Dot Ai and Würth Industry North America Announce Exclusive Partnership to Deploy Dot Ai’s AI-Driven Tracking Solutions for the Manufacturing Industry
Dot Ai and Würth Industry North America (WINA) have signed a five-year exclusive partnership agreement to deploy AI-driven tracking solutions in the manufacturing sector. The collaboration integrates Dot Ai's advanced tracking technology, including ZIM Bridge and Industrial Passive asset tag solution, with WINA's CPS® kanban inventory management systems. This integration aims to provide real-time data, enhance supply chain metrics, and optimize asset intelligence for WINA's manufacturing clients. The partnership focuses on advancing Industry 4.0 practices through IIoT technology, improving forecasting accuracy and reducing supply chain disruptions.
Dot Ai e Würth Industry North America (WINA) hanno firmato un accordo di partnership esclusivo della durata di cinque anni per implementare soluzioni di tracciamento basate sull'IA nel settore manifatturiero. La collaborazione integra la tecnologia avanzata di tracciamento di Dot Ai, inclusi ZIM Bridge e la soluzione per etichette passive industriali, con i sistemi di gestione dell'inventario CPS® kanban di WINA. Questa integrazione ha l'obiettivo di fornire dati in tempo reale, migliorare le metriche della catena di approvvigionamento e ottimizzare l'intelligenza degli asset per i clienti manifatturieri di WINA. La partnership si concentra sullo sviluppo delle pratiche di Industria 4.0 attraverso la tecnologia IIoT, migliorando la precisione delle previsioni e riducendo le interruzioni nella catena di approvvigionamento.
Dot Ai y Würth Industry North America (WINA) han firmado un acuerdo de asociación exclusivo por cinco años para implementar soluciones de seguimiento impulsadas por IA en el sector manufacturero. La colaboración integra la avanzada tecnología de seguimiento de Dot Ai, incluyendo ZIM Bridge y la solución de etiquetas pasivas industriales, con los sistemas de gestión de inventarios CPS® kanban de WINA. Esta integración tiene como objetivo proporcionar datos en tiempo real, mejorar las métricas de la cadena de suministro y optimizar la inteligencia de activos para los clientes manufactureros de WINA. La asociación se centra en avanzar en las prácticas de Industria 4.0 a través de la tecnología IIoT, mejorando la precisión de las predicciones y reduciendo las interrupciones en la cadena de suministro.
Dot Ai와 Würth Industry North America(WINA)는 제조업에서 AI 기반 추적 솔루션을 배포하기 위해 5년간의 독점 파트너십 계약을 체결했습니다. 이 협력은 Dot Ai의 고급 추적 기술인 ZIM Bridge와 산업용 패시브 자산 태그 솔루션을 WINA의 CPS® 칸반 재고 관리 시스템과 통합합니다. 이 통합의 목표는 실시간 데이터를 제공하고 공급망 지표를 개선하며 WINA의 제조 고객을 위한 자산 인텔리전스를 최적화하는 것입니다. 파트너십은 IIoT 기술을 통해 산업 4.0 관행을 발전시키고 예측 정확성을 개선하며 공급망 중단을 줄이는 데 중점을 둡니다.
Dot Ai et Würth Industry North America (WINA) ont signé un accord de partenariat exclusif de cinq ans pour déployer des solutions de suivi alimentées par l'IA dans le secteur manufacturier. La collaboration intègre la technologie avancée de suivi de Dot Ai, y compris ZIM Bridge et la solution d'étiquettes passives industrielles, avec les systèmes de gestion des stocks CPS® kanban de WINA. Cette intégration vise à fournir des données en temps réel, à améliorer les métriques de la chaîne d'approvisionnement et à optimiser l'intelligence des actifs pour les clients manufacturiers de WINA. Le partenariat se concentre sur l'avancement des pratiques de Industrie 4.0 grâce à la technologie IIoT, en améliorant l'exactitude des prévisions et en réduisant les interruptions de la chaîne d'approvisionnement.
Dot Ai und Würth Industry North America (WINA) haben eine exklusive Partnerschaftsvereinbarung über fünf Jahre unterzeichnet, um KI-gesteuerte Tracking-Lösungen im Fertigungssektor einzuführen. Die Zusammenarbeit integriert die fortschrittliche Tracking-Technologie von Dot Ai, einschließlich ZIM Bridge und der industriellen passiven Asset-Tag-Lösung, mit den CPS® Kanban-Inventarmanagementsystemen von WINA. Ziel dieser Integration ist es, Echtzeitdaten bereitzustellen, die Kennzahlen der Lieferkette zu verbessern und die Asset-Intelligenz für die Fertigungskunden von WINA zu optimieren. Die Partnerschaft konzentriert sich darauf, die Praktiken der Industrie 4.0 durch IIoT-Technologie voranzutreiben, die Vorhersagegenauigkeit zu steigern und Unterbrechungen in der Lieferkette zu reduzieren.
- Secured exclusive five-year distribution partnership with major industrial distributor WINA
- Integration with WINA's existing CPS® kanban inventory management solutions expands market reach
- Partnership provides access to WINA's established manufacturing customer base
- None.
Insights
This strategic partnership marks a significant advancement in industrial IoT and supply chain management. The exclusive 5-year agreement gives Dot Ai privileged access to WINA's extensive manufacturing customer base, creating a substantial revenue opportunity. The integration of Dot Ai's battery-free tracking technology with WINA's CPS® kanban system represents a major technological leap in inventory management.
The partnership's value proposition centers on three key innovations:
- ZIM Bridge technology for real-time tracking
- Battery-free asset tags reducing maintenance costs
- AI-powered cloud platform for process optimization
This partnership significantly strengthens Dot Ai's market position ahead of its planned NASDAQ listing through the SPAC merger with ShoulderUp (NYSE: SUAC). WINA's position as a division of the Würth Group, a global industrial distribution leader, provides Dot Ai with immediate access to an established customer network and credibility in the manufacturing sector. The exclusive nature of the agreement creates a competitive moat, potentially accelerating revenue growth and market penetration. The five-year term ensures stable, long-term collaboration, which could positively impact Dot Ai's valuation in the upcoming business combination.
Under this agreement, WINA customers will gain access to Dot Ai’s state-of-the-art track and trace technology, including the ZIM Bridge, Industrial Passive asset tag solution (which requires no battery), and a cloud-based, AI platform that continually optimizes processes. These innovations will be seamlessly integrated with WINA's customized CPS® kanban inventory management solutions, providing real-time data and increasing responsiveness to changing demands, resulting in unprecedented supply chain metrics and security.
“Integrating Dot Ai's advanced AI technology into our existing CPS® kanban inventory management solutions will enable us to bring a new level of efficiency and innovation to our customers," said Daniel Schmidt, Senior Vice President at Würth Industry North America. "Würth Industry has a long history of bringing innovative inventory management solutions to our manufacturing customer base, and this partnership reinforces this commitment. This innovation not only provides customers with peace of mind knowing that their supply chain is secure, it prepares them for the next evolution of industrial technology.”
"Partnering exclusively with Würth Industry North America, a dominant industrial player, is a significant step in bringing our advanced tracking technology to the manufacturing sector," said Dot Ai CEO Edmund Nabrotzky. "We look forward to supporting WINA and their customers to elevate their automation processes and increase their operational efficiency. Both Dot Ai and WINA are working at the forefront of the next generation of manufacturing technology and together will provide the context needed for human, environmental, safety, and social considerations to be integrated into supply chain strategies."
Industry-Leading Innovations for Modern Manufacturing
The partnership emphasizes a commitment to advancing Industry 4.0 practices by harnessing the power of the Industrial Internet of Things (IIoT). By adding intelligent tracking technologies, WINA and Dot Ai will help customers improve forecasting accuracy, mitigate risks, and reduce or eliminate supply chain disruptions. With features such as real-time data insights and automated decision-making, the solution offers a significant leap forward toward Industry 5.0, where technology supports a more holistic approach to industrial processes.
Background Information on Dot Ai’s Business Combination Agreement with ShoulderUp
On March 18, 2024, Dot Ai and ShoulderUp Technology Acquisition Corp. (NYSE:SUAC) entered into a business combination agreement that is expected to be completed in the second half of 2024 (the “Business Combination”), subject to regulatory approvals and other customary closing conditions. In connection with the closing, the resulting company is expected to be listed on Nasdaq under the ticker symbol “DAIC”.
About Dot Ai
At the heart of the technological revolution in asset management and security lies Dot Ai, a trailblazing SaaS service that is redefining the paradigms of asset intelligence, assurance, and safety. By harnessing the power of IoT tracking technology, Dot Ai stands at the forefront of innovation, offering patented solutions that are not just advanced but transformative. Through relentless research and development, Dot Ai has pioneered a suite of technologies that empower organizations to not only streamline their logistics and supply chain processes but also bolster operational security to unprecedented levels. Leveraging state-of-the-art AI engines, cutting-edge 5G RF and BLE technology, and seamless cloud integrations, Dot Ai transcends traditional boundaries, offering real-time asset visibility and predictive analytics that integrate effortlessly with existing infrastructure. This is not just technology; it’s a vision for a more secure, efficient, and connected world. Discover more about how Dot Ai is leading the charge in asset intelligence by visiting https://daic.ai.
About Würth Industry North America
Würth Industry North America (WINA) is a
Important Information About the Business Combination and Where to Find It
In connection with the Business Combination, CID Holdco, Inc. filed a Registration Statement on Form S-4 (File No.) (as may be amended from time to time, the (“Registration Statement”), that includes a preliminary proxy statement/prospectus. The proxy statement/prospectus will be sent to all ShoulderUp shareholders as of a record date to be determined by ShoulderUp for voting on the Business Combination. This press release does not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis for any investment decision or any other decision in respect of such matters. CID Holdco, Inc., ShoulderUp and the Company may also file other documents with the SEC regarding the Business Combination. The stockholders of ShoulderUp and Dot Ai and other interested persons are advised to read the definitive proxy statement/prospectus and other documents filed in connection with the Business Combination, as these materials will contain important information about CID Holdco, Inc., ShoulderUp and Dot Ai and the Business Combination.
Investors and security holders will be able to obtain free copies of the proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by ShoulderUp through the website maintained by the SEC at www.sec.gov or by directing a request to ShoulderUp to 125 Townpark Drive, Suite 300,
Participants in the Solicitation
CID Holdco, Inc., Dot Ai, ShoulderUp and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from ShoulderUp’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers, information regarding their interests in the Business Combination and their ownership of ShoulderUp’s securities are, or will be, contained in CID Holdco, Inc.’s and ShoulderUp’s filings with the SEC, and such information and names of Dot Ai’s directors and executive officers will also be in the Registration Statement to be filed with the SEC by CID Holdco, Inc., Dot Ai, and ShoulderUp, which will include the proxy statement of ShoulderUp. You may obtain free copies of these documents as described in the preceding paragraph.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, including the statements regarding the anticipated timing and benefits of the proposed transactions. All forward-looking statements are based on ShoulderUp’s current expectations and beliefs concerning future developments and their potential effects on ShoulderUp, Dot Ai or any successor entity thereof. Forward-looking statements are based on various assumptions, whether or not identified in this press release, and are subject to risks and uncertainties. These forward-looking statements are not intended to serve as a guarantee of future performance. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the Business Combination Agreement by ShoulderUp’s shareholders, the satisfaction of the minimum trust account amount following any Redemptions by ShoulderUp’s public shareholders, (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Business Combination Agreement, (iii) the effect of the announcement or pendency of the transaction on Dot Ai’s business relationships, operating results and business generally, (iv) risks that the transaction disrupts current plans and operations of Dot Ai, (v) the outcome of any legal proceedings that may be instituted against Dot Ai or ShoulderUp related to the Business Combination Agreement or the proposed transaction, (vi) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder Redemptions, (vii) the risk that Dot Ai and its current and future collaborators are unable to successfully develop and commercialize Dot Ai’s products or services, or experience significant delays in doing so, (viii) the risk that Dot Ai may need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all, and (ix) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the S-4 Registration Statement and proxy statement/prospectus discussed above and other documents filed or to be filed by ShoulderUp, Dot Ai and/or or any successor entity thereof from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ShoulderUp assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of ShoulderUp, Dot Ai, or any successor entity thereof, nor shall there be any offer, solicitation, or sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
No Offer or Solicitation
This Current Report is for informational purposes only and does not constitute an offer or a solicitation of an offer to buy or sell securities, assets or the business described herein or a commitment to ShoulderUp, Dot Ai or the Company, nor is it a solicitation of any vote, consent or approval in any jurisdiction pursuant to or in connection with the proposed business combination or otherwise, nor shall there be any offer, sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.
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Dot Ai
Investors:
Ryan Flanagan, ICR
ryan.flanagan@icrinc.com
Media:
Keil Decker, ICR
dotaipr@icrinc.com
Source: Dot Ai
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