Latest news with #KevinNg
Yahoo
3 days ago
- Business
- Yahoo
Sagtec Eyes AI Leadership with Smart Bridge Deal
Sagtec Global Limited (NASDAQ:SAGT) is moving forward with its plans by sealing a term sheet to acquire Smart Bridge Technology Limited, a dynamic AI software company, for $17.6 million. Poised to purchase the company at an approximate price-to-earnings (PE) ratio of 10, Sagtec is all set to transition to a full-spectrum AI technology leader, enabling it to deliver real-time intelligence to enterprises all over Asia. 'This acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future,' mentioned Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec Global Limited (NASDAQ:SAGT). Under the transaction, Sagtec Global Limited (NASDAQ:SAGT) will expand its TAM into high-growth sectors where there is no survival without predictive analytics and behavioral intelligence. From capitalizing on mobile-first, intelligent enterprise software to intelligent POS and behavioral analytics, the company's relevance to this ever-evolving market is something that can't be denied. While the global AI retail market is projected to reach $43 billion by 2032, the SME-focused AI software market will surpass $25 billion. This acquisition proposal came soon after the company delivered around 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to a UAE partner. This initiative to rapidly expand the AI sector means that the giant has taken a new turn to be worth more and more over the years. While we acknowledge the potential of SAGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAGT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None.
Yahoo
4 days ago
- Business
- Yahoo
Sagtec Eyes AI Leadership with Smart Bridge Deal
Sagtec Global Limited (NASDAQ:SAGT) is moving forward with its plans by sealing a term sheet to acquire Smart Bridge Technology Limited, a dynamic AI software company, for $17.6 million. Poised to purchase the company at an approximate price-to-earnings (PE) ratio of 10, Sagtec is all set to transition to a full-spectrum AI technology leader, enabling it to deliver real-time intelligence to enterprises all over Asia. 'This acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future,' mentioned Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec Global Limited (NASDAQ:SAGT). Under the transaction, Sagtec Global Limited (NASDAQ:SAGT) will expand its TAM into high-growth sectors where there is no survival without predictive analytics and behavioral intelligence. From capitalizing on mobile-first, intelligent enterprise software to intelligent POS and behavioral analytics, the company's relevance to this ever-evolving market is something that can't be denied. While the global AI retail market is projected to reach $43 billion by 2032, the SME-focused AI software market will surpass $25 billion. This acquisition proposal came soon after the company delivered around 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to a UAE partner. This initiative to rapidly expand the AI sector means that the giant has taken a new turn to be worth more and more over the years. While we acknowledge the potential of SAGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAGT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Sagtec Global Delivers 8,000 Speed+ Licenses and 200 units of FoodKiosk Machines in UAE, Marking Major Milestone in Regional Rollout
KUALA LUMPUR, Malaysia, May 19, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a leading provider of customizable software solutions, today announced the successful delivery of 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to its exclusive UAE partner, SMD Tech – FZCO ('SMD Tech'). The delivery is invoiced at US$1,345,000, representing a substantial commercial milestone in Sagtec's strategic expansion into the Middle East and reinforcing its role as a key enabler in the region's food and beverage (F&B) and retail digital transformation. The delivery, which forms part of the previously announced five-year Master Dealership Agreement with SMD Tech, represents 80% fulfillment of the initial 10,000-license commitment. The integration of 200 FoodKiosk machines adds a critical hardware component to the Speed+ ecosystem, enabling a fully automated and seamless customer ordering experience in both dine-in and quick-service environments. 'This milestone delivery not only affirms Sagtec's commitment to executing at scale but also signals strong demand from F&B operators seeking intelligent digital solutions,' said Kevin Ng, Chairman, Executive Director and CEO of Sagtec Global. 'Together with SMD Tech, we are enabling the digital transformation of service infrastructure across Dubai and the wider UAE, combining smart software with physical automation for a complete end-to-end solution.' The installed Speed+ platform enables real-time order management, advanced analytics, and automated marketing integration. Coupled with the FoodKiosk terminals, businesses can now reduce wait times, optimize manpower, and boost customer engagement—key priorities in a competitive, experience-driven market. SMD Tech's robust local presence and deep domain knowledge continue to accelerate deployment across key commercial zones, including malls, airports, and major F&B franchise groups. 'We're proud to see Speed+ and FoodKiosk adoption growing rapidly,' said Mr. Ahmed Al Mansoori, Managing Director of SMD Tech. 'This partnership is transforming customer journeys in the UAE and delivering tangible operational efficiencies to our clients.' The deployment coincides with growing regional demand for contactless ordering and smart automation. According to Grand View Research, the Middle East's cloud-based POS market is projected to reach US$1 billion by 2030, underlining the value of Sagtec's integrated approach. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to About SMD Tech – FZCO SMD Tech - FZCO is a technology-focused enterprise based in the United Arab Emirates, specializing in digital infrastructure, IoT solutions, and enterprise transformation. With a mission to empower businesses through innovative software and hardware integration, SMD Tech delivers cutting-edge solutions tailored to the region's fast-evolving digital ecosystem. The company is committed to driving operational excellence and future-ready growth for its clients. Contact Information: Sagtec Global Limited Contact:Ng Chen LokChairman, Executive Director & Chief Executive OfficerPhone: +6011-6217 3661Email: info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
25-04-2025
- Business
- Associated Press
Sagtec Global to Announce Fiscal Year 2024 Financial Results on April 30, 2025
KUALA LUMPUR, Malaysia, April 25, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), today announced that it will release its financial results for fiscal year 2024, ended December 31, 2024, before markets open on April 30, 2025. Sagtec's management team will hold an earnings call at 08:00 a.m. Eastern Time on April 30, 2025, to discuss the Company's financial and business outlook. What: Sagtec Global Limited Announces Fiscal Year 2024 Financial Results and Q&A Webcast When: Wednesday, April 30, 2025 Time: 8:00 a.m. Eastern Time / 8:00 p.m. Malaysia Time Webcast: Registration link: Approximately 24 hours after the Q&A session, an archived version will be available on the Company's website for approximately twelve months thereafter. 'We are excited and look forward to sharing the progress and growth our company has experienced during the fiscal year 2024 with our investors,' said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact: Ng Chen Lok Chairman, Executive Director & Chief Executive Officer Telephone +6011-6217 3661 Email: [email protected]
Yahoo
16-04-2025
- Business
- Yahoo
Sagtec Global Limited (Nasdaq: SAGT) Successfully Deployed the First Batch of Speed+ Smart Cloud Ordering Software Licenses to Indonesia Sole Distributor
KUALA LUMPUR, Malaysia, April 16, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a leading provider of customizable software solutions, announced today the successful deployment of the first batch of its Speed+ Smart Cloud Ordering Software licenses to Indonesia Sole Distributor, marking the Company's official operational launch in the market. This shipment signifies the commencement of Sagtec's rollout in Indonesia following the Company's strategic push to expand its presence across Southeast Asia. The Speed+ system — a cloud-based ordering solution designed to digitalize operations for food and retail businesses — is set to empower businesses with tools for real-time order tracking, digital menus, integrated payment systems, and performance analytics. 'The delivery of our first Speed+ licenses into Indonesia represents a strong validation of our product and regional strategy,' said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. 'As digitalization accelerates across Asia, we are committed to providing high-impact solutions that help businesses stay agile, competitive, and efficient.' Speed+ is targeted at restaurants, cafés, and retail chains looking to optimize workflows, improve customer satisfaction, and increase order accuracy. It supports multi-device connectivity and can be customized to suit various operational sizes, from small outlets to multi-location chains. With Indonesia's digital economy forecasted to reach US$60 billion by 2030, and the region's cloud-based POS market growing at nearly 20% CAGR, this initial shipment lays the groundwork for long-term growth and adoption. Sagtec will continue to monitor local feedback, enhance its support infrastructure, and expand outreach to drive further deployments in the months ahead. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs). For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact:Ng Chen LokChairman, Executive Director & Chief Executive Officer Telephone +6011-6217 3661 Email: info@ Photos accompanying this announcement are available at: in to access your portfolio
