Latest news with #Sagtec
The Star
14-07-2025
- Business
- The Star
Ramssol disposes of 40% stake in subsidiary for RM25mil
PETALING JAYA: Ramssol Group Bhd has entered into a share sale agreement with Sagtec Global Ltd for the disposal of its 40% equity interest in Rider Gate Sdn Bhd for a disposal consideration of RM25mil. Ramssol said it would be satisfied by the issuance of consideration shares by Sagtec equivalent to the aggregate value of the disposal consideration. Rider Gate is a wholly-owned subsidiary of Ramssol and is involved in mobile applications, electronic commerce, and information systems integration. By undertaking the partial stake sale, Ramssol said it can leverage on Sagtec in terms of capital and operational resources to accelerate the commercialisation of Rider Gate. 'The proposed disposal is expected to accelerate Sagtec's growth strategy through the investment in a ready-made platform to immediately commercialise and monetise a new market. 'In addition, Sagtec's software development capabilities complement the unique requirements for Rider Gate. Its experienced software development team can create tailored solutions, often starting with a comprehensive software development blueprint in the form of a white paper,' said Ramssol.
Yahoo
06-06-2025
- Business
- Yahoo
Sagteс Ignites AI Commercialization Surge with US$5 Million in Contracts, Targeting US$50 Million Pipeline in 12 Months
Breakthrough Robotics and CRM Deployments Set Stage for Scalable Recurring Revenue Across Southeast Asia and Hong Kong KUALA LUMPUR, Malaysia, June 06, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), the next-generation provider of customizable AI and automation platforms, today announced the signing of two major commercial contracts totaling US$5 million less than one week after the official launch of its AI-powered robotics platform. These early wins underscore an accelerated go-to-market approach and build momentum toward a commercial pipeline exceeding US$50 million over the next 12 months. This positions Sagtec as a rising leader in AI automation across the Asia-Pacific region. Key Highlights: US$2 Million Robotics Deployment Sagtec will deploy over 100 autonomous robotic units to a leading multi-brand restaurant group in Malaysia. This marks the initial phase of a nationwide rollout, expected to generate more than US$20 million in cumulative revenue over the next year under a Robotics-as-a-Service (RaaS) model. US$3 Million CRM Platform Contract The Company also secured a significant Customer Relationship Management (CRM) project with a prominent F&B operator. The solution features modules for loyalty management, points and credits tracking, inventory control, and workforce administration. This contract is projected to add over US$30 million in Software-as-a-Service (SaaS) revenue pipeline through regional expansion. Both contracts are powered by Sagtec's modular, full-stack AI platform, which integrates voice-activated robotics, POS systems, and real-time analytics. These milestone deployments validate Sagtec's dual-engine monetization strategy across RaaS and SaaS, generating scalable, high-margin recurring revenue. Strategic Outlook: With demand for automation accelerating in high-volume service sectors, Sagtec is actively expanding commercial engagements across Southeast Asia, Hong Kong, and the Gulf Cooperation Council (GCC) markets. The global service robotics market is projected to surpass US$90 billion, and Sagtec is strategically positioned to lead as a platform-native AI solution provider at scale. Momentum Metrics – Past 7 Days • 2 contracts signed worth US$5M • 100+ robotic units deployed • Targeting US$50M revenue pipeline • Enterprise client base expansion across 3 regions • New verticals in hospitality, retail, and foodtech unlocked 'This is more than early traction. It marks the beginning of an exponential monetization curve. Our combined RaaS and SaaS model is engineered for rapid scaling with enterprise adoption. By embedding AI directly into day-to-day operations, we are unlocking repeatable revenue at the infrastructure level, from robotics to real-time CRM analytics,' 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 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
03-06-2025
- Business
- Associated Press
Sagtec Unveils AI-Powered Robotics Platform to Redefine Front-of-House Dining Operations
KUALA LUMPUR, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a technology innovator in customizable software and AI systems, today announced the commercial launch of its AI-powered robotics platform, engineered to transform front-of-house operations across the global hospitality sector. Designed to address one of the industry's most pressing challenges: labor-intensive service operations, the platform combines autonomous robotics, proprietary AI algorithms, and real-time software orchestration. With early traction from multinational restaurant groups and franchise chains, Sagtec is positioning this solution as a foundational pillar for intelligent automation in dining environments. 'This launch represents more than just a new product; it's a leap forward in hospitality automation. Our AI-powered platform evolves with each deployment, enhancing user experience, brand personalization, and service efficiency. We are targeting over 500 new robotic kiosk subscriptions within the next 12 months, supported by growing demand across Southeast Asia and the Middle East,' said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. Key features of the platform include: The platform is structured to generate high-margin, recurring revenue through multiple monetization streams: This launch marks a significant expansion of Sagtec's total addressable market (TAM) and strengthens the Company's long-term earnings visibility. According to Fortune Business Insights, the global service robotics market is projected to exceed US$90.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 19.2% from 2025. Sagtec's offering is strategically positioned to capitalize on this momentum, particularly as the hospitality sector faces a projected shortfall of 14 million workers by 2030, according to the World Economic Forum. By entering the intelligent robotics space, Sagtec is establishing itself as a key AI systems provider within one of the fastest-growing automation segments. With a scalable SaaS-style licensing model, flexible hardware leasing, and enterprise-grade customization, the Company is building a defensible, multi-layered ecosystem designed to deliver predictable, repeatable revenue growth in the years 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. 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 Phone: +6011-6217 3661 Email: [email protected] A photo accompanying this announcement is available at
Yahoo
03-06-2025
- Business
- Yahoo
Sagtec Unveils AI-Powered Robotics Platform to Redefine Front-of-House Dining Operations
Targeting Scalable Recurring Revenue in US$90 Billion Service Robotics Market KUALA LUMPUR, Malaysia, June 03, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a technology innovator in customizable software and AI systems, today announced the commercial launch of its AI-powered robotics platform, engineered to transform front-of-house operations across the global hospitality sector. Designed to address one of the industry's most pressing challenges: labor-intensive service operations, the platform combines autonomous robotics, proprietary AI algorithms, and real-time software orchestration. With early traction from multinational restaurant groups and franchise chains, Sagtec is positioning this solution as a foundational pillar for intelligent automation in dining environments. 'This launch represents more than just a new product; it's a leap forward in hospitality automation. Our AI-powered platform evolves with each deployment, enhancing user experience, brand personalization, and service efficiency. We are targeting over 500 new robotic kiosk subscriptions within the next 12 months, supported by growing demand across Southeast Asia and the Middle East,' said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. Key features of the platform include: Autonomous robotic navigation and AI-driven spatial awareness for seamless, real-time delivery in dynamic restaurant environments Natural language ordering with multilingual voice engagement and facial recognition Precision robotic arm integration for hygienic, consistent delivery Full point-of-sale (POS) software integration enabling real-time syncing with ordering systems Customizable UI/UX for brand-specific voice design, themes, and ambient behaviour. The platform is structured to generate high-margin, recurring revenue through multiple monetization streams: Hardware sales and robotic leasing subscriptions Licensing of Sagtec's proprietary AI software layer, including conversational and behavioral intelligence Predictive diagnostics and tiered maintenance contracts for optimized uptime and support Customization and branding packages tailored to enterprise and franchise clients This launch marks a significant expansion of Sagtec's total addressable market (TAM) and strengthens the Company's long-term earnings visibility. According to Fortune Business Insights, the global service robotics market is projected to exceed US$90.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 19.2% from 2025. Sagtec's offering is strategically positioned to capitalize on this momentum, particularly as the hospitality sector faces a projected shortfall of 14 million workers by 2030, according to the World Economic Forum. By entering the intelligent robotics space, Sagtec is establishing itself as a key AI systems provider within one of the fastest-growing automation segments. With a scalable SaaS-style licensing model, flexible hardware leasing, and enterprise-grade customization, the Company is building a defensible, multi-layered ecosystem designed to deliver predictable, repeatable revenue growth in the years 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. 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 LokChairman, Executive Director & Chief Executive OfficerPhone: +6011-6217 3661Email: info@ A photo accompanying this announcement is available at in to access your portfolio
Yahoo
31-05-2025
- 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.
