Calverton, New York--(Newsfile Corp. - February 5, 2020) - JZZ Technologies Inc. (OTC Pink: JZZI) today confirmed that it is in final negotiations to form a joint venture with PAI-TECH Artificial Intelligence LTD to acquire the exclusive rights to all US distribution of products based on PAI's Bot Operating System Standard (PAI-BOSS).
PAI-TECH's vision is to be the leading bot operating system and to pave the way for future technologies to advance by leveraging PAI-TECH's platform and through the implementation of distributed intelligent bots.
Charles Cardona, JZZ Tech Chief Executive Officer, commented: "I am proud and excited about our partnership with PAI-TECH. Who wouldn't want a smarter computer? What company wouldn't want a more secure solution for their data? When we met with PAI-TECH, I realized straight away that their solution is in a league of its own. PAI-TECH'S technology is a true quantum leap forward for businesses to operate far more efficiently and securely than ever before."
Tamir Fridman, PAI-TECH's Chief Executive Officer, commented: "The US is a market of mammoth proportions and there is no question that PAI-TECH's distributed solutions can produce huge gains for major enterprises, as well as governments worldwide. This is why we are so confident that our partnership with JZZtech will generate amazing results."
About PAI-TECH ARTIFICIAL INTELLIGENCE LTD.
PAI-TECH makes computers smarter through the power of intelligent bots and is revolutionizing computer software with the development of the world's first Bot Operating System Standard (B.O.S.S.). PAI-BOSS provides a distributed operating system powered by PAI-BOTS that run advanced AI algorithms and offer real-time, autonomous and distributed solutions. The company has developed a portfolio of Intellectual Property and has filed several patents to the USPTO.
For more information, please visit: https://www.pai-tech.org
About JZZ Tech, Inc.
JZZ Technology is building a valuable audience, content and news desk capability by rolling up and consolidation struggling traditional media properties and incorporating coordinated digital pathways to increased revenues as well as leveraging the hyper local targeting abilities they possess. Combining this strategy with the technological implementation of Artificial Intelligence (AI) Blockchain technology and Intelligent Bots, we will assemble through strategic acquisitions a highly profitable business which will attract small to medium sized M&A suitors.
For more information, please visit: https://jzztech.com/
This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, potential, intends, plans, hopes, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.
Source: JZZ Technologies, Inc.
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