Google Partner Novacore Labs and AIBotics Complete Acquisition of Assets, Expanding AI, Drone, Mapping and Automation Platform in Jamaica

AIBotics completed its acquisition of NovaCore Labs' operating assets from PlayJamaica Limited, adding AI, drone, mapping and automation capabilities in Jamaica and the broader CARICOM region. Consideration was 22,500 shares of Series B Preferred Stock with a stated value of $225,000, plus an earn-out of up to $3.0 million in additional preferred stock over four years tied to cumulative gross-revenue milestones of $500,000 to $5.0 million. Acquired assets include 10 service robots, six commercial drones, Google Street View mapping equipment and the NovaCore brand; NovaCore co-founder Gregory Moore will lead the business as President of the operating subsidiary.

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