Nanoveu Completes Due Diligence for Proposed Acquisition of Embedded AI Systems

MT Newswires Live

01/23

Nanoveu (ASX:NVU) has completed technical and fiscal due diligence for its proposed acquisition of a 100% interest in system-on-a-chip semiconductor company Embedded A.I. Systems (EMASS), and is set to finalize the deal following shareholder approval, according to a Wednesday filing with the Australian bourse.

The company anticipates additional revenue streams from commercializing EMASS' technology across multiple sectors with final settlement and integration plans expected to proceed shortly, the company said.

Shares of the company fell past 6% at market close.

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