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Jeffs’ Brands and Deliverz.AI Sign a Binding Letter of Intent for a U.S. Joint Venture Involving AI-Powered Fully Autonomous Robots

Jeffs' Brands Ltd (JFBR) 
Company Research Source: GlobeNewswire
Jeffs' Brands enters service robotics market, expected to reach $84.8 billion by 2028 according to MarketandMarkets, through this new joint venture Tel Aviv, Israel, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, has entered into a binding Letter of Intent (“LOI”) with Deliverz.AI Ltd. (“Deliverz.AI”), a company focused on artificial intelligence (“AI”) powered fully autonomous multi-purpose robotic platforms, as previously announced on November 27, 2024. The LOI, entered into on November 27, 2024, outlines a plan to establish a joint venture (“JV”) to operate exclusively in the United States, combining the strengths of both companies to introduce AI-powered fully autonomous robotic solutions for healthcare logistics in the United States. Deliverz.AI specializes in autonomous navigation platforms that streamline logistics operations. Their flagship Show less Read more
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