SemiCab Wins Contract with $200 Billion Global Consumer Packaged Goods Company for New US Pilot
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: GlobeNewswire
Global Beverage, Food & Snack Company Enters into a Strategic Initiative with SemiCab, Largest US Customer to Date Fort Lauderdale, FL, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, today announced that it has been awarded a service contract with a leading global beverage, food, and snack company. Under the agreement, Algorhythm’s subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform, focusing on reducing empty truck miles. The contract, commencing mid-October 2024, will initially cover multiple large metropolitan markets, with the potential to rebid for additional lanes after six months. “This is a major milestone for SemiCab,” commented Gary Atkinson, CEO of Algorhythm, the parent company of SemiCab. “This new award represents the first major new business won by SemiCab in the US since
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RIME
Sec Filings
- 11/19/24 - Form 10-Q
- 11/14/24 - Form NT
- 11/13/24 - Form 8-K
- RIME's page on the SEC website