SemiCab Wins Major New Contract with $10 Billion Indian Consumer Packaged Goods Company for New Pilot in India
Algorhythm Holdings, Inc. (RIME)
Company Research
Source: GlobeNewswire
Multinational Consumer Goods Company Enters into a Commercially Scalable Pilot with SemiCab Serving the Indian Market Fort Lauderdale, FL, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or “the Company”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced today the signing of a new master service agreement (MSA) with a leading Mumbai-based multinational consumer goods company specializing in health, beauty, wellness, and healthy packaged foods. Under the agreement, Algorhythm’s subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform, designed to reduce service costs, improve delivery accuracy, and eliminate empty miles. The contract, set to commence in mid-October 2024, will cover several major metropolitan markets across India. “We are pleased to announce significant commercial progress in India,” said Gary Atkinson, CEO of Algorhy
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RIME
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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