Mr. Geoff Balderson reports
MEDBRIGHT AI PROVIDES STRATEGIC UPDATE ON INVESTMENT IN ALGO8 INDUSTRIAL AI
Medbright AI Investments Inc. has provided a strategic update on its investment in Algo8 Industrial AI Inc.
The company's initial $900,000 investment in March, 2025, was a cornerstone of Medbright AI's strategy to participate in the high-growth industrial AI (artificial intelligence) sector. The investment aimed to accelerate Algo8's development of next-generation AI solutions designed to drive efficiency, sustainability and automation in industrial environments.
Since the initial investment, Algo8 has successfully leveraged the capital to expand its technological capabilities and market presence. The company has focused on advancing its core AI technologies, including its PlantBrain platform, which utilizes AI digital twins for real-time plant monitoring and predictive maintenance. This progress is a testament to the powerful synergy between Medbright AI's investment and Algo8's innovative approach to industrial automation.
"We are incredibly pleased with the progress Algo8 has made since our investment," said Brandon Kou, director of Medbright AI. "Their ability to rapidly deploy advanced solutions that directly address the need for smarter, more efficient and sustainable factories validates our strategic vision. This partnership continues to be a key component of our portfolio, and we are confident in Algo8's ability to lead the transformation of the industrial sector."
Nandan Mishra, chief executive officer of Algo8, commented on the development, stating: "The strategic investment from Medbright AI has been instrumental in allowing us to accelerate our product road map and expand our reach into new markets. We have made significant strides in advancing our AI-driven solutions for clients, helping them achieve tangible results in terms of operational efficiency and cost savings. We are excited about our continued momentum and the future of our partnership."
Medbright AI believes that Algo8 is at the forefront of the shift toward autonomous, resilient and sustainable manufacturing. The company continues to actively monitor its investment to ensure it aligns with its commitment to generating returns for shareholders by participating in transformative technological opportunities.
The company also announces that two million RSUs (restricted share units) have been granted to Mr. Kou, vesting immediately. The securities issued are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation.
About Medbright AI Investments Inc.
Medbright AI Investments is a capital allocator focused on investing in diversified industries, with a primary focus on technology and artificial intelligence. These include both public and private companies. Medbright has a focus on near-term and mid-term high-quality opportunities with strong return potential while maintaining its commitment to governance.
About Algo8 Industrial AI Inc.
Algo8 Industrial AI is a global pioneer in industrial artificial intelligence, providing intelligent solutions tailored to energy, manufacturing and asset-heavy industries. Its platform, PlantBrain, uses advanced AI and machine learning to optimize industrial operations, enabling predictive intelligence, hyperautomation and sustainable ecosystems.
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