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Advance International Company for Communication and Information Technology’s (AICTEC) signed, on April 17, a contract with Holowits to become the distributor of the latter’s products, implement visual intelligence technique projects and develop artificial intelligence (AI)-supported cameras.
The contract value depends on the value of products to be purchased in the period between 2022 and 2024 renewable, AICTEC said in a statement to Tadawul.
Holowits is a leading Singaporean company specializing in visual and AI technology.
The related financial impact is expected to show by the end of the fiscal years 2022 and 2023, AICTEC concluded.
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