Guardforce AI Co., Limited (NASDAQ: GFAI) an AI-driven technology company providing Agentic AI, smart solutions in automation, robotics, and secured logistics, today announced it has entered into a non-binding Letter of Intent to acquire 100% of the issued and outstanding share capital of MGAI Limited (“MGAI”), a pioneer in AI-driven solutions for speech therapy and development management and rehabilitation services.
Utilizing advanced AI technology and one of China’s largest domestic databases for children's language development assessment, MGAI has built a service ecosystem combining proprietary AI-supported software, cloud-based SaaS tools, professional training systems, and integrated hardware solutions.
The platform supports a wide service network including patients, rehabilitation professionals, hospitals, rehabilitation institutions, and educational organizations. To date, MGAI’s ecosystem has served more than 110,000 patients and has over 20,000 registered rehabilitation professionals.
MGAI plans to expand beyond Mainland China through established distribution channels into Hong Kong, Singapore, and Taiwan.
Said CEO Lei Wang “This LOI represents a perfect acquisition for us. MGAI provides a real-world AI application platform where professional rehabilitation expertise can be structured, digitized, and scaled.
GFAI shares gained less than a cent or 1.1%, to 43 cents.
Tech Insider
