Micropolis Robotics (NYSE: MCRP) shares were lower to start Tuesday’s session. The Dubai-based company, a pioneer in unmanned ground vehicles and AI-driven autonomous mobility solutions, today announced it has signed a comprehensive commercial agreement with AfricAI Limited that includes the development of three new customized autonomous vehicle models and a multi-year distribution agreement covering several African markets.
Under the terms of the agreement, Micropolis will design, develop, test, and validate three new UGV platforms tailored specifically for African operating environments. The total contract value for the development program is approximately $9.3 million over an expected 18-month project period. The new models will be customized for:
• Police and Public Safety Operations
• Agricultural and Agri-Automation Application
• Border Control and Remote Surveillance Missions
Each platform will be engineered to address the unique terrain, climate, infrastructure, and operational requirements across African regions, including off-road mobility, desert and high-temperature performance, long-range communications, AI-enabled situational awareness, and mission-specific payload configurations.
In addition to the development program, AfricAI has entered into a three-year distribution agreement under which AfricAI, through its subsidiary AfricaAI Technology FZ LLC, will purchase, market, and distribute Micropolis’ autonomous vehicle platforms, including the existing M-Patrol models and the newly developed customized systems.
MCRP shares began Tuesday off 15 cents, or 3.5%, to $4.15.
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