Sagtec Global Executes Data Center Management Agreement With Viryatec To Expand Into AI Infrastructure
Sagtec Global Ltd. Class A SAGT | 0.00 |
Sagtec Global Limited (Nasdaq: SAGT) ("Sagtec" or the "Company"), a provider of AI-powered software solutions and enterprise technology platforms, today announced its strategic expansion into AI infrastructure following the execution of a Data Center Management Agreement with Viryatec Limited, a Hong Kong-based company specializing in information technology ("IT") and artificial intelligence ("AI") services and solutions.
Viryatec Limited has appointed Sagtec as its proposed Data Center Management provider for its planned AI-ready data center development in South East Asia. The engagement represents a significant milestone in Sagtec's long-term strategy to expand beyond enterprise software into digital infrastructure and mission-critical AI services.
Based on the current project scope, the Company expects the appointment to create an opportunity to generate approximately US$10 million in revenue over an anticipated 36-month service period, subject to the execution of definitive agreements, project implementation, and the commencement of operations.
