AION-TECH Solutions Signs MoU With Bulgaria's Theoremus AD for Urban Mobility Projects

MT Newswires Live12-22 19:06

AION-TECH Solutions (NSE:GOLDTECH, BOM:531439) has signed a memorandum of understanding with Bulgaria-based Theoremus AD to collaborate on urban mobility and transport technology solutions in India, according to an Indian bourse filing on Monday.

Under the MoU, the two companies will jointly work on developing and deploying multimodal mobility integration and data-driven operational solutions, with initial pilot projects planned in Telangana and Karnataka, the filing said.

The collaboration will focus on integrating transport systems such as metro, buses, EV fleets, parking infrastructure, IoT devices, CCTV, and security systems into a unified operational platform, the filing added.

The MoU has a validity period of 12 months from the signing date and can be terminated by either party with 30 days' written notice, according to the filing.

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