Brand Engagement Network Invests in Accelevate Solutions, Forges Commercial Collaboration

MT Newswires Live04-22

Brand Engagement Network (BNAI) said Wednesday it has agreed to make a strategic investment and a commercial collaboration with HighTide Energy, doing business as Accelevate Solutions.

The partnership seeks to advance artificial intelligence in live fleet operations and expand Brand Engagement's capabilities to connect human intent with real-time system execution, the company said.

Under the binding term sheet, the company will invest up to $1 million, including a $250,000 initial payment to support commercialization and deployment and an additional $750,000 upon completion of mutual reseller agreements.

The collaboration, which combines Accelevate's fleet AI-powered infrastructure with Brand Engagement's AI technology, will allow the latter to enter the commercial fleet market.

Shares of Brand Engagement were up more than 11% in pre-bell activity Wednesday.

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