The company’s stock reached $3.29 following the news, capping off a day that saw an 8.3% increase during regular trading hours. This latest contract builds on a strong year for the firm, which has seen its share price climb 50% since January. Under the terms of the agreement, Micropolis manages the full lifecycle of the project, covering design, production, deployment, and ongoing maintenance of the cleaning systems.
In section Market Quotes
Micropolis AI Robotics Surges on Abu Dhabi Municipal Deal
A 58% spike in after-hours trading followed Tuesday’s announcement that Micropolis AI Robotics secured a five-year contract with the Abu Dhabi government. The developer will deploy an autonomous urban cleaning ecosystem for the Department of Municipalities and Transport, marking a significant expansion for the firm’s robotic fleet.
Operations begin with the rollout of AI-powered autonomous sweepers designed to navigate urban environments. While the company confirmed the scope of the infrastructure project, leadership withheld specific financial details regarding the value of the five-year partnership.
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