(Alliance News) – Flex Labs Inc began trading on the Aquis Stock Exchange in London on Friday, with an opening market capitalisation of GBP6.9 million.
The artificial intelligence middleware products developer said this was via the admission of 114.1 million shares, priced at 6.00 pence each.
Shares were untraded by Friday early morning on its first day of trading.
Flex Labs’ main product is ‘Flex Elements’, which it describes as a “series of software tools, libraries, and platforms that provide intermediate services and functionalities to simplify the development, deployment, and operation of AI applications”.
Co-Founder & Executive Chair Michael Edwards said: “AI agents, defined as autonomous bots capable of performing business tasks to a human or above level, represent the next wave of AI innovation with the potential to fundamentally transform how economic value is created in the economy.
“Flex Labs is developing a toolkit for businesses to build and integrate AI agents, while also leveraging our in-house expertise to develop a suite of proprietary agents across different business verticals – owned and operated by Flex Labs. We would like to thank our new shareholders and partners for joining us on this exciting journey to capitalise on the vast opportunity that AI technology enables.”
By Greg Rosenvinge, Alliance News senior reporter
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