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SRJ Technologies jumps 27% on Nexxis robotics MoU
SRJ Technologies jumped 27% after its ACE unit signed an MoU with Nexxis for global robotics collaboration. The deal gives ACE early access to 3D mapping tech for energy inspections.
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SRJ Technologies (ASX:SRJ) surged 27.3% to 1.4 cents on Tuesday after its remote inspection and emissions monitoring unit Air Control Entech (ACE) signed a memorandum of understanding with robotic OEM Nexxis. The deal sets up a global strategic collaboration, starting with ACE joining Nexxis's Early Adopter Program for access to a proprietary 3D mapping and localisation platform (3D-SLAM) before broader release.
ACE is a specialist inspection company with data analytics capability and existing access to key energy markets, particularly in the Middle East and North Sea. Nexxis manufactures robotic platforms and provides asset integrity services. The MoU covers a phased approach to technology access and commercial development, including a potential capital-efficient leaseback model that would let ACE use Nexxis's OEM-maintained robots without heavy upfront spending.
"This MoU is the starting point for what we believe can be a genuinely significant partnership between SRJ and Nexxis," CEO Kurt Reeves said. "Nexxis brings equipment access, while we bring market access, service expertise, and the data analytics capability to make that technology meaningful in practice." Reeves also referenced the partnership's focus on improving safety, reducing cost and minimising downtime for energy clients.