TRUGOLF ANNOUNCES NEWLY EXPANDED AI TECHNOLOGY LICENSING AGREEMENT WITH MLSPATIAL
TruGolf Holdings, Inc. - Class A (TRUG)
Company Research
Source: GlobeNewswire
SALT LAKE CITY, March 20, 2024 (GLOBE NEWSWIRE) -- TruGolf Holdings, Inc. (Nasdaq: TRUG) ("TruGolf”), among the leading sellers and distributors of golf simulator software and hardware, today announced it has entered into a definitive agreement with mlSpatial, a leading AI and machine learning engineering company, to license the AI engine they co-developed to increase 9-axis spin accuracy for TruGolf’s acclaimed new APOGEE launch monitor. The agreement gives TruGolf the first right of refusal to purchase 100% of mlSpatial assets. This relationship will help strengthen the position of TruGolf in the golf simulation market which was valued at $1.31 billion in 2023 and is expected to reach $3.41 billion by the end of 2030 with a CAGR of 24%, according to Verified Market Reports. With the option to purchase the AI engine, TruGolf is committed to harnessing the power of AI to continually elevate the performance and accuracy of its products. “The collaboration with mlSpatial marks an ex
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TRUG
News
- TruGolf Appoints Doug Bybee as Chief Revenue OfficerGlobeNewswire
- TruGolf to Present at the Planet MicroCap Showcase: VEGAS 2024 on Wednesday, May 1, 2024 & 1x1 Meetings on Thursday, May 2, 2024 [Yahoo! Finance]Yahoo! Finance
- TruGolf to Present at the Planet MicroCap Showcase: VEGAS 2024 on Wednesday, May 1, 2024 & 1x1 Meetings on Thursday, May 2, 2024Accesswire
- TRUGOLF RELEASES GROUNDBREAKING E6 APEX RANGE TRAINING SOFTWARE AND SIGNS JOE HALLETT, PGA COACH OF THE YEARGlobeNewswire
- TruGolf Announces Global Franchising with Franchise Well to Accelerate GrowthGlobeNewswire
TRUG
Sec Filings
- 4/17/24 - Form 8-K/A
- 4/10/24 - Form 3
- 4/10/24 - Form 3
- TRUG's page on the SEC website