VERSES Technologies (VERS.NE) , a next-generation AI company providing foundational technology for the contextual computing era announced today a partnership with SVT Robotics, whose SOFTBOT platform and partner ecosystem streamline the integration and deployment of robotics, IoT, and other industrial applications. 

SVT Robotics is revolutionizing automation deployments in the warehousing and manufacturing industries. SOFTBOT allows companies to integrate robots, automation, or IoT devices they need in just days or weeks.

SVT’s integration with VERSES’ network operating system, KOSM, is expected to accelerate deployments of AI powered robots into warehouses and distribution centers.

A SOFTBOT connector for KOSM services will be available in SVT Robotics’ AppDirectory for quick and reliable integration with any of the other automation and robotics technology connectors in the SVT ecosystem. This streamlines the integration and adoption of VERSES AI for use by supply chain companies using the latest logistics robots.

Customers deploying VERSES technology through SVT Robotics’ agile, tech-agnostic SOFTBOT Platform also gain access to SVT’s’ AppLab and AppMonitor capabilities to build additional customer operational workflows, and monitor the activity and health of each deployment, process automation, and performance.

“We are thrilled to be a certified partner on the SVT Robotics SOFTBOT Platform,” said Gabriel René, Co-Founder and CEO of VERSES. “Companies within the supply chain tend to work in technologically complex environments and keeping up with the latest advancements can be challenging. The ability for SVT’s SOFTBOT Platform to integrate multiple systems, such as WMS, ERP, robotics, and IoT, enhanced with KOSM’s ability to generate a coherent model of the movement and flow of an operation in order to better understand and optimize them will be a powerful combination.”

“SVT Robotics is focused on empowering companies to deploy automation technologies rapidly and seamlessly,” said A.K. Schultz, CEO of SVT Robotics. “Partnering with VERSES and its artificial intelligence technology not only enriches our SOFTBOT Platform ecosystem, but also introduces our customers throughout the supply chain to emerging AI technology that can dramatically change the operational performance within the distribution center, warehouse, and beyond.”

The stock is currently up over 7% on today’s news.

The stock has been contained within my support and resistance levels that I have drawn. With today’s price action, a major resistance zone could be taken out. $0.85 has been resistance for the stock since November 2022. We attempted to break above multiple times but no luck. We are finally above this zone, and if we can confirm a close by the end of the day above $0.85, it would be bullish for the stock.

A close like this would set us up for a run back to previous all time record highs. There is also some resistance at $0.95 that I have been watching and we are seeing that today’s highs respected this level. $1.00 is a major psychological price zone for the stock, and investors should really be watching for that to break.