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confidence high
sentiment neutral
materiality 0.35
Aibotics enters $165K software dev agreement for Philbot massage robot app
AIBOTICS, INC.
- Agreement with GMF Ventures LLC to develop iOS/Android apps for Philbot massage robot; total consideration $165,000.
- First payment via 500,000 shares of common stock to Steve Fleurimont under Equity Incentive Plan.
- Scope includes machine learning, computer vision, and robotic solutions; IP assigned to Aibotics as work-made-for-hire.
- Development timeline spans 20–25 weeks through planning, design, backend, frontend, testing, and deployment phases.
- Contract provides termination with 30-day notice and a $55,000 penalty for breach of prior notice.