We are excited to share that Cognivix has been selected for the discovery phase of Magic Spectrum. This is a fantastic opportunity for us to receive support and guidance from industry experts and take our next steps in revolutionizing smart manufacturing with our next-generation pick and place system for industrial robots. If selected at the end of the discovery phase, we have the possibility of raising up to 325k.
At Cognivix, we remain committed to advancing the field of smart manufacturing with our innovative technology, and we look forward to the potential for growth and learning that this partnership represents. Thank you for your continued support. We will keep you updated on our progress and exciting developments to come.