- Crowd Media (CM8) officially changes its name to Unith (UNT)
- The change of company name has been registered with the Australian Securities and Investment Commission, effective from November 30
- CEO Idan Schmorak told investors the name “Unith” best encapsulates the company’s underlying tech, which is “clean, commercial and agile”
- The company will begin trading under the ticker code UNT on Wednesday, December 7
- Unith is up 3.45 per cent and trading at 3 cents at 3:36 pm AEDT
AI tech specialist Crowd Media (CM8) has changed its name to Unith (UNT).
The change of company name and ASX ticker code has been registered with the Australian Securities and Investment Commission, becoming effective on November 30. However, the company noted its ACN and ABN remain the same.
“Over the past 15 months, we have completely restructured the company, refreshing and energising our team, strengthening the balance sheet and optimising cash flow, and supporting our industry-leading engineering team to develop cutting-edge technology that is changing the way businesses interact with their clients online,” Unith CEO Idan Schmorak said.
“These operational and financial improvements, and our new vision and team, have made us a strong tech company with exciting global growth opportunities.
“Unith best encapsulates our underlying tech which is clean, commercial and agile.”
Unith said it was working to unify the research and development of facial movement deep learning, audio machine learning and conversation design to generate the first customisable avatar of its kind.
Businesses can use the tech to create digital humans to immerse, assist and educate customers in real-time and in multiple languages through one full-stack platform.
The company will begin trading under the ticker code UNT on Wednesday, December 7.
Unith was up 3.45 per cent and trading at 3 cents at 3:36 pm AEDT.