- RocketBoots (ROC) has paused trading an hour after announcing its NVIDIA partnership
- According to the company, there will be another announcement in its statement to the ASX asking for a trading halt
- The software and machine learning solutions company had been accepted into the NVIDIA Metropolis Partner Program in the previous announcement which will provide RocketBoots with early access to NVIDIA technology updates
- RocketBoots says it uses NVIDIA’s high performance computing platform to deliver advanced computer vision capabilities to its flagship software solution Beehive
- Shares in RocketBoots were halted at 17 cents, a 107 per cent increase to its last trading price at 10:28 AEST
RocketBoots (ROC) has paused trading an hour after announcing its NVIDIA partnership which sent its share price through the roof, rising 107 per cent.
According to the company, there will be another announcement in its statement to the ASX asking for a trading halt.
The software and machine learning solutions company was accepted into the NVIDIA Metropolis Partner Program in the previous announcement.
According to RocketBoots, the program is designed to nurture and bring to market a new generation of applications and solutions that make the world’s most important spaces and operations safer and more efficient with advancements in artificial intelligence (AI) vision.
The company has said it uses NVIDIA’s high performance computing platform to deliver advanced computer vision capabilities to RocketBoot’s flagship software solution Beehive.
Under the partnership, RocketBoots will be provided with early access to NVIDIA technology updates and a pathway to market and sell in collaboration with the global leader.
As part of the partnership, NVIDIA will publish a RocketBoots success story to coincide with the latest result of their TAO framework – used to simplify and accelerate the creation of custom, production-ready AI models to power AI applications.
Either party can terminate today’s agreement with immediate notice.
NVIDIA is valued at $650 billion by market capitalisation and is a global leader in AI hardware and software from edge to cloud computing.
RocketBoots listed on the ASX on December 7, 2021, after raising $4.25 million through an initial public offer (IPO).
The company was founded in 2004 by current chief technology officer Robin Hilliard who was later joined by current CEO Joel Rappolt and non-executive director Karl Medak in 2007.
Shares in RocketBoots were halted at 17 cents, a 107 per cent increase to its last trading price at 10:28 am AEST.