AIBotics acquires NovaCore Labs assets to build Caribbean AI platform

AIBotics, Inc. (OTCID: AIBT) has completed the acquisition of operating assets from NovaCore Labs, a Jamaica-based technology business, in a transaction structured as an exchange of 22,500 shares of AIBotics Series B Preferred Stock with a stated aggregate value of $225,000. The deal gives the Miami-headquartered robotics company a physical foothold in the Caribbean, along with the NovaCore brand, proprietary software, existing customer contracts, and a hardware inventory that includes ten service robots, six commercial drones, three field generators, Google Street View mapping equipment, and a dedicated mapping vehicle.

The agreement also provides for an earn-out of up to $3.0 million in additional Series B Preferred Stock over four years, contingent on the acquired business hitting cumulative gross-revenue milestones of $500,000, $1.5 million, $3.0 million, and $5.0 million. AIBotics and incoming NovaCore president Gregory Moore, the unit's co-founder, have additionally agreed to develop a budget targeting $1.0 million of capital deployment over the next twelve months.

What the assets bring

The core commercial rationale rests on NovaCore's prior participation in Jamaica's Google Street View mapping initiative, which the company says gave it established geospatial workflows and equipment that would otherwise take years to replicate. AIBotics intends to layer AI and LiDAR-based services onto that foundation, targeting asset management, surface classification, and infrastructure analysis for both public- and private-sector clients across the CARICOM region.

Beyond mapping, AIBotics is positioning the drone and robotics inventory as an entry point into commercial automation deployments across selected verticals. The company also cited institutional relationships with the University of the West Indies Global Campus and the University of Technology as assets, with plans to formalise training, apprenticeship, and internship programmes in partnership with both institutions.

Ben Kaplan, chief executive of AIBotics, said the deal allows the company to "convert technology into recurring commercial activity rather than building a Caribbean operation from the ground up."

Market and competitive context

The wider context for this deal is a growing number of technology companies, large and small, treating Caribbean and Latin American markets as greenfield opportunities for AI-enabled services, drone logistics, and digital-infrastructure modernisation. Regional GDP across CARICOM economies is projected at approximately $420 billion with average real growth of around 3.4 percent, according to the Caribbean Economic Outlook 2026 cited in the release, though that figure aggregates markets with very different technology-procurement profiles.

AIBotics trades on the OTC markets, a status that typically signals a pre-revenue or early-revenue company with limited institutional coverage. The deal size, $225,000 in stated preferred-stock value, is modest by technology M&A standards, and the revenue earn-out targets, beginning at $500,000, suggest the acquired business is at an early commercial stage. Investors should weigh the company's stated ambitions against its stated need to raise further capital via an ongoing Regulation A offering.

Competing for drone, mapping, and robotics contracts in the Caribbean will bring AIBotics up against established geospatial service providers and local systems integrators with longer regional track records. The company has not named any current public-sector clients or disclosed the value of existing NovaCore contracts, noting it will not identify agencies involved in active tender or procurement processes until disclosure is authorised.

Gregory Moore, who will lead the acquired subsidiary, framed the immediate priority as execution: expanding services, deepening technical capabilities, and generating revenue across Jamaica and the wider Caribbean. The next material milestones for investors to watch are the first commercial contract win announced under the combined entity and progress against the initial $500,000 earn-out threshold.