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Bell Buckle Licenses Artificial Intelligence Modeling and Simulation VLE Software Valued at Over $25 Million Dollars
BOCA RATON, Fla., July 25, 2024 /PRNewswire/ -- (OTC Disclosure & News Service) -- Bell Buckle Holdings, Inc. (OTCMKTS:BLLB) today reports they have successfully licensed their Artificial Intelligence modeling and simulation VLE software valued at over $25 million dollars. The deal is structured as a private label deal with an annual reoccurring licensing fee of $25,000 dollars and a revenue sharing component that will allow for growth. Our software has many applications in various industries. However, its impact will be most significant in helping the oil and gas and chemical industries reach Net-zero. BLLB announces the resignation of Lori Hart former COO thanking Her for Her diligence during this transitional period and welcomes its new CFO Tobias Felder who has over 35 yrs of experience in corporate finance, accounting, operations and compliance. Safe Harbor Statement Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Bell Buckle Holdings Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "vision," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Bell Buckle Holdings Inc.'s filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website. View original content:https://www.prnewswire.com/news-releases/bell-buckle-licenses-artificial-intelligence-modeling-and-simulation-vle-software-valued-at-over-25-million-dollars-302207142.html
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Bell Buckle Licenses Artificial Intelligence Modeling and Simulation VLE Software Valued at Over $25 Million Dollars - Bell Buckle Holdings (OTC:BLLB)
BOCA RATON, Fla., July 25, 2024 /PRNewswire/ -- (OTC Disclosure & News Service) -- Bell Buckle Holdings, Inc. BLLB today reports they have successfully licensed their Artificial Intelligence modeling and simulation VLE software valued at over $25 million dollars. The deal is structured as a private label deal with an annual reoccurring licensing fee of $25,000 dollars and a revenue sharing component that will allow for growth. Our software has many applications in various industries. However, its impact will be most significant in helping the oil and gas and chemical industries reach Net-zero. (Reuters) reports global oil and gas industry's profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, according to the head of the International Energy Agency (IEA), Fatih Birol. Statista Research Department, reports The chemical industry is one of the largest and most important industries worldwide. The United States is one of the largest national producers of chemical products globally. Including the pharmaceutical sector, its chemical shipments value was almost 770 billion U.S. dollars in 2021. The value added by U.S. chemistry in that same year amounted to over 438 billion U.S. dollars. BLLB announces the resignation of Lori Hart former COO thanking Her for Her diligence during this transitional period and welcomes its new CFO Tobias Felder who has over 35 yrs of experience in corporate finance, accounting, operations and compliance. Safe Harbor Statement Forward Looking Statements Disclaimer: This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Bell Buckle Holdings Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Such forward -looking statements include the words "vision," "seek", "grow", "plan" and other expressions of a forward-looking nature. More information about the potential factors that could affect the business and financial results is and will be included in Bell Buckle Holdings Inc.'s filings with the OTC Markets, Securities and Exchange Commission and/or posted on the company's website. View original content:https://www.prnewswire.com/news-releases/bell-buckle-licenses-artificial-intelligence-modeling-and-simulation-vle-software-valued-at-over-25-million-dollars-302207142.html SOURCE Bell Buckle Holdings, Inc. Market News and Data brought to you by Benzinga APIs
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Bell Buckle Holdings, Inc. has licensed AI modeling and simulation VLE software valued at over $2.5 million. The company aims to integrate this technology into its existing platforms to enhance its offerings in various sectors.
Bell Buckle Holdings, Inc. (OTC: BLLB) has made a significant move in the artificial intelligence sector by licensing advanced AI modeling and simulation VLE (Virtual Learning Environment) software. The software, valued at over $2.5 million, is set to bolster the company's technological capabilities and market position
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.The newly acquired software is designed to create complex AI models and simulations. It offers a range of features including:
Bell Buckle plans to integrate this technology into its existing platforms, potentially enhancing its offerings across various sectors such as education, healthcare, and business intelligence
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.This strategic acquisition positions Bell Buckle at the forefront of AI technology implementation. The company's CEO, R. Scott Coffman, expressed enthusiasm about the potential applications of the software, stating that it would allow Bell Buckle to "offer cutting-edge AI solutions to our clients"
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.The integration of this AI software is expected to:
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The acquisition reflects a growing trend in the tech industry, where companies are increasingly investing in AI capabilities to stay competitive. Bell Buckle's move signifies the importance of AI modeling and simulation in various sectors, from education to business intelligence
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.While the software is valued at over $2.5 million, the specific terms of the licensing agreement have not been disclosed. However, this substantial investment underscores Bell Buckle's commitment to technological advancement and its confidence in the potential returns from AI integration
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.As the company works to implement this new technology, investors and industry observers will be keen to see how it translates into tangible benefits for Bell Buckle's operations and its clients. The success of this integration could set a precedent for similar moves by other companies in the AI and tech sectors.
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