Brand Engagement Network secures $2.050 million AI licensing deal with Valio Technologies in Africa

daWhy Brand Engagement Network Stock Is Trading Higher Today - Brand Engagement Network (NASDAQ:BNAI)

Brand Engagement Network Inc. (NASDAQ:BNAI) shares are up on Wednesday with a session volume of 44.40 million compared to the average volume of 6.26 million. The stock's rise comes as the company has secured a $2.050 million AI licensing partnership in Africa, which may enhance its market position while broader markets experienced mixed performance. Strategic AI Alliance with Valio Technologies The partnership involves a strategic alliance with Valio Technologies (Pty) Ltd, establishing an exclusive AI licensing framework for government and commercial markets across Africa. This includes a memorandum of understanding with Nelson Mandela University to implement a mental health support initiative, which is particularly timely given the rising mental health challenges among students in the region. In addition to the financial contribution, the deal grants Brand Engagement Network a 25% common equity ownership in the newly formed entity and a 35% revenue share across various offerings. Key deal terms also include an exclusive license for government and private-sector markets across Africa and a perpetual term with the right of first refusal on any sale. This partnership leverages the company's proprietary technologies to deliver localized AI solutions, addressing growing regulatory requirements in African markets. BNAI Outperforms with Strong Technical Momentum The stock is currently trading 163.8% above its 20-day simple moving average (SMA) and 146.9% above its 100-day SMA, demonstrating strong short-term momentum. Shares have increased 2.81% over the past 12 months and are currently positioned closer to their 52-week highs than lows. The RSI is at 68.76, which is considered neutral territory, suggesting that the stock is not yet overbought. Meanwhile, MACD is above its signal line, indicating bullish momentum. The combination of neutral RSI and bullish MACD suggests mixed momentum. * Key Resistance: $10.50 * Key Support: N/A The stock carries a Buy Rating with an average price target of $6.00. BNAI Scores High on Benzinga Edge Momentum Below is the Benzinga Edge scorecard for Brand Engagement Network, highlighting its strengths and weaknesses compared to the broader market: * Momentum: Bullish (Score: 89.44/100) -- Stock is outperforming the broader market. The Verdict: Brand Engagement Network's Benzinga Edge signal reveals a classic 'High-Flyer' setup. The strong momentum score confirms the stock's upward trend, suggesting that investors may want to capitalize on this momentum while being cautious of potential volatility. BNAI Price Action: Brand Engagement Network shares were up 57.75% at $9.70 on Wednesday, according to Benzinga Pro data. Image via Shutterstock BNAIBrand Engagement Network Inc $8.1031.7% Overview Market News and Data brought to you by Benzinga APIs

Brand Engagement Network enters $2.05B AI licensing partnership in Africa (BNAI:NASDAQ)

* Brand Engagement Network (BNAI) announced a $2.05M AI licensing partnership with Valio Technologies for government and commercial markets across Africa. * Key terms of the deal include a $2.05B preferred equity contribution from a newly formed South Africa-based entity to the company, 25% common equity ownership in the newly formed entity, 35% revenue share across software, SaaS, services, and subscription offerings, and exclusive license for government and private-sector markets across Africa. More on Brand Engagement Network

Brand Engagement Network Inc secures $2.050 million AI licensing partnership - SEC filing

Brand Engagement Network Inc. is a provider of conversational artificial technology (AI) technology and human-like AI avatars. The Company delivers personalized, multi-modal (text, voice, and vision) AI engagement, with a focus on industries where there is a workforce gap to transform how consumers engage with networks, providers, and brands. Its AI assistants are built on proprietary natural language processing, anomaly detection, multisensory awareness, sentiment, and environmental analysis, as well as real-time individuation and personalization capabilities. The Company’s platform is designed to configure, train, and operate AI assistants that engage with professionals and consumers through multiple channels, boosting customer experience and providing instant personalized assistance for consumers in the automotive and healthcare markets. Its AI assistants can be offered to its clients’ customers through mobile apps, desktops, or laptops, as well as through in-store lifesize kiosks.