Singing Machine (MICS) to Acquire SemiCab
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Singing Machine to Acquire SemiCab, a Leading AI Logistics Technology Company
June 12, 2024 7:00 AM EDTSemiCab Generated $6 Million Revenue in 2023
Fort Lauderdale, FL, June 12, 2024 (GLOBE NEWSWIRE) -- The Singing Machine Company, Inc. (Singing Machine) (NASDAQ: MICS) the worldwide leader in consumer karaoke products, today announced it has executed a definitive agreement to acquire SemiCab, Inc. (SemiCab), a leading artificial intelligence technology company that optimizes freight for Fortune 1000 clients in the US and Indian markets.
SemiCabs AI technology was developed specifically to build a hyper-efficient trucking network that operates at a 90%+ utilization level, well above the industry standard of 65%. This technology... More
