# AIBotics Acquires NovaCore Labs Assets to Expand Caribbean AI and Robotics Platform

- URL: https://stocks.freetheai.org/news/aibotics-acquires-novacore-labs-assets-to-expand-caribbean-ai-and-robotics-0cc53a
- Published: 2026-10-16T20:52:00Z
- Category: mergers; sentiment: bullish; impact: medium
- Symbols: [OTC:AIBT](https://stocks.freetheai.org/symbols/OTC-AIBT)
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AIBotics, Inc. (OTC:AIBT) has completed the acquisition of operating assets associated with NovaCore Labs from PlayJamaica Limited. The transaction was completed for 22,500 shares of Series B Preferred Stock valued at $225,000, along with potential earn-out payments of up to $3.0 million tied to four-year cumulative revenue targets. The acquired asset package includes commercial drones, service robots, field generators, mapping equipment, software, and intellectual property.

The acquisition gives AIBotics an established operational footprint in Jamaica to expand its AI-enabled robotics, autonomous systems, and geospatial services across the Caribbean region. NovaCore Labs previously participated in mapping projects involving Google Street View and maintains partnerships with local educational institutions. Under the agreement, NovaCore co-founder Gregory Moore will serve as president of the operating subsidiary.

Moving forward, the business plans to prioritize revenue opportunities in commercial drone operations, LiDAR asset management, and commercial automation deployments. Investors will be watching the execution of a planned $1.0 million capital deployment over the next 12 months, as well as progress toward meeting the cumulative gross revenue milestones required for additional earn-out payments.

## Key points

- AIBotics acquired NovaCore Labs assets from PlayJamaica Limited for $225,000 in preferred stock plus up to $3.0 million in revenue-based earn-outs.
- The asset package includes 10 service robots, six commercial drones, field generators, mapping equipment, software, and customer contracts.
- Gregory Moore will serve as President of the operating subsidiary under a targeted $1.0 million capital deployment budget over 12 months.
- The transaction establishes an operational base in Jamaica to expand AI, drone, and robotics services across the Caribbean.

## Questions and answers

### What did AIBotics acquire from PlayJamaica Limited?

AIBotics acquired NovaCore Labs assets, including 10 service robots, six commercial drones, mapping equipment, intellectual property, customer data, and operating software.

### How much did AIBotics pay for the NovaCore Labs assets?

AIBotics paid 22,500 shares of Series B Preferred Stock valued at $225,000, with earn-outs of up to $3.0 million in preferred stock tied to revenue milestones up to $5.0 million over four years.

### Who will lead the newly acquired NovaCore operations?

Gregory Moore, co-founder of NovaCore Labs, will lead the operating subsidiary as President under a planned $1.0 million 12-month capital deployment budget.