Blue Cloud signs JV with US-based Byte Eclipse Tech

Blue Cloud Softech Solutions announced that Following the earlier strategic cooperation agreement between Blue Cloud Softech Solutions Limited (BCSSL) and Byte Eclipse Technologies Inc., USA, the companies have taken the next milestone step by entering into a formal Joint Venture (JV) for the design, manufacture, and global commercialization of Edge-AI microprocessor chipsets, using proprietary intellectual property secured under a Technology Transfer (ToT) agreement from an Israeli R&D partner.

Under this Joint Venture, BCSSL will design and manufacture a next-generation Edge-AI Chip, code-named “EclipseX1”, targeting high-reliability, low-latency AI applications. Byte Eclipse Technologies Inc. will mobilize its sales network across the United States and Europe to commercialize the solution within specific industry verticals including Industrial Automation IoT, Automotive Telematics & Control Modules (TCM), and EV charging infrastructure.

The Joint Venture carries an initial term of five (5) years, with geographical exclusivity granted to Byte Eclipse within the defined sectors for the US and European markets. The partnership is expected to create a business potential in the range of US $65 – 80 million over the term of the agreement, covering custom chip sales, licensing, and integration services.

At 9.38 pm, Blue Cloud Softech Solutions Ltd was trading at Rs. 23.05, up by 1.63%, with a volume of 5.70 lakh shares on the BSE.