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Mynd.ai Enters into Agreement to Acquire Award-Winning AI Voice and Remote-Control Technology

1. Mynd.ai acquires AI voice and remote-control technology. 2. Technology enhances flexibility for educators using Mynd's platforms. 3. Acquisition aims to improve workflow automation in classrooms. 4. Closing of the transaction expected in the third quarter. 5. Mynd is a leader in interactive technology for education.

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FAQ

Why Bullish?

The acquisition broadens Mynd's product lineup, potentially increasing revenue and market share. Similar past acquisitions in tech have led to stock price gains due to enhanced capabilities.

How important is it?

The acquisition aligns with market trends in educational technology, promising enhanced offerings. Stakeholder interest in tech-driven educational solutions reinforces the acquisition's significance.

Why Short Term?

The immediate effects of the acquisition will manifest as the technology is integrated, likely boosting sales quickly. Historical trends show tech stock upticks following strategic acquisitions.

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, /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE American: MYND) today announced that it has entered into a definitive agreement to acquire all of the software, patents, trademarks, know-how and other intellectual property related to an award-winning AI voice and remote-control technology. With only a remote control, a USB receiver, and a browser extension, this technology enables voice and remote control of PCs and Macs and connects to any front-of-class display, providing teachers and educators with greater flexibility and freedom. "We are thrilled to have reached an agreement to acquire this exciting technology" stated Arthur Giterman, Mynd's Chief Executive Officer. "By untethering teachers from the front of the classroom, facilitating the automation of instructional workflows and generating content from educational resources, this technology is a perfect complement to Mynd's existing product portfolio, all of which is designed to deliver freedom of choice, simplicity and adaptability." "Acquiring this technology will afford Mynd with an incredible opportunity to further incorporate AI into our Promethean ActivSuite® and Explain Everything® Platforms allowing customers to save time, gain insight, and seamlessly interact with content," stated Lance Solomon, Mynd's Chief Product Officer.  Pursuant to the terms of the agreement, the closing of the transaction is subject to the satisfaction of certain conditions. The Company plans to close the transaction during the third quarter.      Forward-Looking Statements This press release contains "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. Forward-looking statements reflect Mynd's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," "optimistic," and the negatives of these words and other similar expressions generally identify forward looking statements. Such forward-looking statements are subject to various risks and uncertainties, including those described under the section entitled "Risk Factors" in Mynd's Annual Report on Form 20-F, filed with the SEC on March 26, 2025, as such factors may be updated from time to time in Mynd's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Mynd's filings with the SEC. While forward-looking statements reflect Mynd's good faith beliefs, they are not guarantees of future performance. Mynd disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. About Mynd.ai, Inc. Seattle-based Mynd is a global leader in interactive technology offering best-in-class hardware and software solutions that help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Our award-winning interactive displays and software can be found in more than 1 million learning and training spaces across 126 countries. Our global distribution network of more than 4,000 reseller partners and our dedicated sales and support teams around the world enable us to deliver the highest level of service to our customers. SOURCE Mynd.ai WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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