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Advanced in Tech & Business

Jeffs’ Manufacturers to Devote in a Remote Wi-fi Power Transmission Engineering -December 20, 2023 at 07:26 am EST

The Business signed a non-binding letter of intent to devote $2.5 million for a 70% stake in a new corporation to be incorporated that will produce laser- based mostly charging answers for drones and unmanned aircrafts

Tel Aviv, Israel, Dec. 20, 2023 (Globe NEWSWIRE) — Jeffs’ Makes Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce firm functioning on the Amazon Market, signed an more non-binding letter of intent (“LOI”) with Sky Development Companions Ltd. (“Sky Growth”), to make investments in innovative laser- centered wi-fi electricity transmission technological innovation programs, for the distant charging of drones and unmanned aircrafts (the “Investment”).

The LOI, formerly introduced on December 15, 2023, follows the Company’s announcement from November 29, 2023, in which the board of directors resolved to determine opportunity strategic transactions, in the area of sophisticated technologies, with the purpose of maximizing shareholder worth.

According

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