Fobi AI Inc. announced that the company's wholly-owned subsidiary, PulseIR, has signed a newdeal with Turnium Technology Group Inc. Turnium develops software-only technology that powers software-defined wide area networks (SD-WAN) and profits for service providers across the globe. PulseIR is a platform as a service (PaaS) and Fobi will generate $120,000 in revenue for the one-year contract. This revenue will be recognized in accordance with IFRS policies over the 12 months of the contract.

The company's latest deal with Turnium scales Fobi's IR solutions to a newindustry and adds another customer to PulseIR's growing client base. Since its commercial launch in January 2023, Fobi has also signed PulseIR deals with PanGenomicHealth Inc. and Empower Clinics. This new contract will additionally help generate increased demand from public issuers who want to deliver personalized, automated, and data-driven mobile IR solutions to their shareholders.