Subex (UK) Limited is a 25 years old industry famous for helping businesses in establishing digital trust. Applying the company’s motto of “Trust in T.E.A.M. (Together Everyone Achieve More)” company made a claim that they are going to launch a new AI Automation Platform.
Subex Limited has informed the Stock Exchange Organization that the company is going to launch a new AI Automation Platform on coming 22nd April,2021 and specify that the details related to the Platform will be shared with everyone on the same date only. Though the company has already started promotional campaigns and have shared some teasers on their social media handles yet the important aspects will be disclosed on the launch day only.
It must be noted that with just an announcement of the new Platform, the company’s stocks in its early trading hours has already touched an intraday high and low of 53.80 per piece and Rs 42.10 respectively. With the storm of announcement the company made a record of new 52-week and rise to 18 percent when it hits Rs 53.80 per piece on Mnday.
The company in one of its open letter to the BSE Limited that is the National Stock Exchange of India Limited have cleared that they have already intimated the company about its new product launch on March 8,2021 and now is launching the product itself on 22nd April,2021. The company in its letter stated,”Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, and in furtherance to our intimation dated March 08, 2021, we would like to inform you that Subex will be launching the new AI automation platform on Thursday, April 22, 2021 and specific details of the same will be unveiled on the launch day.”
With this announcement, company’s share price has jumped over 1,200 percent from last year of 2020 and the company claimed that this platform will help enterprises in their AI adoption journey. We must tell you that Subex Limited use Artificial Intelligence for securing businesses, assuring profitability and hence helps the businesses to grow.