Healthcare Triangle Inks Letter Of Intent With Crestpoint Capital To Acquire Certain Of Its IP, Trademarks, Business Assets Of Roboticom For Up To $30M In Cash, Equity

Healthcare Triangle, Inc. (NASDAQ:HCTI) ("HCTI" or the "Company") today announced it has signed a non-binding Letter of Intent ("LOI") with Crestpoint Capital LLC ("Seller") outlining a proposed transaction in which HCTI would acquire certain intellectual property, trademarks and business assets associated with Roboticom (roboticom.it), a Pisa, Italy-based provider of industrial robotic automation systems for precision surface treatment, marketed under the SandRob™, ORTIS™ and ScultoRob™ product lines and serving aerospace, marine, composites, orthotics and prosthetics, and industrial-tooling customers.

nder the terms outlined in the LOI, HCTI would acquire 100% of the customer contracts, identified intellectual property, trademarks and business assets for total consideration of up to $30 million in cash and equity paid over time.