Blue Cloud Softech Solutions Ltd shares moved over 2% higher after the company announced a key step forward in its global expansion strategy. The firm has entered into a formal Joint Venture with Byte Eclipse Technologies Inc., USA, following their earlier cooperation agreement. The partnership is centered on designing, manufacturing, and commercializing advanced Edge-AI microprocessor chipsets.
The chipset technology is backed by proprietary intellectual property provided through a Technology Transfer agreement with an Israeli R&D partner, strengthening the technical base of the collaboration.
As part of the Joint Venture, Blue Cloud Softech Solutions will handle the design and manufacturing of a next-generation Edge-AI chipset codenamed “EclipseX1,” aimed at real-time, low-latency AI applications. Byte Eclipse Technologies will leverage its sales presence in the United States and Europe to market the EclipseX1. Their commercial focus includes industrial automation and IoT, automotive telematics and control modules, and EV charging infrastructure. Byte Eclipse will have geographical exclusivity for these sectors in the US and Europe.
The Joint Venture has an initial term of five years with a projected business potential of around USD 65–80 million, covering revenue from custom chip sales, technology licensing, and integration services.
At 9:35 AM, the stock was trading 2.51% higher at ₹23.25, reflecting a positive early market reaction to the announcement.
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