PTT Exploration and Production Public Company Limited (SET:PTTEP) announced on Tuesday that the establishment of 2 new subsidiary companies to operate Artificial Intelligence and technology businesses, per the following details:
First, Bedrock Analytics Company Limited with registered capital of 5,000,000 baht consisting of 500,000 ordinary shares at 10 baht each, with 100% shareholding by AI and Robotics Ventures Company Limited, a subsidiary of PTTEP. Bedrock will use the Geospatial Location Intelligence Platform and AI Technology to provide advanced location insights.
Second, Bind Systems Company Limited, with registered capital of 5,000,000 baht consisting of 500,000 ordinary shares at 10 Thai Baht each, with 100% shareholding by AI and Robotics Ventures Company Limited. Bind will use Web 3.0 technology to provide security, privacy, and seamless access to Digital Identity and Personal / Enterprise data.
The establishment of this company is to enhance competitiveness and identify new technology development opportunities, which aligns with PTTEP’s strategy.
