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DUBAI - Micropolis Holding Co. (NYSE:MCRP), a developer of unmanned ground vehicles and AI security solutions, has signed an exclusive distribution agreement with UAE-based AERXIO FZ-LLC to distribute its products across Egypt and North Africa, the company announced Thursday. The small-cap company, currently valued at $81 million, is seeking to expand its market presence despite generating modest revenues of $40,000 over the last twelve months.
Under the agreement, AERXIO will serve as the sole distributor for Micropolis’s unmanned ground vehicles (UGVs) and related technologies in these markets. The partnership is part of Micropolis’s international expansion strategy to bring its autonomous security solutions to new regions. According to InvestingPro data, the company faces challenges with weak gross profit margins and currently trades below its Fair Value.
"This partnership opens significant opportunities for us to attract new customers in attractive markets with a growing demand for advanced security infrastructure solutions," said Fareed Aljawhari, Founder, Chief Executive Officer and Director of Micropolis, in a press release statement.
The agreement includes distribution rights for Micropolis’s flagship platform, The Patrol, which is designed for open-road and desert operations. According to the company, the vehicle can reach speeds up to 50km/h, has a 15-hour runtime, and features rapid charging capabilities.
Micropolis describes itself as a UAE-based company specializing in the design, development, and manufacturing of UGVs, AI systems, and smart infrastructure for urban, security, and industrial applications.
The company stated that Egypt and the broader African continent represent markets where its autonomous solutions can address security challenges, including border protection initiatives.
AERXIO maintains strategic relationships with companies across Egypt and North Africa, according to the announcement.
In other recent news, Micropolis Holding Co. has announced a name change for its subsidiary to Micropolis Robotics FZ-LLC, reflecting its focus on robotics and autonomous systems. This change aligns with the company’s expanding portfolio in robotic platforms. Additionally, Micropolis introduced a series of advanced robotic systems at the Make it in the Emirates 2025 event. The new offerings include the Robotic Forestry Unit, designed for reforestation efforts, the Box Cleaner for industrial sanitation, and the M01 Patrol Unit for public safety. These systems were showcased at the Abu Dhabi National Exhibition Centre, where CEO Fareed AlJawhari emphasized their role in ecological restoration. These developments highlight Micropolis’s commitment to innovation in autonomous technologies.
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