Micropolis renames subsidiary to reflect robotics focus

DUBAI - Micropolis Holding Co. (NYSE:MCRP), a $101 million market cap company trading at $2.99, announced Monday that it has changed the legal name of its wholly-owned subsidiary from Micropolis Digital Development FZ-LLC to Micropolis Robotics FZ-LLC.

The company, which specializes in unmanned ground vehicles and AI-driven security solutions, said the name change better reflects its expanding portfolio of autonomous robotic platforms and recent corporate developments. According to InvestingPro data, the company operates with moderate debt levels but faces challenges with weak gross profit margins.

"Micropolis designs and produces advanced robotics and AI technologies tailored to our customers' needs," said Fareed Aljawhari, Founder & CEO of Micropolis. "This subsidiary renaming better reflects our identity as a robotics company, underscores our expanding market presence, and reinforces our commitment to delivering innovative autonomous solutions."

The UAE-based company cited recent milestones as factors in the decision, including its collaboration with SEE Holding Ltd at The Sustainable City 2.0 and a Memorandum of Understanding with Emirates Steel (EMSTEEL), a steel and construction materials manufacturer in the UAE.

Micropolis focuses on the design, development, and manufacturing of unmanned ground vehicles, AI systems, and smart infrastructure for urban, security, and industrial applications.

The announcement was made in a company press release issued Monday. For deeper insights into Micropolis's financial health and growth prospects, including 8 additional key ProTips, visit InvestingPro.

In other recent news, Micropolis Holding Co. showcased a series of advanced robotic systems at the Make it in the Emirates 2025 event. These systems include the Robotic Forestry Unit, Box Cleaner, and M01 Patrol Unit, each designed to address different challenges such as reforestation, industrial sanitation, and public safety. The event highlighted Micropolis' commitment to integrating robotic mobility into industrial operations, marked by a Memorandum of Understanding with Emirates Steel. Additionally, Micropolis has begun testing its AI systems at The Sustainable City 2.0 in collaboration with SEE Holding Ltd. This initiative aims to enhance city performance and achieve net-zero emissions by 2050. The testing phase involves deploying integrated command systems, autonomous fleets, and smart mobility applications. CEO Fareed AlJawhari emphasized the potential of AI to align with net-zero principles. The developments reflect Micropolis' ongoing efforts to advance sustainable urban technologies.

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