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LOS ANGELES - OFA Group (NASDAQ:OFAL) announced Tuesday the launch of its QikBIM platform, which is now available for registration and pilot testing by architectural design firms worldwide. The company’s stock, which has seen a nearly 10% gain over the past week according to InvestingPro data, continues to demonstrate high price volatility in the market.
The AI-driven platform, developed in collaboration with Alan To AI Consultancy Co., aims to generate building information modeling (BIM) models directly from basic building plans, structural layouts, and mechanical, electrical, and plumbing parameters.
QikBIM has completed Phase 2 of development and is now in a functional version ready for pilot testing. Architectural firms can register through the QikBIM website to determine if they qualify for participation in the global trial program.
"The successful completion of Phase 2 and the launch of a functionable pilot version of QikBIM marks a defining moment for OFA and for the industry," said Larry Wong, CEO of OFA.
Traditional BIM processes typically require design teams to manually construct and input detailed architectural, structural, and building services data. OFA claims its platform will allow firms to move from concept to BIM-ready model more efficiently.
OFA Group provides architectural services including design and fit-out services for commercial and residential buildings. The company is developing proprietary AI technologies aimed at integrating artificial intelligence with human expertise in architectural design.
The announcement was made in a press release statement from the company.
In other recent news, OFA Group has announced several significant developments that may interest investors. The company has entered into a joint venture with Next Investments LLC to develop a senior care facility, where OFA will provide capital investment and architectural services. Additionally, OFA Group has implemented a Digital Asset Strategy to streamline senior housing development using blockchain technology, integrating tokenized assets and smart contracts to enhance transaction transparency.
In a move to embrace digital currencies, OFA Group will now accept cryptocurrency payments for its architectural services, supporting Bitcoin, Ethereum, Solana, stablecoins, and other cryptocurrencies. The firm has also launched a $100 million digital asset treasury, managed by Bitwise Asset Management, as part of a strategy to incorporate cryptocurrency into its balance sheet. This initiative aims to generate yield opportunities and provide working capital for the company’s operations and growth.
OFA Group recently celebrated its initial public offering by ringing the Nasdaq closing bell, marking a significant milestone for the company. These developments reflect OFA Group’s commitment to innovation in both the architecture and technology sectors.
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