ChronoScale Expands Deal With AI Infrastructure Customer; Shares Up Pre-Bell
MT Newswires Live
Yesterday
ChronoScale (CHRN) said late Thursday that it has expanded an existing customer agreement with an artificial intelligence infrastructure customer.
The company said it also signed a new agreement with a separate AI infrastructure customer.
ChronoScale said that, including the new deals, it will now have an annualized run-rate revenue of $1 billion by Q3 2027.
The company said the timing depends on deploying and commissioning infrastructure, securing power and equipment, and obtaining capital on acceptable terms.
The company added that it has completed the previously announced sale of its Ekso Bionics unit.
Shares of the company were up 6.1% in Friday's premarket activity.
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