NovaCore Labs is moving closer to a possible sale to US-based robotics company AIBotics, but its founder Gregory Moore says the deal is not yet sealed and is being treated as a way to give the Jamaican technology company the capital and corporate backing needed to scale across the Caribbean.

The proposed transaction, first announced internationally as a letter of intent, would see AIBotics acquire NovaCore Labs, the Jamaica-based Google partner that has built a business around cloud infrastructure, immersive technology, AI tools, geospatial mapping, and digital transformation projects.

Moore told the Jamaica Observer that the discussions have been on the table since last year, but stressed that the deal remains subject to final terms.