(Finance) – Circlea company listed on Euronext Growth Milan and active in the analysis and development of products for the innovation and digitalisation of the port and intermodal logistics sectors, announced the participation of its subsidiary Magellan Circle in the AI4COPSEC projecta pioneering initiative, coordinated by Simula Research Laboratory, which aims to revolutionize maritime surveillance and response to environmental crises using advanced artificial intelligence (AI) technologies and satellite data.
As part of this ambitious consortium, Magellan Circle will receive a non-repayable loan of 272,500 euroswhich supports its specialist skills in scientific communication and dissemination activities at European level.
“Magellan Circle is excited to participate in the AI4COPSEC project, in line with our Connect 4 Agile Growth business plan which has theobjective of supporting the internationalization strategy of the Group and contribute to inclusive digital growth – he said Alexio PiccoManaging Director of Circle Group and President of Magellan Circle – Our commitment to promoting technological solutions for a safer and more secure maritime environment and our expertise in dissemination will be fundamental in translating the technical results of the project into tangible results, improving the capabilities of the ‘Europe in maritime safety and environmental resilience’.