FAE Technology on rally after agreement with Ray Ozzie, focus on USA

FAE Technology on rally after agreement with Ray Ozzie focus

(Finance) – Rally session in Piazza Affari For FAE Technologya company listed on Euronext Growth Milan and active in the design and production of solutions for the integrated electronics sector, which is the best stock in the FTSE Italia Growth index, after finalizing an agreement with Ray Ozzie, who takes on the role of Technology Advisor of the group. The American entrepreneur and innovator, former Chief Technical Officer and Chief Software Architect of Microsoft from 2005 to 2010 and now founder and CEO of Blues Wireless, will support the group in extending its business model, with particular attention to opportunities offered by the edge computing and artificial intelligence markets.

This move is warmly welcomed – comment the analysts of Alantra – Through this strategic partnership, FAE Technology aims to strengthen its international presence by continuing to advance technology in sectors that are critically dependent on electronics. Ray Ozzie will use his extensive experience to facilitate the implementation of cutting-edge solutions and provide support to the group in its development processes, with the aim of anticipating the needs of both customers and partners. Furthermore, this move could indicate a increasingly dedicated focus on the key US market“.

Excellent performance Fae TechnologyThat it stands at 3.85 euroswith a increase of 10.32%. At an operational level, a continuation of the bullish session is expected with resistance seen at 3.993 and subsequently at 4.373. Support at 3.613.

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