Mermaid Maritime, through wholly owned subsidiary Mermaid Subsea Services Thailand (MSST), will establish a 50:50 joint venture company with AI and Robotics Ventures (ARV), a firm under PTT Exploration and Production.
The joint venture will operate under the name ZeaQuest Company upon its incorporation, which is expected before the end of September 2020.
The new company will develop robotics and AI technology to provide commercial subsea engineering services for various clients.
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