Cannibble Foodtech changes name to Ultrobotix, new ticker UBTX

Rosh Haayin, Israel - Food tech company Cannibble Food-Tech Ltd. (CSE:PLCN) revealed on Monday that it has rebranded as Ultrobotix Ltd., according to a press release. The change in name garnered the support of shareholders and the Board of Directors. The ticker symbol will transition from PLCN to UBTX, with trading under the new identity set to commence on September 18, 2026. The CUSIP number for common shares remains unchanged.

The rebranding represents Ultrobotix's strategic shift towards developing AI-driven solutions tailored for the food and beverage industry. The company is engineering an AI-powered formulation agent aimed at aiding food scientists, technologists, chefs, and product developers in crafting and refining food and beverage formulations.

This technology is designed to evaluate ingredient functionality, nutritional targets, sensory profiles, regulatory requirements, and manufacturing parameters to formulate optimal products. Furthermore, Ultrobotix is integrating AI with robotic manufacturing solutions to facilitate automated production processes.

The company's technological advancements are being spearheaded by its internal team with expertise in food technology, product formulation, and consumer food innovation. Ultrobotix has also set up a specialized division dedicated to robotics solutions, formed through partnerships with manufacturers of existing technologies. This division focuses on marketing and commercializing robotic technologies for various environments, including food service, hospitality, and industrial settings. Ultrobotix operates on the Canadian Securities Exchange.