Yudiz Solutions Share Rally 9% On Signing MoU With Nirma University

Thursday's trading session saw a more than 9% rise in shares of Yudiz Solutions Ltd. following the game blockchain company's signing of a memorandum of understanding (MoU) with Ahmedabad, Gujarat-based Nirma University. Following the announcement, shares of Yudiz Solutions opened on Thursday at Rs 141 apiece and rallied to an intraday high at Rs 151 logging in a gain of 9.14% from its previous close of Rs 138.35.

A Memorandum of Understanding (MOU) has been signed between Yudiz Solutions and Nirma University. Yudiz Solutions is a well-known firm that specialises in game, blockchain app, and AI/ML development. In order to promote technological innovation in education and open doors for cooperative research and development, this partnership represents a major step ahead. Dr. Madhuri Bhavsar, the head of the Department of Computer Science and Engineering at the Institute of Technology, Nirma University, and Pratik Patel, the Managing Director of Yudiz Solutions, formally signed the Memorandum of Understanding.

Yudiz Solutions aims to align its expertise with the rapid developments in academics through the MoU. The partnership focuses on key fields including AR/VR, Blockchain, Cyber Security, Embedded System Security, Big Data Analytics, and Sensor Networks.

Pratik Patel, Managing Director, Yudiz Solutions, said, "We recognise the significance of staying abreast of the latest developments in Information Technology. The Computer Science and Engineering Department at Nirma University has a state-of-the-art training infrastructure and a highly accomplished and reputed faculty. The MoU aims to synergise the expertise of the CSE department to keep Yudiz Solutions in step with the developments in academia and research in computing."

"We are excited about the opportunities that this collaboration with Yudiz Solutions opens doors for internships for both graduate and postgraduate students, and provides them with a unique opportunity to apply theoretical knowledge in real-world scenarios. It aligns with our commitment to producing industry-ready professionals. Yudiz Technologies brings a wealth of industry experience and technological expertise that will complement our academic programs and research initiatives," said Dr. Madhuri Bhavsar, HoD of CSE, Nirma University.

Bharat Patel, Chairman and Director, Yudiz Solutions, said, "This MoU with Nirma University signifies our commitment to continuous learning and staying at the forefront of technological innovation. We believe that the synergy between industry and academia is crucial for a dynamic and knowledgeable workforce. We are confident that this collaboration will contribute significantly to the professional development of students and strengthen the ties between industry and academia."

Through the partnership, students studying Computer Science and Engineering at Yudiz Solutions will be able to work together on innovative projects under the direction of knowledgeable faculty members from Nirma University. Numerous technologies are the focus of research and project subjects, such as blockchain-based solutions, gaming applications, artificial intelligence, data analytics, and cryptography.

The collaboration also aims to conduct consultancy, training programs, and funded research projects with Yudiz Solutions utilising the knowledge gained, as per a stock exchange filing filed by the company on Wednesday.