Micropolis AI Robotics (NYSEAMERICAN: MCRP) shares jumped 58.65% to $3.30 in after-hours trading Tuesday after the UAE-based autonomous robotics developer announced a five-year agreement with Abu Dhabi’s Department of Municipalities and Transport.
The announcement came after the market closed, where the stock had already gained 8.33%. According to Benzinga Pro data, the stock closed the regular session at $2.08.
Government Contract Drives The Move
Under the deal, Micropolis will design, deploy, and maintain a Physical AI-powered urban cleaning ecosystem across Abu Dhabi, beginning with AI-guided autonomous mini sweepers integrating sensor fusion, edge computing, real-time fleet orchestration, and predictive maintenance.
CEO Fareed Aljawhari said, “This project showcases our ability to deliver fully integrated autonomous systems that move beyond traditional automation.”
