24th Feb 2025 12:08
(Alliance News) - Sealand Capital Galaxy Ltd on Monday said investee Evoo AI PLC, which provides an artificial intelligence-driven luxury e-commerce platform, has obtained trademark protection for its Olive brand.
Sealand Capital Galaxy is an Asia-focused digital investor that offers financial and strategic support to entrepreneurs.
It said the trademark will protect Evoo's Olive brand in Australia, Canada, China, the UK, the EU and the US, providing a legal framework to ensure that Evoo and its partners are safeguarded against unauthorised use and fraudulent activities. Olive is Evoo's flagship software application.
Shares in Sealand Capital were down 9.1% at 2.00 pence in London on Monday morning. However, the stock is up 29% so far in 2025.
Sealand's investment in Evoo is part of the two firms' collaboration on the Sea-Voo AI Asia initiative, which aims to deliver a "best-in-class luxury commerce experience" for the Asia-Pacific region.
"Sealand's investment in Evoo AI PLC was made with a vision for long-term growth, and the successful trademark registration of Olive is a major step in ensuring the security, exclusivity and global scalability of the platform," said Sealand Chief Executive Officer Thomas Sawyer.
"With this protection now in place, Evoo can confidently roll out marketing programmes and deepened brand and influencer partnerships, positioning Olive for continued expansion in the luxury e-commerce space. This milestone further solidifies our confidence in Evoo's strategic vision and execution."
Sealand added that Evoo's search for a strategic development partner is progressing towards its final stages, with an announcement to made "in due course" on the firm's decision.
By Emily Parsons, Alliance News reporter
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