Kellton Tech Solutions Limited has informed the Exchange regarding a press release dated May 18, 2026, titled "Kellton Launches Phoenix.AI: Modernizing Enterprise Legacy 80% Faster at Half the Cost".
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Kellton Tech Solutions launched Phoenix.AI, an AI agentic platform designed to modernize legacy enterprise systems. The platform claims to accelerate modernization by up to 80% and reduce costs by up to 50%. Phoenix.AI is already deployed with a US-headquartered global enterprise software leader serving manufacturers across Americas, EMEA, and APAC. The current engagement involves migrating over 4 million lines of source code from Progress ABL/OpenEdge to Microsoft .NET Core, spanning 12 core business modules. This marks Kellton's transition from AI experimentation to AI-led enterprise execution at scale.
The launch signals Kellton's competitive positioning in the AI-driven enterprise modernization space. The existing large-scale US client engagement demonstrates market traction, though no specific contract value or revenue contribution was disclosed. Shareholders may view this as a positive step toward monetizing AI capabilities.