Fort Technology (FRTT) said Wednesday it signed a non-binding letter of intent for a proposed strategic partnership and investment with fuel maintenance systems provider Logia USA.

The proposed transaction involves acquiring a 50.1% stake in Logia USA and offering a credit line of up to $2 million to fund expansion in the data center sector, the company said.

The proposed partnership aims to evaluate supplying automated fuel maintenance systems for standby generators used by data centers, Fort Technology said.

Shares of the company were up 61% in Wednesday trading.

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