FTI Foodtech International Inc. signed a memorandum of understanding to acquire all the assets of iDroid USA Inc. on June 23, 2017. FTI Foodtech will issue its common shares and stock options as consideration.

iDROID USA, INC. designs, develops, and distributes mobile devices. It offers smartphones, tablets, wearables, and mobile applications. iDROID USA, INC. iDROID USA, INC. was founded in 2012 and is based in Philadelphia, Pennsylvania.