SIM Acquisition Corp. I (SIMA) signed a non-binding letter of intent (LOI) to acquire 100% of American Industrial Technologies, Inc. (AIT). AIT operates Q1, a telecommunications platform specializing in manufacturing, logistics, and connected device ecosystems. The parties have entered a 45-day exclusivity period to conduct due diligence and negotiate definitive agreements. The exclusivity period may automatically renew for an additional 15 days if negotiations continue in good faith.