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LHSW-News
LHSW-Events
Lianhe Sowell to Execute 1-for-8 Share Consolidation
Lianhe Sowell announced that the company will effectuate a 1-for-8 share consolidation of the company's ordinary shares of $0.0016 par value each. The objective of the share consolidation is to maintain its listing on Nasdaq.
Lianhe Sowell Enters Strategic Cooperation Agreement with Kumquat Technology
Lianhe Sowell International announced that it has entered into a strategic cooperation agreement with Kumquat Technology, a subsidiary of Chery Group and the operating entity for its nationwide network of 1,000 4S stores, to promote intelligent equipment solutions across China's automotive aftermarket. Under the Agreement, the two companies will collaborate on intelligent equipment solutions covering 24 automotive aftermarket processes. Lianhe Sowell will provide complete sets of intelligent operating equipment, while Kumquat Technology will provide supporting automotive parts. The parties will also leverage their respective resources and capabilities to promote the solutions in the domestic market.
Lianhe Sowell International Prices Follow-On Offering at $1.44 per Unit
Lianhe Sowell International announced the pricing of follow-on public offering on a best-efforts basis of 7,638,889 units at an offering price of $1.44 per unit. R. F. Lafferty & Co., Inc. is acting as the sole placement agent for the offering.
Lianhe Sowell International Group Ltd Trading Halted, News Pending
Lianhe Sowell International Group Ltd trading halted, news pending
Lianhe Sowell Signs $1.8M Contract with Heca Group
Lianhe Sowell announced the signing of a contract with Heca Group to develop an automated artificial intelligence-powered steam car-wash robot for the customer. The contract value is approximately $1.8M, subject to the terms and milestone requirements set forth in the contract. Heca commissioned Lianhe Sowell to develop the car-wash robot to address issues affecting certain North American car-wash markets, including water usage, environmental permitting requirements, and construction timelines. The system is engineered to use robotic steam cleaning to reduce water consumption potentially by up to 90% compared to certain conventional systems, and to operate without chemical foams, which was built on the Company's core AI paint-spraying robot technology. Pursuant to the contract, the mobile, fully automated unit is designed for rapid deployment and unattended operation, targeting an integrated wash-polish-wax cycle and a 4-5 minute service time per vehicle for passenger cars, SUVs and pickups. Lianhe Sowell states that it owns core intellectual property and expects to deliver an end-to-end solution covering research and development, prototype production, factory testing, installation, training and after-sales support, reflecting the company's focus on technological innovation, commercial execution and long-term service value.
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