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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.
Lianhe Sowell Signs Strategic Cooperation MOU with World Mobile Group
Lianhe Sowell signed a non-binding Memorandum of Understanding or strategic cooperation with World Mobile Group. The MOU discussions were initiated and facilitated by OOKC Investment Holdings Group. OOKC will participate in the collaboration as a strategic facilitator and ecosystem architect, supporting the advancement of the potential collaboration. Under the cooperation framework of the MOU, the collaboration brings complementary expertise across technology, infrastructure, and capital markets together for the three parties in exploring innovative infrastructure solutions for evolving digital economy. The parties share a vision of accelerating next-generation digital infrastructure by integrating artificial intelligence, decentralized communications networks, and blockchain-based coordination frameworks. The cooperation aims to explore scalable infrastructure models capable of supporting future digital services, smart city platforms, and emerging global data ecosystems. Specifically, the collaboration aims to explore the development of next-generation global digital infrastructure networks by leveraging AI, Decentralized Physical Infrastructure Networks, and blockchain technologies, while also studying innovative applications of Real World Assets and Real Data Assets within the digital economy. Subject to further negotiation and any definitive agreements, the Company will contribute advanced AI hardware and intelligent systems, World Mobile will provide decentralized telecommunications network architecture and OOKC will facilitate integration of technology ecosystems and capital market resources, while supporting the strategic planning and implementation of initiatives.
Lianhe Sowell International Group Receives Nasdaq Warning
Lianhe Sowell International Group announced that it has received a notice from The Nasdaq Stock Market dated January 22, stating that the company is not in compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
Lianhe Sowell Invests $200M to Establish Robotics HQ in UAE
Lianhe Sowell announced its strategic plan to invest in and establish its first Specialized Industry Robotics Industrial Headquarters Base in the United Arab Emirates or UAE marking a significant milestone in the company's global expansion strategy and the advancement of its artificial intelligence-driven robotics business. According to the strategic plan, the UAE-based headquarters will bring together research and development, manufacturing, and global sales for the company's specialized industry robotics business, serving customers across international markets. The project will focus on aiming to provide high-quality and reliable robotic solutions across several specialized areas. Located in the UAE, the headquarters is expected to serve as a regional hub supporting the company's operations across Asia, Europe, the Americas, and Africa. The total planned investment for the project is expected to be $200M. The project is expected to have a construction period of approximately 18 months and, upon completion, is designed to support an annual production capacity of approximately 50,000 to 80,000 specialized industry robots. The company is actively engaging with local banks and investment funds in the UAE, seeking financial support for the project and exploring potential partnerships and engaging local advisors. There is no assurances that the company will carry out the plan as contemplated or that the contemplated result will be achieved in its entirety.
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