XMax Inc (XMAX) News & EventsXMAXXMax Inc

XMax Completes Acquisition of 100% Shares of Hexa Creation

XMax announced that it has entered into a definitive share purchase agreement to acquire 100% of the issued and outstanding shares of Hexa Creation. XMax is acquiring Hexa Creation to extend its AI strategy into power infrastructure for AI computing and other high-voltage applications. The company believes the acquisition supports its broader strategy of diversification and long-term value creation.

XMax Signs Cooperation Agreement with apM Group to Expand AI Applications

XMax announced continued commercial progress in its artificial intelligence business through its wholly owned subsidiary XMax AI and expansion into industry-specific AI applications. XMax AI recently entered into a Letter of Cooperation with apM Group, a Seoul-based K-fashion wholesale ecosystem operating company that owns apM, apM Luxe, and apM PLACE, to explore the development and commercialization of AI infrastructure and industry-specific AI models for the Korean and global markets. The parties intend to combine XMax AI's AI infrastructure and model deployment capabilities with apM Group's fashion industry expertise, datasets, and commercial ecosystem to explore the development of K-Fashion and Apparel large language and multimodal AI models. Potential applications include design, merchandising, styling, retail, supply-chain management, and marketing. The parties also intend to explore establishing a Korea-based AI joint venture to support AI infrastructure operations, industry-specific model development and commercialization, and the deployment of AI applications in Korea and broader global markets. The Letter of Cooperation primarily represents the parties' strategic intent and is non-binding, except for certain provisions specified therein. Specific arrangements relating to infrastructure deployment, model access, data governance, commercialization, and joint-venture governance are expected to be addressed through separate definitive agreements.

XMax Signs Contracts Worth $25M in AI Business

XMax announced a significant commercial milestone in its artificial intelligence business, reporting that since launching its AI platform initiative, the company has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately $25M, subject to actual service usage and consumption levels. The executed agreements cover enterprise AI model API services, cloud infrastructure integration, and value-added AI platform services. The contracts are structured to support enterprise customers seeking scalable AI inference capabilities, secure API connectivity, cloud deployment, technical support, and usage-based commercial models. The company believes the execution of these agreements demonstrates increasing commercial adoption of its AI platform and validates its strategy of providing enterprise-grade AI infrastructure and model access solutions.