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XMax Signs AI Model API Services Agreement with New Customer, Expected Annual Revenue of $3.6M

XMax announced that its wholly owned subsidiary, XMax AI, has entered into an additional AI Model API Services Agreement with a new customer for cloud computing and AI model API services. Under the Agreement, XMax AI will provide API-based access to artificial intelligence models and related cloud infrastructure services through its AI platform. The Agreement includes enterprise-grade AI model deployment, cloud infrastructure access, and related value-added services designed to support commercial AI applications and integration. Based on the annual usage cap set forth in the Agreement, the contract is expected to generate up to approximately $3.6M in annual revenue for XMax AI, subject to the customer's actual service usage and consumption levels. The Agreement has an initial term of one year and provides for weekly prepaid billing and recurring usage-based revenue. The services will be delivered through XMax's AI platform and cloud infrastructure ecosystem, enabling scalable deployment and integration of advanced AI capabilities into enterprise and commercial applications.

XMax Files $1B Mixed Securities Shelf

XMax files $1B mixed securities shelf