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EZGO Technologies Ltd. (NASDAQ:EZGO) ("EZGO" or "we," "our," or the "Company"), a leading short-distance transportation solutions provider in China, today announced that it entered into a procurement agreement (the "Procurement Agreement") with Hangzhou Huiyu Zhichuang Industrial Co., Ltd. ("Huiyu Zhichuang"), a subsidiary of Huiyu Holdings Group ("Huiyu Group"), which is a China-based company primarily engaged in real estate development business and ranked one of the top 500 civilian-run enterprises in China, for the sale of twelve security patrol robots (the "Robots") and one intelligent patrol platform (together with the Robots, the "Products") for an aggregate sales price of RMB 13.46 million (approximately US$1.84 million). The entry of the Procurement Agreement demonstrates market recognition of the Company's strong R&D and manufacturing capabilities.
Pursuant to the Procurement Agreement, the Company agrees to complete the delivery and installation of the Products within 9 months after the execution of the Procurement Agreement. The Robots stand out with a myriad of modern features, including self-navigation, live video streaming, proficient face and license plate detection, vocal notifications, an emergency SOS button, self-charging capabilities, infrared vision, and full compatibility with smart patrol systems. This suite of features reinforces EZGO's efforts to advancements in short-distance transport solutions.
Mr. Jianhui Ye, Chairman and Chief Executive Officer of the Company, commented, "This sale once again showcases the appeal of our products and our ability to continuously acquire new customers. In September 2023, we successfully delivered 10 Robots to PIESAT Information Technology Co., Ltd. Keeping the good momentum, the transaction with Huiyu Zhichuang is expected to help us expand businesses with Huiyu Group and achieve sustained orders and sales in other industrial parks under its management. The twelve Robots purchased by Huiyu Zhichuang will be used for intelligent security patrols in Huiyu Intelligent Innovation Park, an industrial park in Hangzhou, Zhejiang, China with a gross floor area of 189,564 square meters to attract digital economy enterprises as its tenants.
Meanwhile, this sale further solidifies our position and drives us to remain at the forefront of smart transportation solutions. It also indicates the successful execution of our marketing strategy of appealing to and growing sales to a more diversified group. We look forward to securing more contracts in the future, delivering exceptional value to our clients, and consequently creating substantial value for our shareholders."
Posted In: EZGO
