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NETCLASS TECHNOLOGY INC (NASDAQ:NTCL, the "Company" or "NetClass"))), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced that the Company has entered a Memorandum of Understanding (MOU) with RunSun Cloud Pte. Ltd., a Singapore-based computing service provider and one of NVIDIA's global NCP partners, to collaboratively strengthen AI computing infrastructure and application development across Singapore and the broader Southeast Asian region.
This collaboration follows NetClass's recent three-year sales contract with HPC AI Technology Pte. Ltd. to provide AI cloud services, with sales in the initial six-month term reaching approximately $443,000. The partnership combines RunSun Cloud's cloud and AI capabilities with NetClass's expertise in AI applications and market development. The two companies will strengthen high-performance AI computing to support generative AI and enterprise solutions, while advancing AI-driven applications in education, enterprise innovation, and smart city development, further boosting NetClass's overall sales performance.
This partnership represents another strategic milestone for NetClass following its recent initiatives, including the establishment of its Singapore subsidiary, relocation of its global headquarters to Singapore, and $2.4 million PIPE financing to support AI and blockchain innovation. These developments reinforce the Company's commitment to advancing global AI applications, blockchain development, and long-term business growth in Southeast Asia.
Posted In: NTCL
