CHANGZHOU, China, April 12, 2024 /PRNewswire/ -- 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."
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service
platform and two e-bicycle brands, "EZGO" and "Cenbird," EZGO has
established a business model centered on the design, manufacturing
and sale of two-and three-wheeled electric vehicles, intelligent
robots, complemented by electric vehicle accessories including
batteries, charging piles and electronic control system. For
additional information, please visit EZGO's website at
www.ezgotech.com.cn. Investors can visit the "Investor Relations"
section of EZGO's website at www.ezgotech.com.cn/Investor.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the growth of the
short-distance transportation solutions market in China and the other international markets the
Company plans to serve; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the international markets the
Company plans to serve and assumptions underlying or related to any
of the foregoing and other risks contained in reports filed by the
Company with the Securities and Exchange Commission (the "SEC"),
including the Company's most recently filed Annual Report on Form
20-F and its subsequent filings. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, which
are available for review at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward-looking statements to
reflect events or circumstances that arise after the date
hereof.
For more information, please contact:
Ascent Investor Relations LLC
Tina Xiao
Email: investors@ascent-ir.com
Phone: +1 646-932-7242
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SOURCE EZGO Technologies Ltd.
