BETHESDA, MD, December 10, 2024 (GLOBE NEWSWIRE) — HWH International Inc. (“HWH”) (Nasdaq: HWH) is proud to announce the signing of a strategic partnership agreement with Guangzhou Inbot Technology Ltd, a robotics company, through the wholly owned subsidiary of HWH, Hapi iRobot Pte. Ltd. (HIPL). This partnership represents an important step in advancing global access to cutting-edge robotics solutions.
In collaboration with Inbot, a renowned service robot research and development company, HIPL will provide a comprehensive suite of service robots designed to improve operational efficiency and customer engagement. This partnership combines Inbot’s innovative robotics technology with HIPL’s presence in the United States and key Asian markets.
As part of this partnership, HIPL will include Inbot’s entire range of innovative robotic products and services in its offerings. Padbot Robot, a brand launched by Guangzhou Inbot Technology Ltd, specializes in cutting-edge service robots offering solutions for reception, delivery, security, cleaning and table service applications.
Distribution rights in major global markets
Thanks to this partnership, HIPL secures distribution rights for the Padbot product range in Singapore, Malaysia, Hong Kong, Thailand, South Korea, JapanTHE UNITED STATES And Canada. This reflects the shared vision of the two companies: to provide advanced robotic technologies to businesses around the world.
Robot as a Service (RaaS) Model
The RaaS model delivers subscription-based robotics solutions that transform the way businesses operate across industries, including hospitality, food and beverage, retail, shopping malls, healthcare and education. “Our mission is to empower businesses by integrating advanced robotics into their operations,” said Mr. Heng Fai Chan, President of HWH International Inc. “With the growing demand for automation and service efficiency, our model RaaS gives businesses access to cutting-edge technologies. -state-of-the-art robots without heavy initial investment. We are excited to partner with InBot to bring these solutions to market.
Main features of HWH RaaS:
HWH’s RaaS offering includes a diverse range of service robots tailored to meet specific industry needs:
- Flexibility: Scalable, demand-driven robotic services ensuring profitability.
- Full support: Ongoing maintenance and software updates allow customers to focus on core operations.
- Personalization: Robots can be adapted to meet the unique requirements of different industries and businesses.
Driving market growth
THE Robotics as a Service (RaaS) Walk is expected to grow significantly with the market size expected to increase from US$ 8.19 billion in 2023 to US$ 63.24 billion by 2032, growing at a CAGR of 25.5% during the forecast period (2024 -2032), according to Market Research Future.
About Guangzhou Inbot Technology Ltd.
Established in 2013, Guangzhou Inbot Technology Ltd. (known as “Inbot Tech”) is a high-tech company focused on research and development and production of commercial service robots. Inbot Technology is headquartered in Huangpu Business Center, Guangzhou and has established more than ten branches and offices in new first-tier cities throughout China. Inbot Tech owns several patents on core robot technology, creating huge advantages in underlying service robot technologies such as human-machine interaction, facial recognition, indoor navigation and autonomous movements. Inbot Tech has a large number of successful business cases so far. PadBot Robot, a service robot brand launched by Inbot Tech, has built a robotic product matrix around the horizontal development of commercial property needs. The matrix includes commercial service robots (P/X series), delivery robots (W series), security patrol robots (S series), and cleaning and disinfection robots (C/D series). PadBot Robot’s products are currently sold in Europe, the United States, Asia and many other countries and regions around the world. As a result, PadBot Robot has become a key purchasing target for many internationally renowned distributors.
For more information, visit:
About HWH International Inc.
HWH International Inc. is a lifestyle company with differentiated offerings from four main pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel and Hapi Wealth Builder. HWH develops new ways to help people in their quest for health, wealth and happiness.
For more information, visit:
Forward-looking statements
This press release contains, and certain oral statements made by representatives of HWH and its affiliates may contain from time to time, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. HWH’s actual results may differ from expectations, estimates and projections and, therefore, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “forecast”, “anticipate”, “intend”, “plan”, “may”, “will”, “could,” “should,” “believes,” “predicts,” “potential,” “could,” and “continue” and similar expressions are intended to identify these forward-looking statements. These forward-looking statements include, but are not limited to , statements regarding HWH’s continued growth and expansion and its ability to deliver value to customers and investors, as well as the other risks described under the heading “Risk Factors” in the Registration Statement on Form S-1, filed by HWH with the Securities and Exchange Commission (the “SEC”) on 3. December 2024, as well as those included in any future filings of HWH with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are beyond HWH’s control and are difficult to predict. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, actual results could differ materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. HWH undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which it was made, except as required by applicable law or regulation.
No offer or solicitation
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which any such offer, solicitation or sale be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities will be deemed to have been made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
For investor and media inquiries, please contact:
HWH International Inc.
4800 Montgomery Lane, Suite 210
Bethesda, Maryland 20814
301-971-3955
contact@hwhintl.com
