Core Viewpoint - LOBO EV Technologies Ltd. has entered a strategic partnership with Roundtree Lab to manufacture AI-driven medical beds, marking its entry into the healthcare equipment market with projected sales growth from $11 million in the first year to $88 million by the third year [2][4][5]. Group 1: Agreement Details - The definitive agreement solidifies the collaboration between LOBO and Roundtree, focusing on leveraging LOBO's manufacturing capabilities to produce advanced medical beds integrated with AI technology [3][4]. - LOBO will serve as the exclusive Original Equipment Manufacturer (OEM) for Roundtree's medical transfer beds, utilizing Roundtree's proprietary patents and licenses [8]. Group 2: Market Potential - The partnership targets the expanding U.S. medical device market, particularly in smart medical devices for elderly care and intelligent patient transport, with a significant opportunity in AI-driven emergency transfer beds [5]. - Roundtree aims to capture at least 50% of the U.S. emergency medical equipment market over the next three years, highlighting the transformative potential of the technology [5]. Group 3: Management Commentary - The CEO of LOBO expressed excitement about the partnership, emphasizing the alignment with the company's commitment to innovation and diversification in enhancing patient care [6]. - The CEO of Roundtree highlighted the collaboration as a significant milestone in revolutionizing healthcare through AI-driven solutions, citing LOBO's manufacturing excellence as a key factor [6].

Core Viewpoint - LOBO EV Technologies Ltd. has entered into a letter of intent with Roundtree Lab to manufacture smart electric medical transport beds, marking its first entry into the healthcare equipment market and emphasizing its commitment to innovation and diversification [1][2]. Group 1: Collaboration Details - The collaboration will leverage LOBO's expertise in connectivity and multimedia interactive systems, applying these capabilities to Roundtree's advanced bed technology [2]. - LOBO will serve as the Original Equipment Manufacturer (OEM) for Roundtree's AI-driven medical transport beds, utilizing Roundtree's patents and licenses [3]. - The partnership is expected to enhance patient care, safety, and efficiency within healthcare facilities [2]. Group 2: Market and Revenue Potential - Roundtree's established relationships with U.S. hospitals are anticipated to accelerate market penetration for the advanced transport beds across the United States [4]. - The partnership is projected to generate over $10 million in revenue in 2025, contingent on LOBO's consistent delivery of high-quality products [5]. Group 3: Management Commentary - The CEO of LOBO expressed excitement about the collaboration, highlighting the commitment to delivering AI-powered medical transport beds to the U.S. healthcare market [6]. - The CEO of Roundtree Lab emphasized LOBO's manufacturing capabilities and technological innovation as key factors for the partnership's success [6].

WUXI, China, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, is pleased to invite investors to a webinar on January 8, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature LOBO Board Member Harry Schulman, who will share insight into the Company’s plans to accelerate growth and profitab ...

Partnership expected to contribute to strong sales growth and operational efficiencyWUXI, China, Dec. 16, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, signed a strategic manufacturing and distribution agreement with Capital Fortress Assets Ltd. (“Capital Fortress”), a lawn and garden equipment distributor. This agreement mar ...

WUXI, China, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) ("LOBO" or the "Company"), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway fourwheeled shuttle designer, developer, manufacturer and seller, launched its new solar-powered golf cart, with the initial production run of 33 units already sold to U.S. customers. This marks the third successful export of LOBO's golf carts to the U.S., reinforcing the Company's growing market presence and its commitment ...

WUXI, China, Aug. 05, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ:LOBO) ("LOBO" or the "Company"), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway fourwheeled shuttle designer, developer, manufacturer and seller, expanded its manufacturing capacity with the addition of a new factory in the Wuqing Development Zone. The newly rented facility, the third manufacturing workshop for Tianjin LOBO Intelligent Robot Co., Ltd., a wholly owned subsidiary of LOBO, spans a total of ...

WUXI, China, July 23, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ:LOBO) ("LOBO" or the "Company"), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway fourwheeled shuttle designer, developer, manufacturer and seller, is pleased to invite investors to a webinar on July 24, 2024, at 4:15 p.m. ET. To register for the free webinar, please visit: https://redchip.zoom.us/webinar/register/WN_Rpxb66OwTiasxxMg5LUabQ#/registration About LOBO EV Technologies Ltd. Forward Looking State ...

Forward Looking Statements WUXI, China, July 23, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (Nasdaq: LOBO) ("LOBO" or the "Company"), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway fourwheeled shuttle designer, developer, manufacturer and seller, is pleased to invite investors to a webinar on July 24, 2024, at 4:15 p.m. ET. To register for the free webinar, please visit: https://redchip.zoom.us/webinar/register/WN_Rpxb66OwTiasxxMg5LUabQ#/registration Questions can be pre-subm ...

WUXI, China, July 16, 2024 (GLOBE NEWSWIRE) -- LOBO EV Technologies Ltd. (NASDAQ:LOBO) ("LOBO" or the "Company"), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway fourwheeled shuttle designer, developer, manufacturer and seller, announced that it will open a new office in Suriname to better serve the rapidly growing Latin American market. This strategic expansion is in response to increasing demand for sustainable electric mobility solutions in the region. The new office to be establis ...

For more information, contact: Zane Xu IR Manager ir@loboai.com The dealer, which generates over $8 million in annual sales of various short-distance electric mobility vehicles, currently engages in OEM production and procurement from multiple Chinese manufacturers. Recognizing the superior quality and consistency of LOBO's products, the dealer plans to transition to centralized manufacturing and procurement from LOBO to enhance product quality, improve consistency, and reduce transaction costs—a significan ...