SINGAPORE, July 09, 2025 (GLOBE NEWSWIRE) -- OrangeKloud Technology Inc. (Nasdaq: ORKT) ("OrangeKloud" or "the Company"), a Singapore-based technology company offering the eMOBIQ® No- Code platform for development of mobile applications, is pleased to announce the signing of a contract with Evvo Labs Pte. Ltd., a Singapore-based ITMS technology company. Under the agreement, OrangeKloud will supply and implement 450 Cloud Workspace Terminals with a total contract value of US$301,275. "This project further va ...

Core Insights - Orangekloud Technology Inc. has announced the launch of eMOBIQ® AI, the first enterprise-grade, AI-first no-code development platform, set for public release on July 25, 2025, following a successful beta program [1][2] Company Overview - Orangekloud Technology Inc. is a Singapore-based technology company that offers the eMOBIQ® No-Code platform, designed for mobile application development targeted at small and medium enterprises (SMEs) and corporations [7] Product Features - eMOBIQ AI is designed to simplify enterprise application development by combining AI-native features, proprietary orchestration techniques, and an intuitive interface, enabling both technical and non-technical users to build scalable applications quickly [3][4] - The platform supports three distinct modes of use and includes features such as automated API integration, a Quality Assurance Agent, and advanced debugging tools, making it one of the most advanced AI-powered development platforms available [4] - eMOBIQ AI automates critical stages of the application development lifecycle, allowing users to create fully functional applications without writing code and deploy them rapidly across web and mobile platforms [5] Market Position and Future Outlook - The CEO of Orangekloud, Alex Goh, emphasized that eMOBIQ AI significantly reduces the time required to ship production-ready applications, potentially transforming software creation across industries [6] - Early interest from enterprise customers has been noted, with expectations that the platform will contribute meaningfully to the company's revenue as adoption scales [6]

Core Insights - Orangekloud Technology Inc. has signed a memorandum of understanding with Evvo Labs to develop a large language model tailored for software engineering and application development [1][4] - The integration of the LLM into Orangekloud's eMOBIQ platform will enhance features such as intelligent suggestions, code generation, testing automation, and system integration support [2] - The project aims to improve ERP implementation and software development cycles through automated documentation, code audits, and AI-guided system configuration [2][3] Company Overview - Orangekloud Technology Inc. is a Singapore-based technology company that offers the eMOBIQ No-Code platform, designed for mobile application development, particularly for SMEs and corporations [5] - The eMOBIQ platform includes a suite of applications that digitalize and streamline operations in various sectors, including Food Services, Manufacturing, Precision Engineering, and Construction [5] Partner Overview - Evvo Labs Pte. Ltd. is an award-winning ITMS technology company in Singapore, specializing in digital transformation and technology development [6] - The company has received recognition for its achievements in cybersecurity and digital media, including winning the Singapore Government Bulk Tender Awards since 2010 [6]

Financial Performance - Research and development expenses for the year ended December 31, 2024, were S$30,621 (approximately $22,413), a significant decrease from S$576,556 in 2023[215]. - The Group raised IPO and over-allotment gross proceeds of approximately S$20 million (approximately $15 million) in 2024[332]. - As of December 31, 2024, the Group had outstanding principal loan amounts of S$503,579 (approximately $368,598), a decrease from S$749,202 as of December 31, 2023[332]. - The consolidated financial statements are presented in Singapore Dollars (S$), with functional currencies including Singapore Dollar, United States Dollar, and Malaysia Ringgit[333]. - The translation rate for the consolidated financial statements as of December 31, 2024, was US$0.7320 = S$1[334]. Employee and Organizational Structure - The company had 61 full-time employees as of December 31, 2024, with 41.0% in information technology and 24.6% in research and development[225]. - The organizational structure includes subsidiaries such as Enterprise Software Investment Inc. and Orangekloud Pte. Ltd, all 100% owned by the Issuer[246]. Competitive Environment - The company operates in a competitive environment with main competitors including Low-Code development platforms and business process management software providers[216]. - The company believes it competes favorably in terms of platform features, ease of integration, and total cost of ownership[217]. - The principal competitive factors include platform reliability, security, extensibility, and professional services[221]. Intellectual Property - The company holds a patent for a Service Management Method in Singapore, expiring on July 16, 2034, and another in China expiring on July 2, 2035[222]. - The company has filed a patent for a Software Application Development Method in Singapore, with an application date of November 23, 2020[224]. Legal and Compliance - The company does not currently face any legal proceedings that could materially affect its business[227]. - The Company believes it is in compliance with the provisions of the Corruption, Drug Trafficking and Other Serious Crimes Act and the Terrorism (Suppression of Financing) Act[240][241]. Risk Management - The Company manages credit risk through regular evaluations based on creditworthiness and industry trends[330]. - The Group monitors and maintains a level of cash and cash equivalents deemed adequate to finance operations and mitigate cash flow fluctuations[331]. - The company has adequate insurance coverage for its business operations and reviews its policies annually[220]. Facilities - The company has leased office space in Singapore and Malaysia, with the Singapore lease expiring on November 30, 2024[226]. - The Company has leased office space in Singapore with a lease expiring on November 30, 2024, and a shared workspace in Malaysia expiring on February 28, 2024[247]. Data Protection - The Company is undergoing an ISO 27001 certification project to enhance its data protection capabilities[239].

Core Insights - Orangekloud Technology Inc. is set to launch its new AI-driven no-code application development platform, eMOBIQ® AI, on February 3, 2025, aiming to redefine application building and lead in global digital transformation [1][4]. Group 1: Product Features - eMOBIQ AI utilizes advanced AI agents and proprietary orchestration techniques to automate key phases of application development, significantly reducing development time while ensuring precision and quality [2]. - Users can communicate requirements in natural language, allowing for the generation of complete applications with comprehensive documentation within minutes under optimal conditions [3]. - The platform enables deployment across various web and mobile platforms, facilitating faster market delivery of solutions [3]. Group 2: Strategic Collaboration and Market Position - The development of eMOBIQ AI is in strategic collaboration with AI Singapore, showcasing the company's commitment to advancing software development [4]. - The platform is designed to democratize application development, empowering not only software developers but also business professionals and individuals without coding experience [4]. Group 3: Leadership Perspective - CEO Alex Goh highlighted the transformative impact of eMOBIQ AI, emphasizing its ability to streamline the development process and accelerate innovation across industries [5]. Group 4: Company Overview - Orangekloud Technology Inc. is a Singapore-based technology company that offers the eMOBIQ® No-Code platform, specifically targeting Small and Medium Enterprises (SMEs) and corporations to digitalize and streamline operations in various sectors [5].