Dogness (International) Corporation Announces Strategic Investment in Petcare Internet of Things Platform

Company Overview - Dogness (International) Corporation is a developer and manufacturer of a comprehensive line of pet products, including Dogness-branded, OEM, and private label items [1][4] - The company was founded in 2003 and focuses on enhancing the relationship between pets and their caregivers through smart products, hygiene products, health and wellness products, and leashes [4] Strategic Acquisition - Dogness has entered into a share acquisition agreement to acquire a 19.5% equity interest in Dogness Intelligent Technology Co., Ltd. (DITC) in exchange for Class A common shares and warrants [1] - This acquisition aligns with Dogness's strategic goals, particularly in the growing petcare technology sector [3] DITC Overview - DITC, established in 2018, specializes in the research and development of Internet of Things (IoT) and app platforms in the pet industry [2] - The company aims to create user-centered intelligent petcare devices and applications that monitor pet activities and health data [2] Market Trends - There is a growing focus on pet health and wellness, driven by advancements in IoT, AI, and data analytics, which increases demand for pet tech products [3] - The petcare market is expanding, presenting new opportunities for growth for companies like Dogness and DITC [3]