Core Insights - NetClass Technology Inc has entered a Memorandum of Understanding (MOU) with RunSun Cloud Pte. Ltd. to enhance AI computing infrastructure and application development in Singapore and Southeast Asia [1][2] - The collaboration follows a recent three-year sales contract with HPC AI Technology Pte. Ltd., which generated approximately $443,000 in sales during the initial six-month term [2] - This partnership aims to strengthen high-performance AI computing to support generative AI and enterprise solutions, thereby boosting NetClass's overall sales performance [2][3] Company Developments - The partnership with RunSun Cloud is a strategic milestone for NetClass, following the establishment of its Singapore subsidiary and the relocation of its global headquarters to Singapore [3] - NetClass has also secured $2.4 million in PIPE financing to support AI and blockchain innovation, reinforcing its commitment to advancing global AI applications and long-term business growth in Southeast Asia [3] Leadership Perspective - Dr. Jianbiao Dai, Chairman and CEO of NetClass, emphasized that the collaboration with RunSun Cloud is crucial for accelerating the expansion of NetClass's AI ecosystem and driving innovation in the region [4]
NETCLASS TECHNOLOGY INC Signed Strategic MOU with RunSun Cloud to Advance AI Computing and Application Development in Southeast Asia