EZGO Enters into an RMB13 Million Procurement Agreement for Sale of Security Patrol Robots and Platform

Core Viewpoint - EZGO Technologies Ltd. has entered into a procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd. for the sale of twelve security patrol robots and one intelligent patrol platform, totaling approximately RMB 13.46 million (around US$1.84 million), highlighting the company's strong R&D and manufacturing capabilities [1][2][3]. Group 1 - The procurement agreement stipulates that the delivery and installation of the products will be completed within 9 months [2]. - The security patrol robots feature advanced technologies such as self-navigation, live video streaming, face and license plate detection, vocal notifications, an emergency SOS button, self-charging capabilities, and infrared vision, enhancing EZGO's position in short-distance transport solutions [2][4]. - The sale is expected to help EZGO expand its business with Huiyu Group and secure sustained orders in other industrial parks managed by Huiyu [3][4]. Group 2 - The transaction reinforces the successful execution of EZGO's marketing strategy aimed at diversifying its customer base and increasing sales [4]. - EZGO has previously delivered 10 robots to PIESAT Information Technology Co., Ltd. in September 2023, indicating a positive sales momentum [3]. - The robots purchased will be utilized for intelligent security patrols in Huiyu Intelligent Innovation Park, which spans a gross floor area of 189,564 square meters [3]. Group 3 - EZGO operates a business model focused on the design, manufacturing, and sale of two- and three-wheeled electric vehicles, intelligent robots, and related accessories [5]. - The company leverages an Internet of Things (IoT) product and service platform to enhance its offerings in the transportation solutions market [5].