Ispire Technology, Inc. Secures ODM Relationship with Leading Global E-Cigarette Brand

Core Viewpoint - Ispire Technology Inc. has established a significant ODM relationship with a leading global e-cigarette brand, expecting to supply over 33 million units in fiscal year 2025, with consistent monthly orders of 3 million units generating over $100 million in annual revenue [1][2]. Group 1: Company Overview - Ispire Technology Inc. specializes in the research, development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products [4]. - The company holds or licenses more than 400 patents worldwide and markets its e-cigarette products under the Aspire name globally, excluding the U.S., People's Republic of China, and Russia [4]. - Ispire also engages in ODM relationships with e-cigarette brands and retailers worldwide, expanding its market presence in cannabis vaping products [4]. Group 2: Financial Expectations - The company anticipates receiving monthly purchase orders for 3 million units, which will contribute to over $100 million in annual top-line revenue [2]. - The first shipment of the orders is scheduled for July 2024, with expectations for significant growth in the relationship over the following years [2]. Group 3: Strategic Insights - The confidence shown by the customer in Ispire's ODM business underscores the company's focus on technology and manufacturing expertise [3]. - The supply agreement reflects Ispire's production scale and quality, reinforcing its position as a global leader in e-cigarette device design and manufacturing [3]. - Entering the international e-cigarette ODM space with a reputable partner solidifies Ispire's global nicotine strategy [3].