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UTime Subsidiary Lands US$50 Million Smart Server Intent Agreement, Powering Next-Gen Computing Infrastructure
Globenewswire· 2026-02-03 20:45
Core Insights - UTime Limited's subsidiary, Shenzhen Liandai Technology, has signed a Cooperation Agreement with Shenzhen Yunwei Digital for the potential supply of 500,000 smart servers, valued at approximately $50 million [1][3]. Company Overview - UTime Limited is a global technology company focused on the design, development, and manufacturing of mobile devices and smart hardware products, trading under the NASDAQ ticker WTO [5]. Strategic Developments - The Cooperation Agreement signifies UTime's strategic entry into the high-value enterprise and cloud infrastructure sector, marking a significant commercial development for the company [3]. - The GM800 model smart servers, which are part of the agreement, are equipped with the RK3566 chipset, 4GB of RAM, and 128GB of storage, catering to modern computing infrastructure demands [2]. Market Validation - The potential $50 million order is seen as strong market validation of UTime's technological capabilities and manufacturing scale within the competitive smart hardware landscape [3]. Future Prospects - Initial deliveries under the Cooperation Agreement are expected to start by mid-February 2026, with performance continuing through 2027 [4]. - Both parties aim to finalize comprehensive contract terms within the coming weeks, targeting formal contract signing by mid-February 2026 [4].