FUTURE MACH LTD(01401) has signed a memorandum of understanding with business partners from multiple countries and has received orders totaling approximately 100 million US dollars.
Future Machinery Limited (01401) announced that the group has signed nine memorandums of understanding with reputable telecommunications and mobile distribution companies (business partners) in the United Arab Emirates, the People's Republic of Bangladesh, the Republic of India, the Democratic Socialist Republic of Sri Lanka, and Turkey from October 2025 to January 2026. These partnerships aim to establish long-term strategic partnerships and innovative business models to expand the group's overseas market business.
FUTURE MACH LTD (01401) has announced that the group has signed nine Memoranda of Understanding with reputable telecommunications and mobile distribution companies (business partners) in the United Arab Emirates, Bangladesh, India, Sri Lanka, and Turkey from October 2025 to January 2026. They have established long-term strategic partnerships and innovative business models to expand their overseas market presence.
This collaboration marks a significant step forward in the group's transition from traditional ODM models to providing comprehensive solutions in international marketing strategies. The strategy targets emerging markets with high demand for mobile phones and smart devices due to their large population. Leveraging their expertise in hardware, software, operating systems, AI development, research, and innovation, as well as a comprehensive ecosystem, the group has formed alliances with business partners to introduce their technology and market knowledge in these regions.
According to the Memoranda of Understanding, each party will leverage their strengths and resources to collaborate fully, seizing opportunities and developing shared intellectual property. Additionally, the group will supply mobile phones and smart devices and assist business partners in promoting their product brands and expanding market share in the respective regions. As of the announcement date, business partners have placed orders for 1.5 million mobile phones with a total contract value of approximately $100 million.
To achieve long-term market development in these emerging markets, the group will provide comprehensive support to several business partners in their local production and manufacturing facilities, including testing, engineering support, local R&D, and strategically building a broader ecosystem focusing on smartphones, tablets, IoT AI products, and related categories.
The board believes that establishing strategic partnerships will significantly enhance the group's global visibility and positively contribute to future financial performance and development. According to the Memoranda of Understanding, the group and business partners will jointly develop business and marketing plans to synergize strategies and maximize penetration in emerging markets. Following the orders from business partners, the group expects that the marketing strategies adopted will generate more orders from emerging markets, diversifying the group's global revenue.
Furthermore, the advanced technological expertise and related intellectual property arising from collaboration with business partners will be jointly owned. The board believes that this will further strengthen the group's research and development capabilities, promoting long-term innovation and competitiveness.
Looking ahead, the group will continue to expand their product portfolio in the telecommunications and AI ecosystem, striving to create more value for the group and its shareholders.
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