CHANGZHOU, China, Oct. 5, 2023
/PRNewswire/ -- EZGO Technologies Ltd. (Nasdaq: EZGO) ("EZGO" or
the "Company"), a leading short-distance transportation solutions
provider in China, today announced the delivery of 10
state-of-the-art security patrol robots (the "Robots") to PIESAT
Information Technology Co., Ltd. (SHA: 688066)("PIESAT"), a
China-based company mainly engaged
in the provision of remote sensing and Beidou navigation satellite
application services, pursuant to a procurement agreement, dated as
of January 15, 2023, by and between
the Company and PIESAT (the "Procurement Agreement"). Under
the Procurement Agreement, PIESAT agreed to purchase 10 Robots for
RMB11 million (approximately US
$1.5 million).
The Company believes that this transaction demonstrates its
strong R&D and manufacturing capabilities. The Robots feature
several state-of-the-art functions, including self-navigation, live
video streaming, proficient face and license plate detection, vocal
notifications, an emergency SOS button, self-charging capabilities,
infrared vision, and are fully compatible with smart patrol
systems. This suite of features reinforces the Company's efforts to
advancements in short-distance transport solutions.
Mr. Jianhui Ye, Chairman and
Chief Executive Officer of the Company, commented, "This successful
delivery once again showcases our steadfast dedication to
innovation and our prowess in timely contractual deliveries. It
further solidifies our position and drives us to remain at the
forefront of smart transportation solutions. The engagement with
PIESAT also indicates the successful execution of our marketing
strategy of appealing to and growing sales to a more diversified
group.
We look forward to securing more contracts in the future,
delivering exceptional value to our clients, and, as a result,
creating substantial value for our shareholders."
About EZGO Technologies Ltd.
Leveraging an Internet of Things (IoT) product and service
platform and two e-bicycle brands, "EZGO" and "Cenbird," EZGO has
established a business model centered on the manufacturing and sale
of two-and three-wheeled electric vehicles, lithium batteries,
complemented by the e-bicycle charging pile business. For
additional information, please visit EZGO's website
at www.ezgotech.com.cn. Investors can visit the "Investor
Relations" section of EZGO's website
at www.ezgotech.com.cn/Investor.
Safe Harbor Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate," or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the growth of the
short-distance transportation solutions market
in China and the other international markets the Company
plans to serve; reputation and brand; the impact of competition and
pricing; government regulations; fluctuations in general economic
and business conditions in China and the international
markets the Company plans to serve and assumptions underlying or
related to any of the foregoing and other risks contained in
reports filed by the Company with the Securities and Exchange
Commission (the "SEC"), including the Company's most recently filed
Annual Report on Form 20-F and its subsequent filings. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The
Company undertakes no obligation to publicly revise these
forward-looking statements to reflect events or circumstances that
arise after the date hereof.
Investor Relations Contact
Ascent Investor Relations LLC
Tina Xiao
Presiden
Phone: +1 646-932-7242
Email: investors@ascent-ir.com
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SOURCE EZGO Technologies Ltd.