Company Strengthens Position in the Robotics Industry with Strategic Partnerships and Comprehensive Service Solutions Across Key Markets
Alset Inc. a diversified company engaged through its subsidiaries in the development of EHome communities and other real estate, financial services, digital transformation technologies, biohealth activities and consumer products with operations in the United States, Singapore, Hong Kong and South Korea, is pleased to announce its strategic foray into the rapidly growing robotics sector, through a stake in Alset Robot Inc. (“Alset Robot”). Alset Robot is majority owned by the Company and certain subsidiaries of the Company, including the Company’s Singapore-based subsidiary Alset International Limited. The Company has set its sights on becoming a force in the robotics industry by delivering service solutions and offering a diverse portfolio of products from established robotics manufacturers.
As part of this initiative, Alset Robot aims to establish strategic partnerships and collaborations with robotics manufacturers. These strategic alliances will drive the expansion of comprehensive marketing and service operations across high-potential markets, strengthening the Company’s goal of becoming a player in the robotics industry.
Alset Robot’s Strategic Approach
Alset Robot’s focus will be centered on:
- Comprehensive Product Offerings: Delivering a comprehensive range of robotics solutions tailored for the domestic and consumer markets, as well as industries including healthcare, logistics, retail, and hospitality.
- Targeted Marketing Strategies: Implementing focused outreach initiatives to enhance market awareness and drive adoption.
- Specialized Service and Support: Providing end-to-end servicing to ensure seamless integration and optimal product performance.
With a vision to transform everyday interactions through advanced robotics, Alset Robot will operate under three distinct lines of business:
1. Service Robots: Featuring products tailored for commercial applications and facility management in sectors like food and beverage, hospitality, office environments, and shopping malls.
2. Humanoid Robots: Focusing on future domestic market robots, Alset Robot plans to partner with leading humanoid robotics developers to bring innovative solutions to households.
3. Companion Robots: Addressing the consumer market for the elderly and children, featuring educational games, interactive storytelling, and social engagement functionalities to promote learning and creativity while providing companionship.
"Our strategic focus on robotics reflects our commitment to bringing the latest innovations to businesses and consumers," said Mr. Chan Heng Fai, Chairman of the Company, "by partnering with leading global brands, we aim to drive widespread adoption of robotics technologies and provide unparalleled service and support across key markets."
With the growing demand for automation and robotics, Alset Robot is positioning itself to meet market needs by providing seamless access to cutting-edge solutions, ensuring businesses can leverage robotics to enhance efficiency and productivity.