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Media OutReach

Mirai Bridge Capital Strengthens Trade Finance Solutions with NCI Partnership

Collaboration combines Mirai Bridge Capital’s financing expertise with NCI’s trade credit insurance to deliver secure, growth-driven solutions for businesses across Asia. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 4 September 2025 – Mirai Bridge Capital Sdn Bhd (“MBC”), a fast-growing private equity management company, has signed a Collaboration Agreement with NCI Malaysia Sdn Bhd (“NCI”) to expand into trade credit facilities for businesses in Malaysia and across Asia. The agreement marks a major step toward building a more resilient and secure regional financing ecosystem. A commemorative photo taken after the Collaboration Agreement signing between Mirai Bridge Capital and NCI Malaysia. As a specialist in fund management, receivables financing, and trade finance solutions, Mirai Bridge Capital is dedicated to helping businesses unlock working capital, manage risk, and grow with confidence in today’s challenging economy. MBC’s solutions are designed to provide transparent financing, secure structures, and growth-driven strategies that empower both SMEs and corporates. Through the new partnership, NCI will provide trade credit insurance to mitigate non-payment risks, while MBC delivers the funding structures and receivables platform. Together, the collaboration strengthens cash flow, protects against buyer defaults, and supports expansion across borders. “This partnership reflects Mirai Bridge Capital’s vision of becoming a leading force in trade finance across the region,” said Jack Ong Kooi Tatt, Director and CEO of Mirai Bridge Capital. “By combining our financial expertise with NCI’s credit risk insurance, we’re providing businesses with a complete solution that builds confidence and drives growth.” Benefits for Businesses Trade credit facilities backed by insurance protection Receivables financing to improve liquidity and cash flow Exclusive model keeping MBC as the central financial partner Regional trade support for SMEs and corporates Hashtag: #TradeFinance #MalaysiaBusiness #SMEGrowth #BusinessResilience #CashFlowSolutions #ASEANTrade #StrategicPartnership #FinanceInnovation https://miraibridgecapital.com/ The issuer is solely responsible for the content of this announcement. Mirai Bridge Capital Sdn Bhd Mirai Bridge Capital Sdn Bhd is a specialist in fund management, receivables financing, and trade finance solutions, committed to helping businesses unlock working capital, manage risk, and grow with confidence in today’s challenging economy. Our solutions are built on transparent financing, secure structures, and growth-driven strategies, empowering both SMEs and corporates to strengthen cash flow, protect against uncertainty, and achieve sustainable expansion across Malaysia and the wider Asian region. About NCI Malaysia Established in 2019, NCI Malaysia is part of the National Credit Insurance (NCI) Group, a leading broker headquartered in Australia with operations in Australia, New Zealand, Singapore, and Malaysia. With 15 years of combined local experience, NCI specializes in: Trade Credit Insurance Credit Risk Management Commercial Collections Specialty Risk Services NCI’s solutions protect businesses from bad debts and strengthen financial resilience — complementing Mirai Bridge Capital’s mission to deliver innovative and sustainable trade finance strategies.

Media OutReach

Zhejiang-based Global New Material International Expands Overseas: Hangzhou Becomes a New Starting Point for the China-German Industrial Synergies

HONG KONG SAR – Media OutReach Newswire – 4 September 2025 – Against the backdrop of West Lake, where the reflections of water meet the glow of technology, Global New Material International Holdings Limited (“Global New Material International”) officially completed the acquisition of the global Surface Solutions business (Susonity) from Merck KGaA and inaugurated its Asia-Pacific headquarters in Tonglu, Hangzhou. This €665 million cross-border acquisition is not only the largest cross-border transaction in China’s pearlescent materials industry, but also a critical step for Zhejiang-based companies in deeply integrating into the global industrial chain and reshaping their influence in the global value ecosystem. The ceremony, themed “As One We Rise, Together We Shine”, began with an AI-powered animated countdown. Virtual imagery merged seamlessly with the physical stage, as laser beams and captivating lighting intertwined to form an exciting global network — a vivid embodiment of Global New Material’s corporate philosophy: “Driven with Technology, Growing with the World.” In the highly symbolic “map lighting” segment, distinguished guests jointly commenced the ceremony. Through a digital map display, the guests lit up China, Germany, and multiple core business hubs across the Asia-Pacific region. The light beams, connecting the markets one by one, brought to life a strategic blueprint of real-time global connectivity, industrial-financial synergy, and a vision of global synergies powered by technology. Zhejiang is one of China’s most vibrant and international provinces. As a Zhejiang-based company, Global New Material International aims to integrate German technology, China’s market, and Asia-Pacific manufacturing efficiency, achieving true global operations through this acquisition. This epitomizes Zhejiang companies’ pursuit of synergetic development. In his speech, Su Ertian, Chairman and CEO of Global New Material International, emphasized that the acquisition is not only a milestone in the company’s global strategy but also a turning point for China’s materials industry – moving from “technology followers” to “value co-creators.” “We are integrating not just technology, capacity, and channels, but building an innovation ecosystem that transcends cultures and geographies,” he said. Johannes Baillou, Chairman of the Merck family board, spoke highly of this China-German business collaboration. From “going out” to “going deep”, Zhejiang entrepreneurs are actively navigating global industrial shifts. As a hub of the Yangtze River Delta’s open economy, Zhejiang companies have moved beyond the early stage of simply exporting products, entering a new phase of “systemic globalization” driven by capital, technology, and branding. This acquisition stands out to be the epitome of Zhejiang firms leveraging cross-border transactions to acquire critical technologies and expand market networks. It signals that Chinese companies are no longer just providers of capital, but leaders in technology integration and strategic upgrading. At the “Global Development and Cross-Border Integration Forum” held in the afternoon, Chairman Su and several experts discussed the overhaul of the global materials industry value chain. The forum focused on topics such as co-creation of technology, compliance management, and cultural integration – sending a clear message of confidence: Chinese companies are evolving from a participant in globalization to setting global standards. Notably, this acquisition follows Global New Material International’s purchase of South Korea’s CQV in 2023, marking another step in its external growth strategy. The company is building a global supply chain network with Europe as the technology hub and Asia-Pacific as the efficiency center, creating the “China-Europe dual engine with Asia-Pacific synergy”. As the lights dimmed and the forum concluded, the event – which blended technology, industry, and culture – came to an end. However, Global New Material International’s global integration journey has only just begun. From the Qiantang River to the Rhine, from “exporting products” to “building global ecosystems”, Zhejiang entrepreneurs are proving through pragmatic and profound international practices that the global development of Chinese companies is not a one-way expansion, but a mutually beneficial journey of multi-cultural exchange and multi-market advancement. The event was attended by hundreds of business and financial industry leaders from China and abroad. Hashtag: #GlobalNewMaterialInternational The issuer is solely responsible for the content of this announcement.

Media OutReach

World Football Summit Makes Future-defining Debut in Hong Kong

Football legends and leaders amazed by the city’s dim sum and stunning Victoria Harbour views on top of Hong Kong’s potential as a global sporting hub for industry advancement HONG KONG SAR – Media OutReach Newswire – 4 September 2025 – Hong Kong, has established itself as Asia’s premier showcase for football, having held a series of high-profile events – from Manchester United Tour of Asia 2025 in May to the Hong Kong Football Festival 2025 in July, that welcomed four of the world’s top football clubs, Liverpool FC, AC Milan, Arsenal and Tottenham Hotspur, and most recently The Saudi Super Cup in August, where Cristiano Ronaldo swelled football fandom, not only in the city but across the region. Football craze reached a fever pitch in town as the World Football Summit (WFS) made Hong Kong the destination for its Asia expansion. Bringing investors, innovators and passionate fans gathered at AsiaWorld-Expo on September 3-4, 2025, rubbing shoulders with iconic players such as former England and Manchester United captain Rio Ferdinand, former Chelsea and England captain John Terry and Croatia’s all-time top scorer Davor Šuker. Mr Anthony Lau, Hong Kong Tourism Board (HKTB)’s Executive Director, said, “The World Football Summit is one of the world’s most influential football conventions. Being the host city, Hong Kong demonstrates its increasingly influential role on the global sports scene as an ideal host city for both sports events and MICE events for the sports industry. HKTB also extended its warm hospitality by thoughtfully arranging immersive tours of Hong Kong for the visiting football legends and Summit guests, enriching their business travel experience. We will continue to bring more large-scale international MICE events to Hong Kong, so as to attract more high-yield, overnight MICE visitors to the city.” Hong Kong – Destination of choice for Global Expansion Applauded for Strategic Super-connector Advantages At WFS, future-shaping insights from the industry’s senior executives and thought-leaders were shared, covering international expansion, Asia’s growing influence in the global game, youth development, grassroots pathways, digital transformation, investment, technology, AI, sustainability and community impact. Football icons and global decision-makers of the sport also scored exceptional results in charting the business future of the sport, while fan engagement was kicked into high gear through an energy-filled football festival for all. Jan Alessie, Co-Founder and Managing Director of WFS, hailed Hong Kong as the most strategic choice for the summit’s Asia expansion. “With our debut in Hong Kong, we’re not only bringing that same energy to Asia – we’re building a platform for long-term collaboration, investment, and innovation in the region’s game. We believe Hong Kong can become a bridge between East and West for football, driving growth and unlocking new opportunities for the game across the region.” Hong Kong’s Dim Sum and Stunning Skyline Captured Football Legends’ Hearts Beyond impactful discussions and high-level business networking, WFS VIPs and football legends – Rio Ferdinand, Former England & Manchester United captain, Fabio Capello Legendary Italian football manager, Marian Otamendi, CEO World Football Summit, and Jan Alessie, Co-Founder and Managing Director World Football Summit were treated to classic Hong Kong experiences, courtesy of the HKTB. They had a close encounter with Hong Kong’s iconic skyline by taking a ride on the city’s historic tram and an open-top bus, savoured traditional dim sum through a personalised hospitality experience. Rio Ferdinand, returning to Hong Kong once again, shared that his previous visits to Hong Kong with the team were mostly for work and football matches, leaving few opportunities to explore the city or enjoy its cuisine, while, he can take in the city’s scenery this time and discover the treasures of the city, “I’ve never been to the Peak before so it’s good to see it, it’s been so amazing, it’s good.” He also praised Hong Kong’s cuisine, “The food is lovely in lunch time, we had roasted groose, which was a traditional dish, it’s really nice.” Ferdinand said he enjoys the hustle and bustle of the city and hopes to try more local snacks and street food. “The Victoria Peak is a must for visitors coming to Hong Kong. This is really something that you don’t see anywhere else in the world. I heard about Hong Kong’s beautiful beaches and mountains and hope to explore it on a future visit; I’d like my family to come over because this is really something they have to see.” said Marian Otamendi. Organised by WFS and ASIA PARTNERS IFBD Limited (IP owner of CR7® LIFE Museum and CR7® LIFE stores), with the support of The Football Association of Hong Kong, China (HKFA) and the active participation of FIFA and the Asian Football Confederation (AFC), the event reinforces Hong Kong’s status as a world-class destination for major sports events. “This event is a powerful declaration of Hong Kong’s global standing in sports, culture, and business,” added Filipe Gonçalves from ASIA PARTNERS IFBD Limited. “With the invaluable support of the Hong Kong Tourism Board and The Football Association of Hong Kong, China, we are not merely staging a conference; we are actively building a lasting legacy that harnesses the unique power of football to unite communities and unlock global opportunities right here in Asia.” Hashtag: #WFS #WorldFootballSummit #HongKong #HongKongTourismBoard https://www.linkedin.com/company/meetings-exhibitions-hong-kong The issuer is solely responsible for the content of this announcement.

Media OutReach

SNP Opens New Asia-Pacific Headquarters in Singapore to Power Data Transformation and Accelerate Regional Growth

SNP has opened its new Asia-Pacific headquarters in Singapore, strengthening its presence and commitment to the region. The company delivered more than 50 successful go-lives in Asia Pacific last year, all completed on time and without disruption. SNP’s targeted approach to SAP modernization helps enterprises reduce costs, accelerate time-to-value, and unlock AI-driven growth. HEIDELBERG, GERMANY & SINGAPORE – Media OutReach Newswire – 4 September 2025 – SNP Group, a leading software provider for digital transformation, automated data migration, and data management in SAP environments, today announced the opening of its new Asia-Pacific headquarters at Asia Square in Singapore. This milestone reflects SNP’s growing momentum in the region and its strategic commitment to helping enterprises modernize their business systems with speed and precision. The announcement follows SNP’s recent Transformation World 2025 event in Heidelberg, Germany, where the company presented new capabilities of its Kyano platform. Customer projects at the event demonstrated how Kyano is enabling large-scale SAP and non-SAP transformations efficiently, minimizing disruption while delivering measurable business impact. From SNP Transformation World 2025 – Jens Amail “Our move to Asia Square signals more than growth—it underlines our strategy to be closer to customers and partners in one of the most dynamic regions of the world,” said Phillip Miltiades, President and Managing Director of SNP Asia Pacific & Japan. “We are investing in scalable and sustainable business growth across JAPAC, with a clear focus on people, partnerships, and customer success. By removing risk, eliminating disruption, and enabling fast, clean, and cost-effective modernization, we are helping enterprises unlock the full potential of their data.” The new Singapore headquarters consolidates SNP’s regional go-to-market, delivery, and support functions, while also serving as a hub for talent development and customer engagement. “Change is a constant in our business, and our ability to execute quickly is what makes us easier to do business with,” Miltiades added. “Having the right people focused on customer outcomes allows us to help them reach their goals faster.” SNP’s impact in the region is already evident, with more than 50 successful go-lives in Asia Pacific in the last 12 months, each on time, uninterrupted, and delivering immediate business value. Customers are leveraging SNP’s Kyano platform to enable AI-powered processes that improve productivity, accuracy, and decision-making. Enterprises in Asia Pacific are moving beyond traditional IT upgrades, seeking modernization that delivers measurable business agility. SNP supports this shift through its composable enterprise approach, allowing systems to be rapidly reconfigured to meet changing needs. With its new home in Singapore at Asia Square, SNP is poised to accelerate Asia’s digital modernization journey, helping enterprises understand their data, transform their SAP landscapes, and build greater resilience and agility for the future. Hashtag: #SNP https://www.snpgroup.com/ The issuer is solely responsible for the content of this announcement. About SNP SNP (ticker: SHF.DE) is the global technology platform leader and trusted partner for companies seeking unparalleled data-enabled transformation capabilities and business agility. SNP’s Kyano platform integrates all necessary capabilities and partner offerings to provide a comprehensive software-based experience in data migration and management. Combined with the BLUEFIELD approach, Kyano sets a comprehensive industry standard for restructuring and modernizing SAP-centric IT landscapes faster and more securely while harnessing data-driven innovations. The company works with more than 3,000 customers of all sizes and in all industries in over 80 countries, including numerous DAX 40 and Fortune 500 companies. The SNP Group has more than 1,600 employees worldwide at over 36 locations in 23 countries. The company is headquartered in Heidelberg, Germany, and generated revenues of EUR 254,8 million in the 2024 fiscal year. More information is available at www.snpgroup.com

Property

Luxchem Acquires Industrial Land For RM41 Million

PETALING JAYA, Luxchem Corp Bhd is set to acquire three parcels of freehold industrial land totaling 24,206 sq metres in Bandar Bukit Raja Industrial Park, Selangor, from Sime Darby Property (Bukit Raja) Sdn Bhd for RM40.55 million. In a filing with Bursa Malaysia, the plastics materials and resin manufacturing company said the acquisition aligns with the group’s capital optimisation strategy and prudent cash management approach. The company added that the land purchase will support its long-term operational expansion, allowing Luxchem to enhance production capacity and improve supply chain efficiency. The parcels are strategically located within a well-developed industrial hub, providing easy access to logistics networks and infrastructure critical for manufacturing activities. Luxchem noted that the acquisition is expected to be funded through a combination of internal cash reserves and bank financing, without materially affecting the company’s gearing or cash flow position. Industry analysts say the move reflects Luxchem’s strategy to strengthen its manufacturing footprint in Malaysia amid growing demand for plastics and resin products in both domestic and export markets. The acquisition also positions the company to explore potential future development or facility upgrades on the site. The transaction is subject to regulatory approvals and is expected to be completed in the coming months, further cementing Luxchem’s commitment to sustainable growth and operational excellence.

Energy & Technology

Edotco Gets Sri Lanka’s First Telecom Infrastructure License

KUALA LUMPUR, Edotco Group Sdn Bhd’s subsidiary, Edotco Services Lanka (Private) Ltd, has been granted Sri Lanka’s first telecommunications infrastructure services licence by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL). In a statement on Wednesday, Edotco said the initiative aims to fast-track Sri Lanka’s digital transformation through improved infrastructure, digital skills development, and a stronger legislative framework to support the growth of its digital economy. Digital Economy Deputy Minister Eranga Weeraratne (second left) presenting Sri Lanka’s first telecom infrastructure services license to Edotco Sri Lanka country managing director Gayan Koralage (left). The licence allows Edotco to provide a full range of infrastructure services critical to national connectivity, covering both passive and active solutions. These include tower and pole structures, fibre networks, indoor coverage systems such as IBS and small cells, as well as other active network components essential to the country’s digital ecosystem. Edotco Sri Lanka country managing director Gayan Koralage said the licence reflects confidence in the group’s expertise and reinforces its commitment to advancing Sri Lanka’s connectivity landscape. “As a licensed provider, Edotco will act as a trusted partner for mobile operators and government stakeholders to deliver reliable, high-quality infrastructure, ensuring inclusive connectivity for all communities. With the country requiring over 7,000 new towers to meet 5G demand and data usage projected to quadruple by 2028, Edotco is well-positioned to address this gap,” he said. Edotco is one of Asia’s leading digital connectivity infrastructure providers, managing a portfolio of more than 58,000 towers across nine markets: Malaysia, Bangladesh, the Philippines, Indonesia, Cambodia, Pakistan, Myanmar, Sri Lanka, and Laos.

News

France Fines Shein €150 Million Over Data Privacy Breach

PARIS, Global fast-fashion giant Shein has been hit with a hefty €150 million (RM761 million) fine from France’s data protection authority for violations of the European Union’s General Data Protection Regulation (GDPR). The Commission Nationale de l’Informatique et des Libertés (CNIL) announced the penalty after investigations revealed that Shein failed to adequately safeguard customer data and did not comply with key GDPR requirements. According to CNIL, the company’s practices exposed millions of European users to privacy risks, including insufficient measures to prevent data breaches and lapses in providing customers with clear information about how their personal data was collected and used. The fine represents one of the largest penalties issued by CNIL in recent years, highlighting Europe’s tougher stance on protecting consumer privacy and holding companies accountable for mishandling personal data. Shein, which has seen rapid growth across Europe in recent years, said it is reviewing the authority’s decision and will continue to strengthen its data protection policies. The case underscores increasing scrutiny faced by global tech-driven retailers operating in Europe, where regulators have stepped up enforcement of data privacy rules under GDPR.

Energy & Technology

European EMS Player Scanfil Invests RM15.8m In Johor Plant Upgrade

KUALA LUMPUR, Scanfil plc, Europe’s largest publicly listed electronics manufacturing services (EMS) provider, has invested RM15.8 million to expand and upgrade its Johor Bahru facility operated by SRX Global (Malaysia) Sdn Bhd, according to the Malaysian Investment Development Authority (MIDA). From left: Paul Appleby (Former CEO of SRX Global), Christina Wiklund (Chief Commercial Officer & VP of Americas), Christian Kesten (Vice President of APAC), Christophe Sut (CEO of Scanfil Group), Jarrko Takanen (Major shareholder), Mohamad Reduan Mohd Zabri (Director of MIDA Johor), Maiju Lepomaki (Deputy Head of Mission, Embassy of Finland Kuala Lumpur), Mohamed Farid Mohamed Razali (Senior Advisor, Business Finland). In a statement on Wednesday, MIDA said the expansion will boost Scanfil’s production capacity by nearly 50% and strengthen the group’s Asia-Pacific operations, which also include a plant in Melbourne, Australia. Prior to the upgrade, the Johor Bahru site operated four automated surface mount technology (SMT) lines with a workforce of 170. Scanfil group chief executive officer Christophe Sut said the investment underscores Malaysia’s pro-business environment and the company’s long-term commitment to Johor. “We see strong growth opportunities, particularly in the industrial, medical technology, and life sciences sectors,” he said. The modernised facility features an enlarged production area, integrated end-to-end electronics manufacturing capabilities, and the potential to expand its headcount beyond the current workforce. MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid welcomed the investment as a significant boost to Malaysia’s high-value manufacturing ecosystem. “This project will bring in advanced technologies, create skilled jobs, and enhance innovation and sustainability across the electronics supply chain,” he said. He added that the initiative aligns with the objectives of the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS), both of which aim to strengthen Malaysia’s role in the global electronics and semiconductor sector while enhancing long-term supply chain resilience. Headquartered in Finland, Scanfil posted €780 million (RM3.8 billion) in revenue for 2024. The group operates 11 production facilities across four continents and has served global clients for over 40 years.

Investment & Market Trends

Sunway Eyes Early 2026 IPO Of Healthcare Division With Share Dividend For Investors

KUALA LUMPUR, Sunway Bhd has unveiled plans to list its healthcare arm, Sunway Healthcare Holdings Bhd (SHH), by early 2026, with the exercise also involving a share dividend distribution to its shareholders. Ahead of the proposed IPO of up to 1.97 billion new and existing shares, SHH will undertake a share split, converting each share into nine shares. This will expand its share base from 1.2 billion to 10.9 billion without altering its current valuation of RM2.2 billion. SHH is 84%-owned by Sunway via Sunway City Sdn Bhd (SunCity), while the remaining 16% is held by Singapore’s Greenwood Capital Pte Ltd. Following the share split, SunCity will distribute its SHH holdings to Sunway as a special dividend, which Sunway intends to pass on to its shareholders at a ratio of one SHH share for every 10 Sunway shares. The IPO, subject to regulatory approval, will comprise up to 575 million new shares and 1.4 billion existing shares, representing as much as 17.2% of SHH’s equity. Proceeds from Sunway’s portion of the sale will be used to reduce borrowings, support working capital and cover listing expenses. SHH’s portion will be channelled towards hospital expansion, new developments, partial redemption of Islamic medium-term notes, and IPO-related costs. Post-listing, Sunway is expected to retain a 69.5% stake in SHH through SunCity. The group noted that the exercise would unlock value, provide SHH direct access to capital markets, and strengthen its financial flexibility while reinforcing its position as a leading private healthcare provider in Southeast Asia. SHH currently operates five hospitals with a combined 1,662 licensed beds, led by its flagship Sunway Medical Centre in Subang Jaya. Its portfolio also includes hospitals in Cheras, Penang, Damansara and Ipoh, alongside services in ambulatory care, fertility, traditional and complementary medicine, home care and senior living. Expansion plans are underway, including hospitals in Seremban, Iskandar Puteri and Putrajaya, as well as a fertility centre in Kota Bharu. These projects are expected to more than double SHH’s capacity to over 3,400 beds by 2032. For FY2024, SHH reported a net profit of RM257.5 million on revenue of RM1.85 billion, compared with RM181.6 million and RM1.46 billion respectively in FY2023. Adjusted Ebitda rose to RM458.5 million from RM380.8 million. Maybank Investment Bank and AmInvestment Bank are joint advisers for the IPO. Sunway’s shares eased two sen or 0.40% to RM4.92 at Friday’s midday break, giving the group a market capitalisation of RM30.85 billion. Year to date, the counter has gained 4.02%.

Energy & Technology

China’s Unitree Robotics Plans IPO Filing This Year

HANGZHOU, Unitree Technology Co, one of China’s leading robotics developers, announced it will file documents to list on a domestic stock exchange as early as next month, potentially giving investors their first detailed look at its financial performance. The Hangzhou-based company said on X (formerly Twitter) on Tuesday that it plans to submit filings on its operations to the exchange between October and December. Unitree had already submitted a pre-listing application in July, though the firm did not disclose which bourse it intends to pursue. Unitree gained significant attention in February when founder Wang Xingxing appeared alongside prominent Chinese entrepreneurs at a high-profile meeting with President Xi Jinping. The company has since become one of China’s most talked-about robotics firms, with its machines showcased in demonstrations ranging from marathon running to logistics assistance. Wang said in June that annual revenue had surpassed RMB1 billion (RM590 million). While widespread consumer adoption of bipedal robots remains distant, several Chinese companies — including Shenzhen-based Leju Robotics and UBTech Robotics Corp — have already deployed humanoid machines in electric vehicle factories for tasks such as moving boxes and sorting materials. Unitree, however, stressed that its focus remains on civil applications. The company sought to distance itself from viral footage last year showing robot dogs being used in Chinese military drills. In a separate statement on Tuesday, it added that it has since patched a security vulnerability identified in its Go1 robotic dog models following reports of potential hacking risks.

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