ROCKVILLE, Md., Dec. 17,
2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:
AIXI), a leading artificial intelligence company ("Xiao-I"), today
announced significant milestones in expanding its U.S. presence and
delivering impactful technology solutions.
Breakthrough in U.S. Key Clients' Procurement
Programs
Xiao-I has been invited to register for centralized procurement
programs by key clients, marking a critical step in its strategy to
provide AI-driven solutions to US organizations. The inclusion in
these procurement lists underscores the company's commitment to
advancing accessibility and innovation in oversea business
expansions.
"We are honored to be considered for these procurement programs,
which will allow us to bring our AI technology to more communities
in need," said Hui Yuan, CEO of
Xiao-I. "This milestone not only reflects our growth in the U.S.
market but also supports our mission to make life easier for
underserved individuals through accessible solutions."
AI Glasses Driving Inclusion and Accessibility
Xiao-I's AI-powered glasses, launched in August, have been
widely embraced by the market. These glasses leverage advanced AI
to bridge communication gaps, providing life-changing support for
underserved individuals and families.
The company estimates delivering at least 10,000 units in 2025,
generating $12-15 million in new
revenue for the year. These figures represent the company's best
current estimates based on market conditions and anticipated
demand.
Commitment to AI for Good
As part of its mission to harness AI for societal benefit,
Xiao-I focuses on developing technologies that address real-world
challenges. By aligning innovation with accessibility, the company
continues to expand its reach and impact globally.
About Xiao-I Corporation
Xiao-I Corporation is a leading cognitive intelligence
enterprise in China that offers a
diverse range of business solutions and services in artificial
intelligence, covering natural language processing, voice and image
recognition, machine learning, and affective computing. Since its
inception in 2001, the Company has developed an extensive portfolio
of cognitive intelligence technologies that are highly
suitable and have been applied to a wide variety of business cases.
Xiao-I powers its cognitive intelligence products and services
with its cutting-edge, proprietary AI technologies to enable
and promote industrial digitization, intelligent upgrading, and
transformation. For more information, please visit:
www.xiaoi.com.
Forward-Looking Statements
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 ability to achieve its goals and
strategies, the Company's future business development and plans for
future business development, including its financial conditions and
results of operations, product and service demand and acceptance,
reputation and brand, the impact of competition and pricing,
changes in technology, government regulations, fluctuations in
general economic and business conditions in China, and assumptions underlying or related
to any of the foregoing and other risks contained in reports filed
by the Company with the U.S. Securities and Exchange Commission
("SEC"). 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, including under the section
entitled "Risk Factors" in its annual report on Form 20-F filed
with the SEC on April 30, 2024, as
well as its current reports on Form 6-K and other filings, all of
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.
For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com
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SOURCE Xiao I Corporation