HONG
KONG, Aug. 26, 2024 /PRNewswire/ -- Intelligent
Living Application Group Inc. (NASDAQ: ILAG) ("Intelligent Living"
or the "Company"), a premium lockset manufacturer in Hong Kong, announced today that, on
August 26, 2024, the Company entered
into a strategic cooperation agreement with Specifix Limited
("Specifix"), one of the leading companies in artificial
intelligence assisted robotics research and development in
Hong Kong.
Specifix deploys its artificial intelligence ("AI") assisted
robotics research and development for construction and industrial
engineering services and technology. This cooperation underscores
our commitment to enhance our technological capabilities for new
product development which will expand our market presence.
Specifix is at the forefront of innovation and deployment of AI
robotics in the construction industry, with notable projects such
as the deployment of AI automated drilling robot, AI automated
welding and cutting robot arm designed for building construction
sites and industrial process. The AI algorithms can be coded for
major AI robot arm manufacturers' products adaptive to major
industrial applications.
Specifix's innovative approach and advanced technology align
with our strategic goal for development of smart locks and smart
home security devices. This cooperation will enable us to leverage
Specifix's solution technologies to enhance our research and
development abilities, and even new AI automated industrial
production process to help improve the efficiency and precision for
production, reduce manual labor and improve safety.
We believe this cooperation will strengthen our position in the
construction market and pave the way for future advancements in
development of smart locks and smart home security devices and
production process for our products.
About Intelligent Living Application Group Inc.
Intelligent Living Application Group Inc. ("ILAG") is a premium
lockset manufacturer headquartered in Hong Kong. It manufactures and sells high
quality mechanical locksets to customers mainly in the United States and Canada and has continued to diversify and
refine its product offerings in the past 40 years to meet its
customers' needs. ILAG has obtained the ISO9001 quality assurance
certificate and various accredited quality and safety certificates
including American National Standards Institute (ANSI) Grade 2 and
Grade 3 standards that are developed by the Builders Hardware
Manufacturing Association (BHMA) for ANSI. ILAG keeps investing in
self-designed automated product lines, new craftsmanship and
developing new products including smart locks and smart home
security devices. For more information, visit the Company's website
at http://www.i-l-a-g.com/.
Forward-Looking Statements
Certain statements in this announcement are forward-looking
statements. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company's
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. Investors can
identify these forward-looking statements by words or phrases such
as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "is/are likely to," "potential,"
"continue" or other similar expressions. The Company undertakes no
obligation to update or revise publicly any forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and the
Company cautions investors that actual results may differ
materially from the anticipated results and encourages investors to
review other factors that may affect its future results in the
Company's registration statement and other filings with the SEC,
which are available for review at www.sec.gov.
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SOURCE Intelligent Living Application Group Inc.