GUANGZHOU, China, Aug. 31, 2024 /PRNewswire/ — Viomi Know-how Co (NASDAQ:)., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a number one know-how firm for dwelling water options in China, as we speak introduced that each one the circumstances precedent to the divestment of sure companies and property associated to IoT@Dwelling portfolio merchandise, as beforehand introduced on July 19, 2024 (the “Transaction“), have been glad, and the Transaction has efficiently accomplished.
The completion of the Transaction permits the Firm to embrace a brand new mission, “AI for Better Water,” and try to make the most of AI know-how to offer higher consuming water options for households worldwide.
Mr. Xiaoping Chen, Founder and CEO of Viomi, commented: “In the first half of 2024, we achieved preliminary improvements in earnings by rigorously implementing our ‘Focus’ strategy. Going forward, we will primarily focus on our home water solution businesses, fully leveraging the competitive advantages of our Water Purifier Gigafactory. Actively expanding into key overseas markets will advance Viomi’s global strategy, helping us achieve our vision of ‘Global Water.’ We believe this reorganization will further position us to attain sustainable financial health and profitable growth, benefiting our users and shareholders.”
For extra details about the beforehand introduced Transaction, please go to right here.
About Viomi Know-how
Viomi’s mission is “AI for Better Water,” using AI know-how to offer higher consuming water options for households worldwide.
As an industry-leading know-how firm in dwelling water options, Viomi has developed a particular “Equipment + Consumables” enterprise mannequin. By leveraging its experience in AI know-how, clever {hardware} and software program improvement, the Firm simplifies filter alternative and enhances water high quality monitoring, thereby rising the filter alternative fee. Its steady technological improvements lengthen filter lifespan and decrease person prices, selling the adoption of water purifiers and supporting a wholesome way of life whereas successfully addressing the rising international demand for cleaner, brisker and more healthy consuming water. The Firm operates a world-leading “Water Purifier Gigafactory” with an built-in industrial chain that boasts optimum effectivity and facilitates steady breakthroughs in water purification. This state-of-the-art facility permits Viomi to realize economies of scale and speed up the worldwide popularization of residential water filtration.
For extra info, please go to: https://ir.viomi.com.
Protected Harbor Assertion
This announcement comprises forward-looking statements. These statements are made below the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements might be recognized by terminology similar to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and related statements. Amongst different issues, the enterprise outlook and quotations from administration on this announcement, in addition to Viomi’s strategic and operational plans, include forward-looking statements. Viomi may make written or oral forward-looking statements in its periodic studies to the United States Securities and Alternate Fee (the “SEC“), in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or workers to Fourth events. Statements that aren’t historic information, together with statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Quite a few components may trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: the Firm’s progress methods; the cooperation with Xiaomi (OTC:), the popularity of the Firm’s model; tendencies and competitors in international IoT-enabled good dwelling market; improvement and commercialization of latest merchandise, companies and applied sciences; governmental insurance policies and related regulatory atmosphere regarding the Firm’s {industry} and/or features of the enterprise operations and basic financial circumstances in China and across the globe, and assumptions underlying or associated to any of the foregoing. Additional info concerning these and different dangers is included within the Firm’s filings with the SEC. All info offered on this press launch and within the attachments is as of the date of this press launch, and the Firm undertakes no obligation to replace any forward-looking assertion, besides as required below relevant regulation.
For investor and media inquiries, please contact:
In China:
Viomi Know-how Co., LtdClaire JiE-mail: ir@viomi.com.cn
Piacente Monetary Communications Hui FanTel: +86-10-6508-0677
E-mail: viomi@tpg-ir.com
In america:
Piacente Monetary CommunicationsBrandi PiacenteTel: +1-212-481-2050
E-mail: viomi@tpg-ir.com
