EZGO Enters Into A $1.84M Procurement Agreement For Sale Of Security Patrol Robots And Platform
Portfolio Pulse from Benzinga Newsdesk
EZGO Technologies Ltd. (NASDAQ:EZGO) has entered into a $1.84 million procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd. for the sale of twelve security patrol robots and one intelligent patrol platform. This agreement highlights EZGO's strong R&D and manufacturing capabilities in the short-distance transportation solutions sector in China. The company is expected to complete delivery and installation within 9 months, showcasing advanced features like self-navigation and live video streaming. This deal is anticipated to expand EZGO's business with Huiyu Group and secure sustained orders, reinforcing its position in smart transportation solutions.
April 12, 2024 | 12:03 pm
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EZGO Technologies Ltd. has secured a significant procurement agreement worth $1.84 million for security patrol robots and a platform, indicating strong market recognition and potential revenue growth.
The procurement agreement with Hangzhou Huiyu Zhichuang Industrial Co., Ltd. for $1.84 million not only demonstrates EZGO's strong R&D and manufacturing capabilities but also its potential for revenue growth and market expansion. This deal, by showcasing EZGO's ability to secure significant contracts and expand its customer base, is likely to have a positive short-term impact on EZGO's stock price. The inclusion of advanced features in the robots and the platform further solidifies EZGO's position in the smart transportation solutions market, potentially attracting more customers and contracts.
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