GUANGZHOU, China, Aug. 31, 2024 /PRNewswire/ — Viomi Expertise Co (NASDAQ:)., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a number one know-how firm for house water options in China, right this moment introduced that each one the situations precedent to the divestment of sure companies and belongings 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 allows the Firm to embrace a brand new mission, “AI for Better Water,” and attempt to make the most of AI know-how to offer higher ingesting 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 Expertise
Viomi’s mission is “AI for Better Water,” using AI know-how to offer higher ingesting water options for households worldwide.
As an industry-leading know-how firm in house 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 substitute and enhances water high quality monitoring, thereby growing the filter substitute charge. Its steady technological improvements lengthen filter lifespan and decrease person prices, selling the adoption of water purifiers and supporting a wholesome life-style whereas successfully addressing the rising world demand for cleaner, brisker and more healthy ingesting 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 allows Viomi to attain 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 accommodates forward-looking statements. These statements are made beneath the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology corresponding to “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and comparable statements. Amongst different issues, the enterprise outlook and quotations from administration on this announcement, in addition to Viomi’s strategic and operational plans, comprise forward-looking statements. Viomi may additionally make written or oral forward-looking statements in its periodic stories 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 staff 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. A variety of components might 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 development methods; the cooperation with Xiaomi (OTC:), the popularity of the Firm’s model; developments and competitors in world IoT-enabled good house market; improvement and commercialization of recent merchandise, companies and applied sciences; governmental insurance policies and related regulatory setting regarding the Firm’s {industry} and/or facets of the enterprise operations and basic financial situations 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 beneath relevant legislation.
For investor and media inquiries, please contact:
In China:
Viomi Expertise Co., LtdClaire JiE-mail: ir@viomi.com.cn
Piacente Monetary Communications Hui FanTel: +86-10-6508-0677
E-mail: viomi@tpg-ir.com
In the US:
Piacente Monetary CommunicationsBrandi PiacenteTel: +1-212-481-2050
E-mail: viomi@tpg-ir.com
