HWH International Inc. (“HWH”) (Nasdaq: HWH) is proud to announce
its plans to begin its marketing efforts in the U.S. in the first
quarter of 2025.
The Company’s wholly owned subsidiary, Hapi
iRobot Pte. Ltd. has entered into a strategic partnership with
Sharing Service Global Corporation (OTC: SHRG) to establish a
dedicated showroom in conjunction with the recently announced
Distribution Rights Agreement HWH has entered into with Guangzhou
Inbot Technology Ltd. As part of this agreement SHRG will establish
a U.S. based sales force with various partners in each sector of
the robotics space to market, sell, and lease these unique products
throughout the U.S. and Canada. These sectors will include but will
not be limited to state-of-the-art service robots offering
solutions for reception, delivery, security, cleaning, and table
service applications. Inbot, a renowned service robot research and
development company will provide a comprehensive suite of service
robots designed to enhance operational efficiency and customer
engagement.
Robot-as-a-Service (RaaS)
Model
The RaaS model offers subscription-based
robotics solutions that transform how businesses operate across
industries, including hospitality, food and beverage, retail,
shopping malls, healthcare, and education. “This partnership gives
us the opportunity to penetrate the U.S. and Canadian market
quickly, as SHRG has the infrastructure in place to start
immediately marketing the products starting in the 1st quarter of
2025,” said Mr. Heng Fai Chan, Chairman of HWH International Inc.
“With the growing demand for automation and service efficiency, our
RaaS model enables businesses to access state-of-the-art robots
without the heavy upfront investment.”
HWH RaaS Key Features:
HWH’s RaaS offering includes a diverse range of
service robots tailored to meet industry-specific needs
industries:
-
Flexibility: Scalable robotic services based on
demand, ensuring cost-effectiveness.
-
Comprehensive Support: Ongoing maintenance and
software updates allow clients to focus on core operations.
-
Customization: Robots can be tailored to address
the unique requirements of different industries and
businesses.
Driving Market Growth
The Robotics as a Service
(RaaS) Market is projected to
grow significantly, with market size expected to expand from USD
$8.19 billion in 2023 to USD $63.24 billion by 2032, at a CAGR of
25.5% during the forecast period (2024–2032), according to Market
Research Future.
About Guangzhou Inbot Technology
Ltd.
Established in 2013, Guangzhou Inbot Technology
Ltd. (well-known as "Inbot Tech") is a high-tech enterprise
focusing on the research and development, and the production of
commercial service robots. Inbot Technology has its headquarter in
Huangpu Business Center, Guangzhou and have established over ten
branches and offices in new first-tier cities all over China. Inbot
Tech has several patents in the core technology of robots, creating
huge advantages in the underlying technologies of service robots
such as human-computer interaction, face recognition, indoor
navigation, and autonomous movement. Inbot Tech has a great number
of successful commercial cases until now. PadBot Robot, a service
robot brand launched by Inbot Tech, has built a robot product
matrix around the horizontal development of the needs of commercial
properties. The matrix includes commercial service robots (P/X
series), delivery robots (W series), security patrol robots (S
series) and cleaning & disinfection robots (C/D series).
Products of PadBot Robot are currently sold in Europe, the United
States, Asia, and many other countries and regions worldwide. As a
result, PadBot Robot became a key procurement target of many
internationally renowned distributors.
For more information,
visit: https://padbotrobot.com/.
About HWH International
Inc.
HWH International Inc. is a purpose-driven
lifestyle company encompassing differentiated offerings from four
core pillars: Hapi Marketplace, Hapi Cafe, Hapi Travel and Hapi
Wealth Builder. HWH develops new pathways to help people in their
pursuit of Health, Wealth and Happiness.
For more information,
visit: https://www.hwhintl.com/
About Sharing Services Global
Corporation
Sharing Services Global Corporation (OTC: SHRG),
formerly Sharing Services Inc., is a publicly traded company
dedicated to maximizing shareholder value through the acquisition
and development of innovative companies, products and technologies
in the direct selling sector and other industries. The Sharing
Services combined platform currently leverages the capabilities and
expertise of various companies that market and sell products direct
to the consumer through independent contractors and
vendors.
Forward Looking Statements
This press release contains, and certain oral
statements made by representatives of HWH and its affiliates, from
time to time may contain, “forward-looking statements” within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. HWH’s actual results may differ from
expectations, estimates and projections and consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“might” and “continues,” and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, statements regarding HWH’s
continued growth and expansion and its ability to deliver value to
customers and investors, along with those other risks described
under the heading “Risk Factors” in the registration statement on
Form S-1, filed by HWH with the Securities and Exchange Commission
(the “SEC”) on December 3, 2024, and those that are included in any
of HWH’s future filings with the SEC. These forward-looking
statements involve significant risks and uncertainties that could
cause actual results to differ materially from expected results.
Most of these factors are outside of the control of HWH and are
difficult to predict. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated
or anticipated by such forward-looking statements. Readers are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. HWH undertakes no
obligation to update forward-looking statements to reflect events
or circumstances after the date they were made except as required
by law or applicable regulation.
No Offer or Solicitation
This press release does not constitute an offer
to sell or the solicitation of an offer to buy any securities, or a
solicitation of any vote or approval, nor shall there be any sale
of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. No offer of
securities shall be deemed to be made except by means of a
prospectus meeting the requirements of the Securities Act of 1933,
as amended.
For investor and media inquiries, please
contact:HWH International Inc.4800 Montgomery Lane, Suite
210Bethesda, MD 20814301-971-3955contact@hwhintl.com
HWH (NASDAQ:HWH)
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