GUANGZHOU, China, Aug. 31, 2024 /PRNewswire/ — Viomi Expertise Co (NASDAQ:)., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a number one expertise firm for house water options in China, right this moment introduced that every 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 happy, 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 expertise to supply 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 Expertise
Viomi’s mission is “AI for Better Water,” using AI expertise to supply higher consuming water options for households worldwide.
As an industry-leading expertise firm in house water options, Viomi has developed a particular “Equipment + Consumables” enterprise mannequin. By leveraging its experience in AI expertise, clever {hardware} and software program growth, the Firm simplifies filter substitute and enhances water high quality monitoring, thereby growing the filter substitute fee. Its steady technological improvements lengthen filter lifespan and decrease consumer prices, selling the adoption of water purifiers and supporting a wholesome way of life whereas successfully addressing the rising world 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 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 comprises forward-looking statements. These statements are made underneath the “safe harbor” provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology reminiscent of “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, comprise forward-looking statements. Viomi may additionally make written or oral forward-looking statements in its periodic experiences to the United States Securities and Change 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 details, together with statements concerning the Firm’s beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Numerous 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 progress methods; the cooperation with Xiaomi (OTC:), the popularity of the Firm’s model; developments and competitors in world IoT-enabled good house market; growth and commercialization of recent merchandise, providers and applied sciences; governmental insurance policies and related regulatory surroundings regarding the Firm’s {industry} and/or features of the enterprise operations and normal financial situations in China and across the globe, and assumptions underlying or associated to any of the foregoing. Additional info relating to these and different dangers is included within the Firm’s filings with the SEC. All info offered on this press release and within the attachments is as of the date of this press release, and the Firm undertakes no obligation to replace any forward-looking assertion, besides as required underneath relevant regulation.
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
