Xiao-I Corporation Announces Strategic Cooperation with Deafopia to Expand Market Outreach for AI Hardware Business

Rhea-AI Summary

Xiao-I (NASDAQ: AIXI) has announced a strategic partnership with Deafopia, a nonprofit organization supporting deaf and hard-of-hearing communities. Through this collaboration, Deafopia will manage market outreach and expand distribution channels for Xiao-I's new AI hardware products, particularly targeting deaf schools and government facilities. The partnership includes product promotion at trade shows, community events, and digital platforms. The AI hardware is specifically designed to enhance accessibility and communication solutions for individuals with hearing impairments.

Positive

• Strategic partnership with Deafopia expands distribution channels for AI hardware products
• Access to established network of deaf schools and government facilities
• Enhanced market visibility through Deafopia's trade shows and digital platforms

Negative

• None.

Insights

Market Research Analyst

This strategic partnership, while targeting an important market segment, lacks substantial financial details or clear revenue projections to make it significantly impactful for investors. The deaf and hard-of-hearing market represents a niche opportunity, but without specific product details, pricing strategy, or market size estimates, it's difficult to quantify the potential impact on AIXI's bottom line.

The collaboration with a non-profit organization suggests a focus on social responsibility and market penetration rather than immediate revenue generation. While the distribution channels through deaf schools and government facilities could provide steady institutional sales, the absence of contract values, revenue targets, or market penetration goals makes this announcement primarily operational rather than financially material.

SHANGHAI, Nov. 19, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI), a leading artificial intelligence company ("Xiao-I") , today announced a strategic cooperation with Deafopia, a nonprofit organization dedicated to supporting businesses within the deaf and hard-of-hearing communities. This collaboration will enhance the market visibility and distribution of Xiao-I's newly developed AI hardwares, with Deafopia managing outreach and expanding distribution channels, particularly to deaf schools, government facilities, and broader community initiatives.

As part of this cooperation, Deafopia will promote at its trade shows, community events, and through its digital platforms, including its website and social media channels. This partnership aims to significantly increase awareness and access to the products, improving the lives of individuals within the deaf and hard-of-hearing communities by offering cutting-edge technological solutions.

These AI hardwares are specifically designed to assist individuals with hearing impairments, offering them enhanced accessibility and communication solutions in various settings. By partnering with Deafopia, Xiao-I will leverage the nonprofit's vast network and established events to reach key markets that will benefit most from this innovative product.

"Our cooperation with Deafopia aligns perfectly with our mission to create AI products that can transform lives," said Hui Yuan, CEO of Xiao-I "Through Deafopia's platform and outreach capabilities, we are confident that our AI hardware business will have a meaningful impact on the quality of life for deaf and hard-of-hearing individuals by expanding accessibility in everyday life."

Deafopia, renowned for its work in promoting the Deaf Eco System, will be instrumental in expanding the product's reach, particularly in deaf schools and government facilities, ensuring that more individuals can benefit from this innovative technology.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com 

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SOURCE Xiao I Corporation

FAQ

What is the strategic partnership between Xiao-I (AIXI) and Deafopia?

Xiao-I has partnered with Deafopia to manage market outreach and expand distribution channels for its AI hardware products, targeting deaf schools and government facilities.

How will Deafopia promote Xiao-I 's (AIXI) AI hardware products?

Deafopia will promote Xiao-I's AI hardware products through trade shows, community events, and digital platforms, including its website and social media channels.

What is the target market for Xiao-I 's (AIXI) new AI hardware?

The AI hardware is specifically designed for deaf and hard-of-hearing individuals, targeting deaf schools, government facilities, and broader community initiatives.