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Alpha Technology Group Limited (ATGL) is a prominent IT solutions provider, operating through its subsidiaries in Hong Kong. Specializing in cloud-based services, the company leverages advanced analytical skills, programming prowess, and artificial intelligence to deliver tailored solutions aimed at enhancing business performance, overcoming industry-specific challenges, and creating new opportunities for its clients.
Alpha's subsidiaries, Techlution Service Limited and Neural Sense Limited, serve a diverse range of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale, and distribution. Their service offerings include system development, web and mobile application development, and AI-powered optical character recognition (AI-OCR), which facilitate the digital transformation of their clients' operations.
Recent achievements for Alpha include successfully pricing its initial public offering (IPO) and commencing trading on the Nasdaq stock exchange under the ticker symbol “ATGL” on October 31, 2023, at $4 per share. This milestone marks Alpha as the first AI IT service provider from Hong Kong to list in the U.S., attracting significant investor interest.
Financially, Alpha reported a remarkable 96.55% increase in revenue for the fiscal year ending September 30, 2023, amounting to HK$8.69 million (approximately US$1.11 million). This growth was driven by the completion of several projects for carpark management companies, NFT-related services, and technological support for a local NGO. Despite an increase in costs, the company maintained a gross profit margin of 32.75%, up from 22.67% the previous year.
Looking forward, Alpha remains committed to optimizing its cost structure and exploring new revenue avenues. The company's strategic focus and solid foundation position it well for future financial performance enhancements.
For more information, visit Alpha Technology Group Limited and Techlution Service Limited.
ATGL has partnered with Hong Kong University of Science and Technology (HKUST) to launch AlphaMind Lab, focusing on developing the Alpha Engine technology. The collaboration aims to revolutionize AI development by reducing the time required to develop dedicated AI models from 6-9 months to just 3 days or 3 hours.
The initiative addresses key challenges in AI development, particularly for SMEs, by utilizing a 'training AI with AI' autonomous learning architecture to minimize data collection and annotation costs. Since 2017, ATGL has specialized in customized large language model applications, serving government departments and enterprises.
The partnership combines HKUST's expertise in machine learning and algorithm optimization with ATGL's industrial experience. ATGL plans to establish a fund supporting AI research partnerships with local universities and colleges, including initiatives to enhance AI adoption in Hong Kong's education sector.
Alpha Technology Group (ATGL) and AB DAO have announced a strategic partnership to advance AI and blockchain integration across supply chain management, enterprise operations, and IoT. ATGL, a Nasdaq-listed company specializing in AI technology, will combine its expertise in AI-powered ERP systems with AB DAO's blockchain infrastructure capabilities.
AB DAO has developed various blockchain-powered prototype products, including smart energy meters, self-service payment kiosks, access control systems, and secure storage solutions. The partnership aims to deliver more efficient and secure industry solutions by leveraging both companies' technological strengths.
Additionally, AB DAO has expanded its ecosystem through multiple exchange listings, including Bitget, HTX, MEXC, BingX, BitMart, Lbank, Hotcoin, UEEx, and 4E, with Biconomy listing coming soon. The organization has set an ambitious goal of reaching 100 million $AB token holders.
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