Dogness Expands Intelligent Pet-Tech Products Lines on Boqii

Rhea-AI Summary

Dogness (International) Corporation (NASDAQ: DOGZ) announced its partnership expansion with Boqii Holding Limited (NYSE: BQ) on September 23, 2021. This collaboration will allow Boqii to offer a range of Dogness' intelligent pet-tech products, such as Smart Fountains and Smart Feeders, in addition to its traditional offerings. The partnership highlights Dogness' commitment to enhancing pet health and quality of life. The company has a robust sales platform, with major clients including Petco, Walmart, and Amazon, aimed at leveraging Boqii's market presence in China's fast-growing pet sector.

Positive

• Expansion of product availability through partnership with Boqii, a leading platform in China.
• Introduction of intelligent pet-tech products to enhance pet health.
• Strong sales platform with major customers including Petco, Walmart, and Amazon.

Negative

• None.

DONGGUAN, China, Sept. 23, 2021 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced it is expanding availability of its intelligent pet-tech products with Boqii Holding Limited ("Boqii" or the "Company") (NYSE: BQ), a leading pet-focused platform in China.  Boqii will now make Dogness' intelligent pet-tech products available, including the Company's Smart Fountains, Smart Feeders and more, while continuing to provide products from Dogness' traditional product portfolio.

Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, "We are pleased to be expanding our relationship with Boqii, which shares our commitment to product and customer experience excellence.  Boqii has a leading market position in China, one of the world's largest and fastest growing markets.  We look forward to building upon our reliable supplier status, as we provide Boqii's customers with the intelligent pet-tech products they are seeking to enhance their pets' health and quality of life."

Dogness has built an integrated sales platform across all channels, with major customers including, Anyi Trading, Petco, Trendspark, PetSmart, Pet Value, Walmart, Target, IKEA, SimplyShe, Pets at Home, PETZL, and Petmate, and online shopping platforms, such as Amazon, Chewy.com, Target.com, HomeDepot.com, Loews.com, Wayfair.com, JD, Tmall and Taobao, as well as live streaming sales platforms hosted by influencers.

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

About Dogness

Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness' technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com.

Forward Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers' businesses and end purchasers' disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

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SOURCE Dogness International Corporation

FAQ

What is Dogness expanding with Boqii on September 23, 2021?

Dogness is expanding the availability of its intelligent pet-tech products through its partnership with Boqii, which will now offer products like Smart Fountains and Smart Feeders.

How does Dogness plan to enhance pet health through its new partnership?

By introducing a range of intelligent pet-tech products via Boqii, aimed at improving the health and quality of life for pets.

What major clients does Dogness have for its pet products?

Dogness has a diverse client base that includes Petco, Walmart, Trendspark, PetSmart, and online platforms like Amazon and Chewy.com.

What is the significance of the partnership between Dogness and Boqii?

The partnership is significant as it leverages Boqii's position in China's pet market to expand Dogness' reach and product availability.

What types of products will Boqii offer from Dogness?

Boqii will offer Dogness' intelligent pet-tech products, including Smart Fountains and Smart Feeders, along with traditional pet products.