Welcome to our dedicated page for Inno Holdings news (Ticker: inhd), a resource for investors and traders seeking the latest updates and insights on Inno Holdings stock.
Inno Holdings Inc. (NASDAQ: INHD) is a visionary building technology company dedicated to revolutionizing the construction industry with its proprietary cold-formed steel-framing technology and innovative solutions. Founded with the mission to transform traditional building methods, Inno Holdings manufactures cold-formed steel members and prefabricated homes, providing a full range of services from raw material transformation to the final product.
Inno's finished products are versatile and find applications across a variety of building types including residential, commercial, industrial, and infrastructure projects. The company's cutting-edge products improve construction efficiency, reduce material waste, and have a lower environmental impact compared to conventional building materials.
One of the company's most notable innovations is the Mobile Factory. Launched in December 2023, this self-contained production facility can generate steel-framing members onsite, significantly enhancing productivity and reducing the carbon footprint of construction projects. The Mobile Factory can produce essential components such as wall panels, floor trusses, and roof trusses directly at the construction site, making it ideal for both urban areas and remote locations with limited infrastructure.
The Mobile Factory incorporates advanced Internet of Things (IoT) technology, allowing for remote control and management. The proprietary IoT system developed by Inno Holdings facilitates real-time data exchange and efficient operations, promising a production capacity of more than 1,000 linear feet per day.
Inno Holdings has also made significant strides in expanding its manufacturing capabilities. In March 2024, the company announced a major expansion of its manufacturing operations and automation infrastructure. This strategic move aims to meet the growing demand for light-gauge steel framing, off-site construction, and prefab home manufacturing, a market estimated to be worth $270 billion globally. The expansion includes a 3,500 square-foot addition to their facility and the integration of advanced robotic arms and other automation technologies, expected to reduce manual labor by 30%.
Known for its dedication to sustainability, Inno utilizes cold-formed steel, which results in significantly lower material waste—averaging only 2% compared to the 20% typical in wood-based projects. Every piece of steel scrap generated is 100% recyclable, underscoring the company's commitment to environmental stewardship.
Inno Holdings has also made headlines with its listing on the Nasdaq Capital Market in December 2023, which has enhanced its visibility and provided better access to capital markets. This milestone is a testament to the company's strategic vision and commitment to delivering value to its stakeholders.
For more information, visit the official website: www.innoholdings.com
INNO Holdings (NASDAQ: INHD), a building technology company known for cold-formed steel framing technology and AI-driven design, announced its expansion into electronic products trading and digital transformation initiatives. Starting December 2024, the company is undergoing digital transformation in marketing, distribution, and sales, focusing on expanding into electronic products including cell phones, computers, and tablets.
The company aims to enhance its sales and distribution network across Asia while implementing a comprehensive digital marketing plan for global sales growth. CEO Ding Wei emphasized plans to collaborate with more partners to explore new business opportunities. However, the company noted there is no assurance these efforts will lead to anticipated sales growth or increased enterprise value.
Inno Holdings announced a 1-for-10 reverse stock split of its common stock, effective after close of trading on October 9, 2024. The stock will trade on a split-adjusted basis under the ticker INHD from October 10, 2024. The reverse split aims to increase the per share price to meet Nasdaq's minimum $1.00 average closing price requirement.
Every ten shares of common stock will be combined into one share, with no changes to the total number of authorized shares, par value per share, or other classes of stock. Fractional shares will be rounded up to the nearest whole share. VStock Transfer, will manage the exchange process for shareholders.
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