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King Resources, Inc. (OTC: KRFG) announced a Memorandum of Understanding (MOU) with Smart Product Concepts, the owner of Team Cuisine®, to expand into the IoT market. This partnership will enable Powertech, a subsidiary of KRFG, to distribute Team Cuisine® smart kitchen appliances in Asia, promoting energy efficiency and carbon neutrality. The global smart kitchen appliances market is projected to grow significantly, and according to forecasts, the Asia Pacific Household Cooking Appliance Market will reach $44 billion by 2027, showcasing a solid growth potential for KRFG's IoT initiatives.
King Resources (OTC: KRFG) and its subsidiary, Powertech Corporation, have announced a channel partnership to expand into the Malaysian market. This move allows Powertech to introduce its new 65W Type-C fast charger, equipped with a UK plug converter, catering to a growing demand in Malaysia's tech landscape. The Global USB Charger Market is projected to grow from USD 26.88 billion in 2022 to USD 35.93 billion by 2027, highlighting significant market opportunities. CEO William Fu emphasized the high-speed Type-C gadget's potential in driving business growth and meeting competitive market needs.
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