SPO GLOBAL INC - SPOM STOCK NEWS

SPO Global Inc. (OTC PINK:SPOM) is advancing its position in the food processing industry by integrating Artificial Intelligence (AI)Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI). This initiative aims to enhance productivity, precision, and quality in food production by employing AI-powered machines capable of complex tasks at remarkable speeds. These innovations include machine vision technology to reduce human error, optimize processing conditions, and predict equipment failures. The global demand for safe, high-quality, and sustainable food continues to rise, presenting growth opportunities for SFHI. The company is optimistic about the competitive advantages its clients will gain from these improvements, alongside a recently signed merger agreement with a leading food machinery company.

SPO Global Inc. (OTC PINK:SPOM) announced its participation in the 108th National Sugar and Liquor Commodities Fair held in Chengdu, Sichuan, from April 12-14, 2023. The exhibition attracted nearly 450,000 attendees, featuring 5,000 booths over an area of 320,000 square meters. Shandong Fangyuan showcased its automatic stretch film packaging machine, which gained significant attention from international and domestic buyers. The company also emphasized its ongoing efforts in brand building and improving product quality in the vacuum packaging sector. The global food packaging market is projected to grow from $338.34 billion in 2021 to $478.18 billion by 2028, driven by evolving consumer lifestyles. Despite positive market indicators, the company acknowledges the challenges that lie ahead for sustainable growth.

SPO Global Inc. (OTC PINK:SPOM) has announced that its subsidiary, Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd., will exhibit at the 108th National Sugar and Liquor Commodities Fair in Chengdu, Sichuan, from December 12-14, 2023. The company plans to send over ten senior representatives to showcase their latest high-end automatic continuous stretch film equipment, which is currently patent pending. This trade fair is recognized as a premier event in China's sugar and liquor industry and aims to enhance industry cooperation and development. Shandong Fangyuan's participation reflects its commitment to innovation and market expansion, aiming to increase brand visibility and promote its advanced packaging technology.

SPO Global Inc. (OTC PINK:SPOM) has announced a strategic transformation focusing on its subsidiary, Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI). The company has divested its medical business due to significant challenges stemming from the Covid-19 pandemic, which led to a sharp decline in revenue. CEO Qiang Fang emphasized a commitment to enhance operations and development in agricultural machinery, particularly corn processing equipment. The company has filed several patent applications for new machinery, reflecting innovation and potential future growth. Shareholders are encouraged to stay updated via the company’s Twitter account.

SPO Global Inc. (OTC PINK:SPOM) has secured a $1.8 million contract from the Raohe County Rural Revitalization Bureau for a waxy corn processing and storage project. The project will utilize advanced equipment from Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd., including a fully automatic corn peeling machine and a high-pressure roller cleaner. Since March 2023, Shandong Fangyuan has seen a surge in equipment orders and an active workforce of 78, indicating robust growth. SPO Global views this contract as a significant milestone and anticipates future collaboration with Shandong Fangyuan, enhancing its market position and operational efficiency.

SPO Global Inc. (OTC PINK:SPOM) has entered into a definitive merger agreement with Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. (SFHI), a company specializing in food machinery. This merger aims to integrate SFHI's food machinery expertise with SPO's operational services, enhancing their market position in the food industry. SFHI reported sales of approximately $9.3 million and net income of $1.5 million as of December 31, 2022. The combined entity will operate under SPO Global, with headquarters in Zhucheng, Shandong Province. The merger reflects SPO's strategic shift, moving away from biotech toward food-related sectors.

SPO Global Inc. (OTC PINK:SPOM) has confirmed a significant partnership with Shandong Fangyuan Huizhong Intelligent Equipment Co., Ltd. for a corn processing project in Bayannur City, Inner Mongolia. The collaboration aims to enhance the efficiency of corn processing through advanced equipment and automation.

Strong local government support facilitated the signing of a contract for corn processing lines, addressing challenges in corn storage and processing.

This move not only underscores the company's innovative capabilities but also solidifies its commitment to improving agricultural processing methods.

SPO Global Inc. (OTC PINK: SPOM), a healthcare and biotech company, released a press statement discussing its medical devices, including low-frequency therapeutic instruments and intelligent decocting machines. These innovations aim to enhance extraction efficiency by 2-60 times, optimize energy consumption, and improve drug absorption. The company also boasts a new electrotherapy instrument designed for nerve repair and rehabilitation, serving clients in traditional Chinese medicine. Additionally, the Jinan center's infrastructure development is complete, with future projects in Shandong and Qingdao anticipated.

SPO Global Inc. (OTC PINK: SPOM) announced a significant corporate update, revealing a revenue increase of $15,969,073 from its new sales business of low frequency therapeutic instruments and intelligent Chinese medicine decocting machines between 2020 and 2021. Approximately one hundred medical institutions in Shandong have adopted these machines, demonstrating strong market interest. The company has added 15 new employees to enhance sales efforts. Despite the ongoing pandemic, SPO Global remains optimistic about future growth and committed to improving its medical care systems.