WANG AND LEE GROUP, INC. ANNOUNCES STRATEGIC INVESTMENT IN TROOPS, INC. TO DRIVE INNOVATION IN SMART BUILDING SOLUTIONS AND EXPAND ESG TOKEN REWARD ECOSYSTEM

Rhea-AI Summary

Wang and Lee Group (NASDAQ: WLGS) has announced a strategic investment in TROOPS (NASDAQ: TROO), aiming to integrate AI-driven advertising media, smart home devices, and blockchain-powered token rewards across TROOPS' potential 200-building portfolio.

The partnership focuses on three key initiatives:

• Implementing AI-powered advertising media for targeted content delivery
• Installing IoT-enabled smart home devices for enhanced efficiency and security
• Developing an ESG-aligned token rewards ecosystem where users can earn tokens redeemable for financial benefits

The tokens can be exchanged for various benefits, including EV insurance premium discounts, reduced loan interest rates, and LED lights. CEO Mr. Ho emphasized this investment as transformative for building smarter, sustainable communities. The deal remains subject to customary closing conditions and regulatory approvals.

Hong Kong, March 31, 2025 (GLOBE NEWSWIRE) -- Wang and Lee Group, Inc. (NASDAQ: WLGS) today announced its strategic investment in Nasdaq-listed TROOPS, Inc. (NASDAQ: TROO). This collaboration aims to unlock synergies by integrating Wang and Lee’s cutting-edge AI-driven advertising media, smart home devices, and blockchain-powered token rewards into TROOPS’ expansive infrastructure.

The proposed investment will enable Wang and Lee to deploy its AI-driven digital advertising platforms and IoT-enabled smart home solutions across TROOPS’ potential 200-building portfolio, reaching its vast number of tenants and visitors. Central to the partnership is the introduction of an Environmental, Social, and Governance(“ESG”)-aligned token rewards ecosystem, where users engaging with these technologies will earn redeemable tokens. These tokens can be exchanged for exclusive financial and insurance benefits, including discounts on electric vehicle (“EV”) insurance premiums, reduced loan interest rates, and other value-added services such as LED lights.

Synergies and Strategic Vision
By leveraging TROOPS’ established real estate footprint, Wang and Lee seeks to accelerate adoption of its smart technologies while creating a seamless, interconnected ecosystem. Key initiatives include:

• AI-Powered Ad Media: Delivering hyper-targeted, data-driven advertising to building tenants and visitors, enhancing revenue streams for both companies.
• Smart Home Device Integration: Installing Wang and Lee’s IoT devices to optimize energy efficiency, security, and convenience for residents.
• Tokenized Rewards System: Incentivizing user engagement through blockchain tokens tied to sustainability goals (“ESG”), redeemable for financial products that promote greener choices, such as EV insurance discounts and LED lights.
  

“This investment marks a transformative step in our mission to build smarter, more sustainable communities,” said Mr. Ho, CEO of Wang and Lee. “TROOPS’ vast network provides the ideal platform to scale our AI and IoT innovations while rewarding users for participating in a greener economy. Together, we will redefine how technology enhances everyday living and drives ESG impact.”

Driving ESG Value and Market Growth

The partnership aligns with global ESG priorities by promoting energy-efficient technologies and financially empowering users through tokenized rewards. Wang and Lee anticipates heightened demand for its smart devices and ad services as TROOPS’ buildings become hubs of innovation, further solidifying the company’s leadership in property technology and blockchain solutions.

Transaction Details

The investment is subject to customary closing conditions, regulatory approvals, and final agreement terms. Further details will be disclosed upon finalization.

About WANG & LEE GROUP, Inc.

WANG & LEE GROUP, Inc. is a Hong Kong-based construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems, which includes low voltage (220v/phase 1 or 380v/phase 3) electrical system, mechanical ventilation and air-conditioning system, fire service system, water supply and sewage disposal system installation and fitting out for the public and private sectors. It is also able to provide design and contracting services to all trades in the construction industry. Their clients range from small startups to large companies.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

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WANG & LEE GROUP, Inc.: https://www.wangnleegroup.com/
Email: ir@wangnlee.com.hk

FAQ

What are the main components of WLGS's strategic investment in TROOPS?

The investment includes three main components: AI-driven advertising media deployment, smart home device integration, and an ESG token rewards ecosystem across TROOPS' 200-building portfolio.

How will the ESG token reward system work in WLGS's partnership with TROOPS?

Users engaging with the smart technologies will earn tokens redeemable for financial benefits like EV insurance discounts, reduced loan interest rates, and LED lights.

What is the potential reach of WLGS's technology deployment through TROOPS?

The technology will be deployed across TROOPS' potential 200-building portfolio, reaching their tenants and visitors.

How does the WLGS-TROOPS partnership contribute to sustainability goals?

The partnership promotes energy-efficient technologies through smart home devices and incentivizes green choices via ESG-aligned token rewards.

What specific smart technologies will WLGS implement in TROOPS buildings?

WLGS will implement AI-powered advertising media, IoT devices for energy efficiency and security, and a blockchain-based token rewards system.