WANG & LEE GROUP ANNOUNCES SUCCESSFUL COMPLETION OF HONG KONG’S FIRST LOCALLY DEVELOPED SMART FLOORING PROJECT, TRANSFORMING STEPS INTO CLEAN ENERGY
Wang & Lee Group (NASDAQ: WLGS) has successfully completed Hong Kong's first locally developed smart flooring system that converts footsteps into electricity. The project, developed with City University of Hong Kong, has been installed in the Hang Seng Bank Headquarters Building's high-traffic corridor.
The innovative system uses piezoelectric and electromagnetic technologies to capture kinetic energy from pedestrian movement, storing it in batteries to power lighting, digital signage, and other low-voltage applications. This achievement represents a significant advancement in sustainable infrastructure and clean energy technology.
Following this success, WLGS plans to expand the deployment of similar systems across Hong Kong's transportation hubs, commercial complexes, and public spaces. The company is also accelerating R&D in complementary technologies, including solar-integrated pavements and AI-driven energy management systems.
Wang & Lee Group (NASDAQ: WLGS) ha completato con successo il primo sistema di pavimentazione intelligente sviluppato localmente a Hong Kong, capace di convertire i passi in elettricità. Il progetto, sviluppato in collaborazione con la City University di Hong Kong, è stato installato nel corridoio ad alto traffico dell'edificio della sede della Hang Seng Bank.
Il sistema innovativo utilizza tecnologie piezoelettriche ed elettromagnetiche per catturare l'energia cinetica dal movimento dei pedoni, immagazzinandola in batterie per alimentare l'illuminazione, la segnaletica digitale e altre applicazioni a bassa tensione. Questo risultato rappresenta un notevole progresso nell'infrastruttura sostenibile e nella tecnologia dell'energia pulita.
Dopo questo successo, WLGS prevede di espandere l'implementazione di sistemi simili nei nodi di trasporto, nei complessi commerciali e negli spazi pubblici di Hong Kong. L'azienda sta anche accelerando la ricerca e sviluppo in tecnologie complementari, tra cui pavimentazioni integrate con pannelli solari e sistemi di gestione energetica basati su intelligenza artificiale.
Wang & Lee Group (NASDAQ: WLGS) ha completado con éxito el primer sistema de pavimento inteligente desarrollado localmente en Hong Kong, que convierte los pasos en electricidad. El proyecto, desarrollado en colaboración con la City University de Hong Kong, se ha instalado en el corredor de alto tráfico del edificio de la sede del Hang Seng Bank.
El sistema innovador utiliza tecnologías piezoeléctricas y electromagnéticas para capturar la energía cinética del movimiento de los peatones, almacenándola en baterías para alimentar la iluminación, la señalización digital y otras aplicaciones de bajo voltaje. Este logro representa un avance significativo en la infraestructura sostenible y la tecnología de energía limpia.
Tras este éxito, WLGS planea expandir el despliegue de sistemas similares en los centros de transporte, complejos comerciales y espacios públicos de Hong Kong. La empresa también está acelerando la I+D en tecnologías complementarias, incluyendo pavimentos integrados con energía solar y sistemas de gestión energética impulsados por inteligencia artificial.
Wang & Lee Group (NASDAQ: WLGS)는 발걸음을 전기로 변환하는 홍콩 최초의 지역 개발 스마트 바닥 시스템을 성공적으로 완료했습니다. 이 프로젝트는 홍콩 시립대학교와 협력하여 개발되었으며, 항생은행 본사 건물의 고교통량 복도에 설치되었습니다.
이 혁신적인 시스템은 피에조 전기 및 전자기 기술을 사용하여 보행자의 움직임으로부터 운동 에너지를 포착하고, 이를 배터리에 저장하여 조명, 디지털 사이니지 및 기타 저전압 응용 프로그램에 전력을 공급합니다. 이 성과는 지속 가능한 인프라 및 청정 에너지 기술의 중요한 발전을 나타냅니다.
이 성공에 이어 WLGS는 홍콩의 교통 허브, 상업 단지 및 공공 공간 전역에 유사한 시스템을 확장할 계획입니다. 회사는 또한 태양광 통합 포장재 및 AI 기반 에너지 관리 시스템을 포함한 보완 기술의 연구 개발을 가속화하고 있습니다.
Wang & Lee Group (NASDAQ: WLGS) a réussi à achever le premier système de revêtement de sol intelligent développé localement à Hong Kong, qui convertit les pas en électricité. Le projet, développé en collaboration avec la City University de Hong Kong, a été installé dans le couloir à fort trafic du bâtiment du siège de la Hang Seng Bank.
Ce système innovant utilise des technologies piézoélectriques et électromagnétiques pour capturer l'énergie cinétique des mouvements piétonniers, la stockant dans des batteries pour alimenter l'éclairage, la signalisation numérique et d'autres applications basse tension. Cette réalisation représente une avancée significative dans l'infrastructure durable et la technologie de l'énergie propre.
À la suite de ce succès, WLGS prévoit d'étendre le déploiement de systèmes similaires dans les nœuds de transport, les complexes commerciaux et les espaces publics de Hong Kong. L'entreprise accélère également la recherche et le développement dans des technologies complémentaires, y compris les pavés intégrés au solaire et les systèmes de gestion de l'énergie pilotés par l'IA.
Wang & Lee Group (NASDAQ: WLGS) hat erfolgreich das erste lokal entwickelte intelligente Fußbodensystem in Hongkong abgeschlossen, das Schritte in Elektrizität umwandelt. Das Projekt, das in Zusammenarbeit mit der City University of Hong Kong entwickelt wurde, wurde im stark frequentierten Korridor des Hauptgebäudes der Hang Seng Bank installiert.
Das innovative System nutzt piezoelektrische und elektromagnetische Technologien, um kinetische Energie aus der Bewegung von Fußgängern zu erfassen und in Batterien zu speichern, um Beleuchtung, digitale Beschilderung und andere Niederspannungsanwendungen mit Strom zu versorgen. Dieser Erfolg stellt einen bedeutenden Fortschritt in der nachhaltigen Infrastruktur und der Technologie für saubere Energie dar.
Nach diesem Erfolg plant WLGS, die Einführung ähnlicher Systeme in Hongkongs Verkehrsknotenpunkten, Einkaufszentren und öffentlichen Räumen auszubauen. Das Unternehmen beschleunigt auch die Forschung und Entwicklung in komplementären Technologien, einschließlich solarintegrierter Beläge und KI-gesteuerter Energiemanagementsysteme.
- Successfully developed and installed first-of-its-kind smart flooring technology in Hong Kong
- Strategic partnership with prestigious City University of Hong Kong
- Practical application in high-traffic commercial location (Hang Seng Bank HQ)
- Plans for expansion to multiple high-traffic locations across Hong Kong
- Early-stage technology with unproven commercial viability
- to low-voltage applications only
- Revenue generation and profitability metrics not disclosed
Insights
Wang & Lee Group's successful deployment of kinetic energy harvesting flooring represents a significant technical milestone in the sustainable infrastructure space. The installation at Hang Seng Bank Headquarters positions this micro-cap company as an innovator in the emerging field of distributed urban energy generation.
The technology employs both piezoelectric and electromagnetic mechanisms - a sophisticated dual approach that maximizes energy capture efficiency. This hybrid method addresses the typical limitations of standalone piezoelectric systems, which often struggle with durability and energy conversion rates in high-traffic environments.
What's particularly noteworthy is the practical implementation in a commercial setting rather than just a laboratory demonstration. By focusing on high-foot-traffic areas, the company is targeting the optimal use case for this technology, where the density of steps can generate meaningful power outputs.
The partnership with City University of Hong Kong provides valuable R&D capabilities that would otherwise be beyond the reach of a
The planned expansion into transportation hubs and commercial complexes indicates a strategic roadmap targeting environments with maximum footfall, essential for this technology's viability. The mention of complementary technologies like solar-integrated pavements suggests a broader vision to create hybrid energy harvesting systems, which could address the intermittency challenges inherent in small-scale renewable generation.
This project positions Wang & Lee Group strategically within the growing urban sustainability sector. For a micro-cap company, securing a high-visibility installation at Hang Seng Bank Headquarters delivers valuable market validation and creates a showcase reference for potential clients.
The project aligns with three key market drivers: the global push toward carbon neutrality, increasing corporate sustainability commitments, and the smart city movement. This market positioning could create differentiation for WLGS in the competitive renewable energy landscape.
From an investment perspective, the relatively small scale of initial deployments is appropriate given the company's
The university partnership provides both technical credibility and cost-effective R&D capabilities - crucial advantages for small-cap companies competing in innovation-driven markets. This collaborative approach enhances the company's ability to develop intellectual property without excessive cash burn.
While kinetic flooring typically produces modest energy outputs compared to solar or wind, its value proposition centers on harvesting otherwise wasted energy in built environments. The integration with complementary technologies like AI-driven management systems suggests a longer-term platform strategy rather than a single-product approach, potentially creating recurring revenue opportunities beyond initial installations.
Innovative partnership with City University of Hong Kong paves the way for sustainable urban solutions
HONG KONG, March 28, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (Nasdaq: WLGS) (the “Company”) today announced the successful installation of the first ever developed and made in Hong Kong smart flooring system capable of converting kinetic energy from human footsteps into usable electricity. This milestone achievement, developed in collaboration with City University of Hong Kong (“CityU”), marks a transformative leap in sustainable infrastructure and underscores the Company’s commitment to its Environmental, Social and Governance initiative and advancing innovative clean energy technologies.
The groundbreaking smart flooring project, installed in the high pedestrian traffic corridor in Hang Seng Bank Headquarters Building in Central, Hong Kong, utilizes advanced piezoelectric and electromagnetic technologies to harness energy generated by pedestrian movement. This energy is stored in integrated batteries and can power lighting, digital signage, and other low-voltage applications, reducing reliance on traditional power sources.
Mr. Ho, CEO of Wang & Lee Group, stated, “Today’s success is a testament to Hong Kong’s spirit of innovation and our shared vision for a greener future. By turning everyday actions like walking into a source of clean energy, we are redefining urban sustainability. This project aligns perfectly with global efforts to combat climate change and demonstrates the tangible impact of smart city technologies.”
The initiative builds on the strategic partnership between Wang & Lee Group and CityU’s School of Energy and Environment, announced earlier this year. Combining the Company’s engineering expertise with CityU’s research capabilities, the project overcame technical challenges to optimize energy efficiency and durability for high-traffic environments.
Looking Ahead: Expanding Renewable Energy Frontiers
Buoyed by this achievement, Wang & Lee Group plans to deploy similar systems in transportation hubs, commercial complexes, and public spaces across Hong Kong. The Company is also accelerating Research and Development in complementary technologies, including solar-integrated pavements and AI-driven energy management systems, to create holistic renewable energy ecosystems.
“This is just the beginning,” added Mr. Ho. “Our mission is to make renewable energy accessible, scalable, and seamlessly integrated into daily life. We are actively exploring partnerships and pilot projects worldwide to bring these solutions to communities in need of sustainable infrastructure.”
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.
For more information on the companies, please log on to
WANG & LEE GROUP, Inc.: https://www.wangnleegroup.com/
Email: ir@wangnlee.com.hk
Attachments
FAQ
What is the new smart flooring technology developed by WLGS?
Where has WLGS installed its first smart flooring project?
What are WLGS's expansion plans for the smart flooring technology?
What additional technologies is WLGS developing in 2025?
Who is partnering with WLGS on the smart flooring project?
