HWH International Inc. Expands Robotics Offerings in the U.S.
HWH International Inc. (NASDAQ: HWH) is excited to announce a significant development in its business strategy focusing on the expansion of its Robotics division. As part of this initiative, the company plans to establish a new showroom in Dallas. These efforts are set to kick off with targeted marketing campaigns set for the early part of the year.
Strategic Partnerships and Marketing Efforts
To facilitate this expansion, HWH's wholly owned subsidiary, Hapi iRobot Pte. Ltd., has forged a strategic alliance with Sharing Services Global Corporation (OTC: SHRG). This partnership is aimed at creating a dedicated showroom in the U.S. in alignment with a recent Distribution Rights Agreement that HWH has entered into with Guangzhou Inbot Technology Ltd.
Sharing Services Global Corporation will be instrumental in establishing a robust sales force in the U.S. market, leveraging relationships with various partners across different sectors within the robotics industry. This multi-faceted approach will include the marketing, sales, and leasing of innovative robotics solutions tailored for various applications including delivery, security, and cleaning services.
Introducing the Robot-as-a-Service (RaaS) Model
Central to HWH's expansion is the introduction of the Robot-as-a-Service (RaaS) business model, which offers subscription-based robotic solutions. This innovative approach aims to revolutionize operations in diverse industries such as hospitality, retail, healthcare, and education.
Mr. Heng Fai Chan, Chairman of HWH International Inc., expressed optimism about the partnership with SHRG, stating, "This collaboration positions us to penetrate the U.S. and Canadian markets swiftly, tapping into an existing infrastructure that allows us to begin marketing our robotic products in 2025." He emphasized the importance of catering to the increasing demand for automation, noting that the RaaS model makes advanced robotics more accessible without hefty initial expenditures.
Highlights of HWH’s RaaS Offering
Flexibility and Cost-Effectiveness
The RaaS model is designed to provide businesses with scalable robotic services tailored to their unique demands, ensuring that operational costs are kept in check. This flexibility allows organizations to upscale or downscale their robotic services based on real-time needs.
Ongoing Support and Customization
HWH also places a strong emphasis on comprehensive support. This includes regular maintenance and timely software updates, enabling clients to concentrate on their primary business operations while HWH handles the technological aspects. Furthermore, HWH's robotic offerings can be customized to address specific industry requirements, boosting efficiency and effectiveness.
Market Growth Potential
The Robotics as a Service market is forecasted to witness substantial growth, expanding from approximately USD $8.19 billion in 2023 to an estimated USD $63.24 billion by 2032. This trajectory reflects a remarkable compound annual growth rate (CAGR) of 25.5% during the forecast period, underlining the burgeoning interest and investment in robotic solutions.
Understanding Inbot Technology
Guangzhou Inbot Technology Ltd., founded in 2013, specializes in the development and manufacturing of commercial service robots. This collaboration enhances HWH’s capacity to deliver advanced robotics technology. Inbot Technology's headquarters is located in Guangzhou, where it has set up numerous branches across first-tier cities in China, asserting its dominance in the robotics arena.
About HWH International Inc.
HWH International Inc. stands out as a lifestyle company focused on promoting health, wealth, and happiness through a diverse range of services. Its key segments include Hapi Marketplace, Hapi Cafe, Hapi Travel, and Hapi Wealth Builder. This holistic approach enables HWH to create innovative solutions that cater to various consumer needs.
For inquiries regarding investor relations, please contact HWH International Inc. at:
Address: 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814
Phone: 301-971-3955
Email: contact@hwhintl.com
Frequently Asked Questions
What is the main focus of HWH International Inc.'s expansion?
The main focus is to expand its Robotics division by establishing a showroom and launching marketing efforts in the U.S.
What is the Robot-as-a-Service (RaaS) model?
The RaaS model is a subscription-based service that provides businesses with access to robotics solutions without substantial upfront costs.
Why is HWH partnering with Sharing Services Global Corporation?
This partnership aims to leverage SHRG's existing infrastructure to swiftly penetrate the U.S. market and promote robotics solutions effectively.
How significant is the growth of the RaaS market?
The RaaS market is projected to grow from USD $8.19 billion in 2023 to USD $63.24 billion by 2032, reflecting a CAGR of 25.5%.
What industries will benefit from HWH's robotics solutions?
Industries such as hospitality, healthcare, retail, and education will benefit from the tailored robotic solutions HWH offers.
