NetClass Technology Partners with RunSun Cloud for AI Growth

Strategic Partnership for Enhanced AI Capabilities

SINGAPORE and HONG KONG — NETCLASS TECHNOLOGY INC (NASDAQ: NTCL) has taken a significant step forward by signing a Memorandum of Understanding (MOU) with RunSun Cloud Pte. Ltd. This collaboration aims to enhance AI computing infrastructure and application development throughout Southeast Asia.

Building a Robust AI Ecosystem

This partnership follows closely on the heels of NetClass’s recent sales collaboration with HPC AI Technology Pte. Ltd., significantly expanding their reach in the AI cloud services sector. In just the first six months of this contract, NetClass achieved impressive sales of about $443,000. By combining RunSun Cloud's advanced computing resources with NetClass's innovative AI applications, the two companies are poised to revolutionize AI across various sectors.

Focus on Generative AI and Innovative Solutions

The primary focus of this partnership will be the development of generative AI and enterprise solutions, which are crucial for modernizing education, fostering enterprise innovation, and contributing to smart city initiatives. This strategic move not only aligns with NetClass’s growth objectives but also promises to drive significant revenue growth.

Recent Innovations at NetClass

Recent developments at NetClass highlight the company’s commitment to innovation. The establishment of a subsidiary in Singapore and the relocation of its global headquarters signify a strategic pivot toward the growing Southeast Asian market. Moreover, the $2.4 million PIPE financing will support initiatives in AI and blockchain technology.

Key Insights from Leadership

Dr. Jianbiao Dai, Chairman and CEO of NetClass, remarked, "Our collaboration with RunSun Cloud marks a key step in accelerating NetClass's AI ecosystem expansion and driving innovation in the region. By leveraging our strengths in AI application development alongside RunSun's robust computing infrastructure, we are well-positioned to deliver transformative AI solutions that create sustainable value across industries."

About NETCLASS TECHNOLOGY INC

NETCLASS TECHNOLOGY INC stands as a pivotal player in the B2B smart education sector, with a mission to provide high-quality IT solutions tailored for diverse organizations such as schools and public agencies. Their services include SaaS subscriptions and application development that enhance teaching management, online education, and data systems.

About RunSun Cloud Pte. Ltd.

RunSun Cloud is known for its high-performance computing solutions that support AI-driven industries. As a prominent NCP partner of NVIDIA, it is recognized for empowering innovation across various sectors through its robust computing capabilities.

Connecting with the Company

For those interested in learning more or inquiring about investor relations, they can reach out to NETCLASS TECHNOLOGY INC through their dedicated email: ir@netclasstech.com. For media inquiries, contact Jackson Lin at +1 (646) 717-4593 or via email at jian.lin@llyc.global.

Frequently Asked Questions

What is the purpose of the MOU between NetClass and RunSun?

The MOU aims to strengthen AI computing infrastructure and promote application development in Southeast Asia.

What sectors will benefit from this partnership?

This partnership primarily targets education, enterprise innovation, and smart city development.

What were the sales figures from NetClass's recent contracts?

In the initial six months of a recent contract, NetClass reached sales of approximately $443,000.

How does this partnership align with NetClass's growth strategy?

This collaboration supports their strategic initiative to enhance AI application development while expanding into the Southeast Asian market.

Where is NetClass TECHNOLOGY INC headquartered?

NetClass relocated its global headquarters to Singapore to better serve the Southeast Asian market.

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