ARB IOT Group Limited Signs a Memorandum of Understanding (MOU) To Accelerate Global AI Revolution with Advanced Server Solutions

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ServerSphere is a Taiwanese AI server hardware company partnered with Phison Electronics Corporation, a leading Taiwanese company specializing in controllers for NAND flash memory chips. This partnership enhances ServerSphere’s AI servers with advanced storage technologies, allowing it to effectively meet the evolving demands of the global market.

Kuala Lumpur, Malaysia, Nov.05, 2024 (GLOBE NEWSWIRE) -- - ARB IOT Group Limited ("AIGL” or the "Company”) (NASDAQ: ARBB) announced the signing of a Memorandum of Understanding (the "MOU”) between its indirect wholly owned subsidiary, ARBIOT Sdn Bhd, with ASUSTeK Computer Inc.("ASUS”) and ServerSphere to collaborate on global artificial intelligence (AI) server solutions.

All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.

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Author / Journalist: ARB IOT Group Ltd

Category: Technology

Markets: ChinaMalaysiaTaiwan

Topics: KYG0447T1004 Nasdaq:ARBB

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 21:30:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 794 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 23437612

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