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SHENZHEN - Lianhe Sowell International Group Ltd (NASDAQ:LHSW), whose stock has surged over 39% in the past week and maintains a GOOD financial health score according to InvestingPro, has secured supply agreements worth approximately $4.3 million to provide AI-driven 3D automatic optical inspection (AOI) solutions to Midea Group, according to a press release statement issued Monday.
The agreements were signed with Shenzhen Hechuan Intelligent Electronics Co., Ltd., which will act as Lianhe Sowell’s agent in supplying the equipment to Midea, one of China’s largest home appliance manufacturers. The company reported that $970,000 worth of equipment has already been delivered. With annual revenues of $36.5 million and a gross profit margin of 26.2%, LHSW has demonstrated its ability to secure significant contracts in the competitive industrial automation sector.
The equipment package includes in-line 3D AOI systems, fully automated 3D optical inspection units, and double-sided DIP coating AOI equipment. These systems will be deployed across Midea’s surface-mount technology manufacturing facilities throughout China.
The AOI systems utilize artificial intelligence, optical imaging, and machine-learning algorithms to detect surface defects and measure dimensions with precision, helping ensure components and finished products meet quality standards.
"Being able to supply our core industrial vision products, now enhanced by AI-powered inspection technology, to the production lines of a leading Chinese home appliance manufacturer represents a significant vote of confidence in our industrial intelligence vision inspection technology," said Yue Zhu, Chief Executive Officer and Director of Lianhe Sowell.
Lianhe Sowell International Group specializes in industrial vision and robotics solutions, focusing on smart transportation, industrial automation, artificial intelligence, and machine vision technologies.
In other recent news, Lianhe Sowell International Group Ltd has successfully exported and commissioned 10 sets of its new generation automated precision vision spray painting robots to a South Korean client, MM Motors Co., Ltd. These robots are now fully operational at a Mercedes-Benz 4S service center in South Korea. This development follows a previous delivery of similar robots to Mercedes-Benz Asia’s Body & Paint Center in Beijing. The company announced the completion of this project, marking a significant achievement in its international operations. The deployment of these advanced robots underscores Lianhe Sowell’s growing presence in the automotive service sector. Such technological advancements could potentially enhance efficiency and precision in automotive painting processes. These recent developments highlight Lianhe Sowell’s commitment to expanding its technological solutions globally.
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