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SINGAPORE - Super X AI Technology Limited (NASDAQ:SUPX) announced Monday that its wholly-owned subsidiary has entered into a joint venture agreement with Enervell Power Pte. Ltd., a Singapore subsidiary of Hangzhou Zhonhen Electric Co., Ltd. (Shenzhen:002364), to establish a new entity called SuperX Digital Power Pte. Ltd. Zhonhen Electric, which has seen its stock surge over 370% in the past year according to InvestingPro data, brings strong financials to the partnership with a healthy balance sheet and 23% revenue growth.
The joint venture aims to deliver High-Voltage Direct Current (HVDC) solutions to the global market, excluding Mainland China, Hong Kong, and Macau. According to the press release, the partnership will combine Zhonhen Electric’s HVDC technology with SuperX’s AI data center expertise. InvestingPro analysis shows Zhonhen Electric maintains a strong financial health score of GREAT, with a current ratio of 2.01 indicating solid operational stability.
The companies state that HVDC technology reduces power conversion stages from 4-5 to 1-2, potentially increasing end-to-end efficiency from approximately 85-90% to over 96%. The technology also eliminates certain equipment, which the companies claim can free up facility space and lower total cost of ownership.
"The race in AI is also a race for energy efficiency," said Kenny Sng, CTO of SuperX, in the announcement.
The joint venture represents a vertical integration for SuperX, expanding its capabilities from AI compute infrastructure to power technology. The partnership comes as next-generation GPUs continue to increase power consumption requirements for data centers.
Hangzhou Zhonhen Electric, founded in 1996 and listed on the Shenzhen Stock Exchange since 2010, provides digital energy solutions across several sectors including green ICT infrastructure and new power systems. Based on InvestingPro Fair Value analysis, the stock appears overvalued at current levels, though subscribers can access 15+ additional ProTips and detailed valuation metrics to make informed investment decisions.
Super X AI Technology Limited offers AI infrastructure solutions including hardware, software, and services for AI data centers through its Singapore-based subsidiaries.
The information in this article is based on a press release issued by SuperX AI Technology Limited.
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