CIMG signs non-binding AI partnership with FLock Technology Holdings

CIMG Inc. (IMG) signed a non-binding memorandum of understanding with FLock Technology Holdings to develop privacy-preserving artificial intelligence solutions and explore acquiring FLOCK tokens as treasury assets.

The partnership focuses on jointly developing LifeNode, an AI-assisted wellness monitoring and recommendation product using FLock’s privacy-preserving technology. The MoU requires both companies to enter a definitive agreement before implementation.

FLock operates a decentralized AI training platform called FLock.io that combines federated learning and blockchain technology. The platform uses a native utility token called FLOCK and enables secure AI model training without centralizing data.

"Our partnership with CIMG Inc. marks a strategic step forward in expanding our privacy-preserving AI capabilities from clinical and institutional healthcare into the consumer health and wellness space," said Jiahao Sun, chief executive officer of FLock.

CIMG plans to conduct a security and value assessment of FLOCK tokens as part of the collaboration. The company currently operates in specialty coffee and consumer food and beverage products but describes itself as specializing in digital health and sales development.

"As virtual assets and blockchain technology continue to gain traction in mainstream business, we see significant growth potential in the digital asset and cryptocurrency sector and are evaluating the acquisition of FLOCK tokens," said Jianshang Wang, chairwoman and chief executive officer of CIMG.

The company’s existing brands include Kangduoyuan, Maca-Noni, Qianmao, Huomao, and Coco-mango. CIMG stated the agreement represents part of its strategic growth initiative, though the non-binding nature means no definitive commitments exist between the parties.