AI
XMax Announces Up to Approximately US$25 million in AI API-Related Service Contracts and Expansion into GPU-as-a-Service
LOS ANGELES, June 26, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (Nasdaq: XMAX) ("XMax" or the "Company") today announced a significant commercial milestone in its artificial intelligence business, reporting that since launching its AI platform initiative, the Company has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately US$25 million, subject to actual service usage and consumption levels. The executed agreements cover enterprise AI model API s
About this update from Xmax, Inc.
LOS ANGELES, June 26, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (Nasdaq: XMAX) ("XMax" or the "Company") today announced a significant commercial milestone in its artificial intelligence business, reporting that since launching its AI platform initiative, the Company has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately US$25 million, subject to actual service usage and consumption levels. The executed agreements cover enterprise AI model API services, cloud infrastructure integration, and value-added AI platform services. The contracts are structured to support enterprise customers seeking scalable AI inference capabilities, secure API connectivity, cloud deployment, technical support, and usage-based commercial models. The Company believes the execution of these agreements demonstrates increasing commercial adoption of its AI platform and validates its strategy of providing enterprise-grade AI infrastructure and model access solutions. In parallel with its API business, XMax has officially entered the GPU-as-a-Service (GPUaaS) market through the execution of its first commercial GPU service agreement. The GPUaaS business complements the Company's API platform by providing dedicated high-performance GPU computing resources to enterprise customers with artificial intelligence training, inference, and high-performance computing requirements. By combining AI API services with GPU infrastructure offerings, XMax is building an integrated AI computing ecosystem capable of supporting customers across multiple layers of AI deployment—from model access and inference APIs to dedicated compute infrastructure. "Our objective has always been to build an enterprise AI platform capable of serving customers with scalable infrastructure and flexible commercial solutions," said Mr. Lu, CEO of XMax Inc. "The execution of AI API service agreements with an aggregate contractual value of up to approximately $25 million, together with our expansion into GPU-as-a-Service, represents meaningful progress in executing our AI growth strategy. We believe these milestones establish an important commercial foundation for the continued expansion of our AI business." The Company expects to continue expanding both its AI API platform and GPU infrastructure offerings while pursuing additional enterprise customers, strategic partners...