{"success":true,"data":{"pressRelease":{"id":"17581","rtpr_id":"nGNXbkPdKJ","ticker":"XWIN","exchange":"NASDAQ","all_tickers":["XWIN"],"title":"XMax Announces AI Model Agreement, Marking Major Milestone for its AI Business","author":"Globe Newswire","published_at":"2026-05-01T20:30:00.225Z","article_body":"LOS ANGELES, May 01, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, the\n“Company” or “XMax”) today announced that its wholly owned subsidiary,\nXMax AI Inc., has entered into an API Model Procurement Agreement (the\n“Agreement”) to provide its customers access to XMax’s artificial\nintelligence models through API-based (Application Programming Interface)\nservices. The total price of the agreement is approximately $4.8 million, with\nmonthly payments of $400,000 to XMax AI, Inc. The actual pricing may vary\ndepending on the customer’s usage of AI model services.\n\nThese services are provided via XMax’s recently deployed AI platform,\nenabling the customer to integrate, distribute, and commercialize these\ncapabilities globally under its own branding. The agreement has an initial\nterm of one year.\n\nXMax has also received firm procurement interest from three other prospective\ncustomers. Discussions with these parties are currently underway. Building on\nthis momentum and ongoing business development efforts, the Company further\nanticipates generating over $30 million in AI-related revenue within the next\nsix to twelve months, based upon current projects in discussion and subject to\ncontract negotiations and market conditions.\n\nThe AI services provided under the Agreement are designed to meet\nenterprise-grade performance standards. The platform supports high\navailability and scalable deployment, enabling customers to efficiently\nintegrate advanced AI capabilities into their commercial applications.\n\n“This agreement represents a significant milestone in the commercialization\nof our AI platform,” said Xiaohua Lu, CEO of XMax Inc. “It validates both\nthe technical strength of our infrastructure and the growing market demand for\nscalable AI solutions. As we continue to expand our customer base, we believe\nAI will become a key driver of the Company’s future growth.”\n\nXMax remains focused on expanding its AI ecosystem, including model\ninfrastructure, API orchestration, and enterprise deployment capabilities,\nwith the goal of building a sustainable and high-growth AI revenue platform.\n\nAbout XMax Inc.\nHeadquartered in Commerce, California, XMax Inc. (NASDAQ: XWIN), formerly\nknown as Nova LifeStyle, Inc., is a diversified company engaged in the\ndevelopment of artificial intelligence technologies, including AI software and\nplatform-based services, as well as the design, sourcing, and distribution of\ncontemporary furniture. The Company is expanding into artificial intelligence\ntechnologies to support future growth, while continuing to operate through an\nestablished global network of suppliers, distributors, and e-commerce channels\nfor its furniture business. By leveraging both its emerging technologies and\ntraditional operations, the Company aims to drive diversification and\nlong-term value creation.\n\nAbout XMax AI Inc.\nXMax AI Inc. is a wholly owned subsidiary of XMax Inc. focused on the\ndevelopment of AI-driven software platforms, inference infrastructure, and\nscalable AI application services. The company is building an integrated\nplatform designed to support multi-model AI deployment, intelligent routing,\nand AI-enabled business solutions.\n\nForward-Looking Statements\n\nThis press release may contain forward-looking statements within the meaning\nof Section 27A of the Securities Act of 1933, as amended, and Section 21E of\nthe Securities Exchange Act of 1934, as amended, including, among others, our\nability to fully resume our operations and remain financially healthy, our\nexpected future growth prospects. All statements other than statements of\nhistorical fact are, or may be deemed to be, forward-looking statements. In\nsome cases, forward-looking statements can be identified by the use of\nforward-looking terms such as “anticipate,” “estimate,” “believe,”\n“continue,” “could,” “intend,” “may,” “plan,”\n“potential,” “predict,” “should,” “will,” “expect,”\n“objective,” “projection,” “forecast,” “goal,” “guidance,”\n“outlook,” “effort,” “target,” “trajectory,” “focus,”\n“work to,” “attempt,” “pursue,” or the negative of these terms or\nother comparable terms. However, the absence of these words does not mean that\nthe statements are not forward-looking. These forward-looking statements are\nbased on certain assumptions and analyses made by us in light of our\nexperience and our perception of historical trends, current conditions and\nexpected future developments, as well as other factors we believe are\nappropriate in the circumstances.\n\nInvestor Relations Contact\n\nICR LLC.\n\nXMaxIR@icrinc.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e10d1bfc-a129-4ecb-a8d1-7a1d339f22eb)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbkPdKJ","title":"XMax Announces AI Model Agreement, Marking Major Milestone for its AI Business","author":"Globe Newswire","ticker":"XWIN","created":"2026-05-01T20:30:00.225Z","tickers":["XWIN"],"exchange":"NASDAQ","article_body":"LOS ANGELES, May 01, 2026 (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ: XWIN, the\n“Company” or “XMax”) today announced that its wholly owned subsidiary,\nXMax AI Inc., has entered into an API Model Procurement Agreement (the\n“Agreement”) to provide its customers access to XMax’s artificial\nintelligence models through API-based (Application Programming Interface)\nservices. The total price of the agreement is approximately $4.8 million, with\nmonthly payments of $400,000 to XMax AI, Inc. The actual pricing may vary\ndepending on the customer’s usage of AI model services.\n\nThese services are provided via XMax’s recently deployed AI platform,\nenabling the customer to integrate, distribute, and commercialize these\ncapabilities globally under its own branding. The agreement has an initial\nterm of one year.\n\nXMax has also received firm procurement interest from three other prospective\ncustomers. Discussions with these parties are currently underway. Building on\nthis momentum and ongoing business development efforts, the Company further\nanticipates generating over $30 million in AI-related revenue within the next\nsix to twelve months, based upon current projects in discussion and subject to\ncontract negotiations and market conditions.\n\nThe AI services provided under the Agreement are designed to meet\nenterprise-grade performance standards. The platform supports high\navailability and scalable deployment, enabling customers to efficiently\nintegrate advanced AI capabilities into their commercial applications.\n\n“This agreement represents a significant milestone in the commercialization\nof our AI platform,” said Xiaohua Lu, CEO of XMax Inc. “It validates both\nthe technical strength of our infrastructure and the growing market demand for\nscalable AI solutions. As we continue to expand our customer base, we believe\nAI will become a key driver of the Company’s future growth.”\n\nXMax remains focused on expanding its AI ecosystem, including model\ninfrastructure, API orchestration, and enterprise deployment capabilities,\nwith the goal of building a sustainable and high-growth AI revenue platform.\n\nAbout XMax Inc.\nHeadquartered in Commerce, California, XMax Inc. (NASDAQ: XWIN), formerly\nknown as Nova LifeStyle, Inc., is a diversified company engaged in the\ndevelopment of artificial intelligence technologies, including AI software and\nplatform-based services, as well as the design, sourcing, and distribution of\ncontemporary furniture. The Company is expanding into artificial intelligence\ntechnologies to support future growth, while continuing to operate through an\nestablished global network of suppliers, distributors, and e-commerce channels\nfor its furniture business. By leveraging both its emerging technologies and\ntraditional operations, the Company aims to drive diversification and\nlong-term value creation.\n\nAbout XMax AI Inc.\nXMax AI Inc. is a wholly owned subsidiary of XMax Inc. focused on the\ndevelopment of AI-driven software platforms, inference infrastructure, and\nscalable AI application services. The company is building an integrated\nplatform designed to support multi-model AI deployment, intelligent routing,\nand AI-enabled business solutions.\n\nForward-Looking Statements\n\nThis press release may contain forward-looking statements within the meaning\nof Section 27A of the Securities Act of 1933, as amended, and Section 21E of\nthe Securities Exchange Act of 1934, as amended, including, among others, our\nability to fully resume our operations and remain financially healthy, our\nexpected future growth prospects. All statements other than statements of\nhistorical fact are, or may be deemed to be, forward-looking statements. In\nsome cases, forward-looking statements can be identified by the use of\nforward-looking terms such as “anticipate,” “estimate,” “believe,”\n“continue,” “could,” “intend,” “may,” “plan,”\n“potential,” “predict,” “should,” “will,” “expect,”\n“objective,” “projection,” “forecast,” “goal,” “guidance,”\n“outlook,” “effort,” “target,” “trajectory,” “focus,”\n“work to,” “attempt,” “pursue,” or the negative of these terms or\nother comparable terms. However, the absence of these words does not mean that\nthe statements are not forward-looking. These forward-looking statements are\nbased on certain assumptions and analyses made by us in light of our\nexperience and our perception of historical trends, current conditions and\nexpected future developments, as well as other factors we believe are\nappropriate in the circumstances.\n\nInvestor Relations Contact\n\nICR LLC.\n\nXMaxIR@icrinc.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/e10d1bfc-a129-4ecb-a8d1-7a1d339f22eb)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-01T20:30:00.277465386Z","server_sent_at_ms":1777667400277},"received_at":"2026-05-01T20:30:00.386Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}