DealsMay 1, 2026, 04:31 PM
XMax Secures $4.8M AI Model Procurement Agreement
AI Summary
XMax Inc.'s wholly owned subsidiary, XMax AI Inc., has entered into an API Model Procurement Agreement to provide access to its artificial intelligence models. The agreement is valued at approximately $4.8 million over an initial one-year term, with monthly payments of $400,000. XMax also reported firm procurement interest from three other prospective customers and anticipates generating over $30 million in AI-related revenue within the next six to twelve months. This deal represents a significant milestone for the commercialization of XMax's AI platform.
Key Highlights
- XMax AI Inc. secured an API Model Procurement Agreement.
- The agreement is valued at approximately $4.8 million over one year.
- Monthly payments to XMax AI Inc. are $400,000.
- XMax anticipates generating over $30 million in AI-related revenue within 6-12 months.
- Firm procurement interest received from three other prospective customers.
- The agreement has an initial term of one year.