UBTECH Robotics Shares Jump Over 7% as Company Deploys Humanoid Robots in Ras Al Khaimah, UAE

Stock News10-23 15:30

UBTECH Robotics (09880) shares surged more than 7%, rising 7.36% to HK$68.6 as of press time, with a trading volume of HK$583 million.

On the news front, according to the company's official WeChat account, UBTECH Robotics recently signed a strategic cooperation memorandum with the International Relations Office of the Ras Al Khaimah government.

Under the cooperation plan, UBTECH Robotics will deploy humanoid robot products in Ras Al Khaimah and dispatch a professional engineering team to carry out on-site demonstration projects. The project will conduct stress tests on intelligent automation solutions in daily operations and harsh environments, accumulating critical real-world testing data to help Ras Al Khaimah enhance its high-tech research and development capabilities and promote the development of the UAE's robotics industry ecosystem.

In the first phase of cooperation, both parties will focus on verifying the actual performance of humanoid robots in complex scenarios, with application scenarios covering industrial automated assembly, intelligent public services, AI-powered elderly care, and cultural tourism services.

Ras Al Khaimah will provide a sandbox testing environment and a forward-looking regulatory framework to promote collaborative innovation between research institutions and industry; UBTECH Robotics will leverage its robot platform, technical infrastructure, and R&D capabilities to jointly advance project implementation.

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