MINIEYE Secures Contract for Unmanned Logistics Vehicle Sales

In a significant development, MINIEYE (ASX: 02431) has announced the formal signing of an Unmanned Logistics Vehicle Product Sales Contract with an independent third-party enterprise located in Henan Province. The securing of this order represents a major milestone for the company, marking a substantial breakthrough in achieving large-scale commercial deliveries and expanding the implementation of its unmanned logistics vehicle business within regional smart logistics scenarios.

Under the terms of the sales agreement, which is founded on principles of equality, mutual benefit, and good faith, the group will supply its self-developed unmanned logistics vehicles and corresponding autonomous driving technology services to the partner. The contract encompasses the sale of 500 unmanned logistics vehicles and related support services. The delivered products are primarily intended for deployment in smart mobility applications such as campus logistics, supermarket operations, and last-mile delivery.

This sales collaboration leverages the group's core strengths in autonomous driving technology, integrated hardware-software research and development, and mass production delivery capabilities. It combines these with the partner's resources and expertise in regional scenario implementation and local operational resource integration, aiming to accelerate the adoption and popularization of autonomous driving technology within the regional smart logistics sector.

The signing of this contract for 500 units signifies a continued acceleration in the commercialization of the company's unmanned vehicle business. It is expected to aid the group in further expanding its market share for unmanned vehicles and integrated solutions, enhancing brand influence, and persistently driving the large-scale commercial application of commercial autonomous driving products in logistics scenarios. This move solidifies the group's leading position within the industry. Furthermore, the partnership establishes a channel into the Central China market, laying a solid foundation for subsequent regional market expansion and continuously strengthening the group's market competitiveness and industry influence.