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Neurowatt Accelerates AI Infrastructure Adoption Across Asia-Pacific with Landmark Partnerships

Strategic alliances with Tedia and Viettel drive breakthroughs in smart retail and enterprise AI transformation

SINGAPORE, Aug. 14, 2025 /PRNewswire/ — Neurowatt, a next-generation AI infrastructure company, today announced two milestone partnerships that mark a major step forward in scaling high-performance AI capabilities across the Asia-Pacific region.

Celebrating a shared vision for next-generation smart retail — Neurowatt and Tedia launch strategic alliance.
Celebrating a shared vision for next-generation smart retail — Neurowatt and Tedia launch strategic alliance.

Partnering with Tedia Technology, a pioneer in intelligent beverage automation, and Viettel, Vietnam’s largest telecommunications provider, Neurowatt is delivering full-stack AI solutions that reshape both consumer innovation and enterprise transformation.

Brewing Business Intelligence: Autonomous Retail with Tedia

Neurowatt specializes in applied AI, robotics, and smart automation. In partnership with Tedia, Neurowatt is powering fully autonomous, AI-driven tea stores for one of the fastest-growing and market-leading tea beverage brands — entirely operated by robotics and managed by a centralized AI “brain”.

This proprietary AI engine orchestrates robotic arms, inventory management, personalized experiences, and real-time analytics, creating a fully automated, data-driven retail model.

“This is more than robotics — it’s about reimagining how business works,” said Peter Lu, Founder and CEO of Neurowatt. “We empower companies to transform repetitive labor into scalable AI capital that directly fuels growth.”

Tedia’s smart hardware, paired with Neurowatt’s AI infrastructure, enables beverage brands to automate operations at scale. This collaboration illustrates Neurowatt’s core mission: transforming traditional, labor-intensive models into intelligent, value-generating systems. With AI-powered automation, businesses can convert operational overhead into digital capital—driving scalability, agility, and profitability.

Scaling AI-Driven Transformation at Viettel

At the enterprise level, Neurowatt is deploying a cutting-edge High-Performance Computing (HPC) platform for Viettel, making it the first telecom operator in Vietnam to   scale AI operations nationwide.

Neurowatt’s hybrid model—integrating its proprietary GPU rental system with a global idle GPU marketplace—enables enterprises like Viettel dynamic scalability without the cost and complexity of managing on-premise infrastructure.

“Viettel’s forward-thinking embrace of AI sets a new benchmark for telecom innovation in Southeast Asia,”continued Mr. Lu,”We’re honored to be part of their journey of turning computing infrastructure into a true engine for innovation and growth.”

By fully deploying its solution within Vietnam, Neurowatt ensures data sovereignty and regulatory compliance, while retaining hybrid-cloud flexibility to support future growth.

Key features include:

  • HPC infrastructure: Enables large-scale deep learning, real-time analytics, and enterprise knowledge mining for advanced AI workloads.
  • Private knowledge base: A custom-built system developed in Vietnamese, enabling smart search and process automation by consolidating internal documentation, meeting records, and workflows
  • Operational automation: Leverages AI-powered task management and intelligent data routing to streamline internal processes, improve efficiency, and reduce operational costs.

Powering the Future of Global AI

Neurowatt is redefining how organizations access and scale compute power. As a software-defined hardware company, Neurowatt delivers modular and flexible infrastructure that accelerates AI development and deployment — empowering everyone from agile startups to multinational enterprises.

At the core of Neurowatt’s platform lies a cross-border AI scheduling system with multi-GPU compatibility, enabling intelligent allocation of compute resources across regions and workloads. This transforms raw compute power into a strategic asset that drives smarter internal operations while accelerating business growth.

Headquartered in Singapore with an R&D hub in Taiwan, Neurowatt is rapidly expanding its global footprint, with active data centers and operations in Vietnam, Abu Dhabi, Oman, Switzerland, and Japan—demonstrating its commitment to delivering localized, high-performance AI solutions worldwide.

About Neurowatt
NeuroWatt is a global AI infrastructure leader specializing in high-performance computing, edge-cloud integration and smart automation. With a portfolio of proprietary technologies, multiple patents, and a rapidly expanding global footprint, Neurowatt empowers organizations to unlock the full potential of AI—driving efficiency, innovation, and growth.

Learn more at: www.neurowatt.ai 

Media Contact: 

Vicki Shao
vicki@neurowatt.ai

 

Coupa Launches Virtual Cards in Japan to Modernize B2B Payments

Coupa Pay Virtual Cards seamlessly integrate into payment workflows powered by AI-driven insights for visibility and control

TOKYO, Aug. 14, 2025 /PRNewswire/ — Coupa, the leading AI platform for total spend management, today announced the launch of its first virtual card capabilities in Japan. Through strategic partnerships with local banks, Coupa will deliver secure and embedded payments in local currency – backed by the power of AI to manage spend more intelligently. This launch marks a significant step in Coupa’s Asia Pacific expansion and its mission to help businesses around the world multiply their margins by optimizing cash, mitigating risk, and controlling spend using the power of Coupa AI. 

With this initiative, virtual cards will be a payment option available in Coupa’s AI-enabled AP automation workflows, and customers in Japan will accelerate and secure supplier payments, reduce fraud through single-use or limited-use virtual cards, improve cash flow, and earn rebate opportunities. By utilizing Coupa’s total spend management platform, customers gain access to $8 trillion in community generated-data that informs Coupa’s AI, reducing manual processes and automating payments reconciliation and approvals.

“As companies in Japan accelerate digital transformation, AI will fundamentally reshape how business gets done – starting with smarter, faster financial operations,” said Salvatore Lombardo, Chief Product & Technology Officer at Coupa. “Coupa’s automated payments solutions unlock new levels of agility, visibility, and control for finance organizations. Our collaboration with payment providers in Japan will modernize spend management, reduce risk, and embrace the future of finance with a secure and efficient way to pay–helping them spend smarter and drive greater value from every yen.”

Coupa was positioned as a Leader in the first-ever IDC MarketScape for Worldwide Embedded Payment Applications 2024–2025 Vendor Assessment (doc #US51793524, December 2024). The IDC MarketScape notes, “Coupa can process payments in full on behalf of the customer. All payments processed in Coupa are integrated back into the ERP with the appropriate payment batches and payment numbers.”

Coupa virtual cards are a part of the Coupa Pay product portfolio, designed to provide customers full visibility and control over payments and liquidity, enabling companies to not only make smarter decisions about their spend, but also on their payments, cash, and working capital. With one single platform to manage payments, Coupa Pay streamlines the payment process and eliminates disparate systems, siloed teams, and manual processes.

“Over the last seven years, we’ve built Coupa Pay into a global payment standard, enabling global customers to pay in almost 200 countries and over 140 currencies across any array of payment types,” said Bill Wardell, GM of Coupa Pay.

For Vacasa, a rapidly growing vacation property management company, Coupa’s embedded payments were instrumental in driving transformation. With over 44,000 homes under management and 70,000 invoices processed monthly, Vacasa needed a scalable, efficient payment system to support its operations across five countries.

Using Coupa Pay, Vacasa reduced its payment processing time from 15 days to under three days — a game-changer for its diverse network of suppliers across 400 global vacation destinations. The introduction of digital checks enabled Vacasa to meet supplier demands for immediate payment, providing a competitive edge in the vacation rental market. Using Coupa, Vacasa successfully achieved its initial public offering while implementing an efficient payments solution that supports its exponential growth and empowers the company to scale and expand into new markets.

Coupa plans to begin onboarding select customers in the coming months through a phased rollout, with the expectation that they will be fully operational by early 2026. Coupa is proud to support more than 50 Japanese enterprises on their digital transformation journeys from sourcing, to procurement, to payments and contracts optimization. Learn more about how Coupa can help your business achieve AI-driven total spend management and margin optimization by visiting www.coupa.com.

About Coupa
Coupa is the leading AI platform for total spend management. Using its trusted, community-generated, $8 trillion dataset, Coupa brings autonomous AI agents, a network of 10M+ buyers and suppliers, and leading apps together on one unified platform to seamlessly automate the buying process and connect to customers in a whole new way. With Coupa, you’ll make margins multiply™. Learn more at coupa.com and follow us on LinkedIn and X (Twitter).

Logo – https://laotiantimes.com/wp-content/uploads/2025/08/coupa_logo-1.jpg 

Zhejiang Completes Power Line Relocation to Support Major Water Infrastructure Project

SHAOXING, China, Aug. 14, 2025 /PRNewswire/ — In the early morning hours of August 4, crews completed the relocation and underground installation of power lines in the village of Shanhuangtang, Xinchang County, Zhejiang Province. “With the lines now placed underground, access for heavy equipment is unobstructed, and the power supply for tunnel construction is safer and more reliable,” said the project manager at the reservoir construction site.

Image Above: State Grid Zhejiang Electric Power crews relocate power lines
Image Above: State Grid Zhejiang Electric Power crews relocate power lines

The Jingling Reservoir is the largest by storage capacity and the single largest investment among Zhejiang’s key national water conservancy projects during the 14th Five-Year Plan period. Designed to provide both flood control and water supply, the reservoir will, once complete, enhance downstream flood protection, address existing gaps in river basin safeguards, protect the lives and property of 2.2 million people, and secure water resources for 4 million residents in both urban and rural areas.

To ensure reliable service for this critical public project, State Grid Zhejiang Electric Power Co., Ltd. implemented a dedicated support plan, working in coordination with the reservoir’s project headquarters to optimize construction schedules and engaging early and extensively with local villages and communities to gain understanding and support. During construction of the Shanhuangtang auxiliary tunnel, high summer temperatures coincided with peak electricity demand. To minimize service impacts for nearby residents, State Grid Zhejiang Xinchang County Power Supply Company used a parallel grid-connection method that allowed crews to cut over to new lines with virtually no noticeable outage. To avoid extreme midday heat and further reduce service disruptions, crews began work at 4 a.m.

The relocation effort converted both high- and low-voltage power lines to underground service, and added two new steel pipe towers and three concrete poles. The upgrades not only met construction power needs but also improved access for large-scale equipment transport in the future.

Xailient Showcases Privacy-Safe AI Solutions at the 2025 Australasian Gaming Expo

SYDNEY, Aug. 14, 2025 /PRNewswire/ — Xailient, the global leader in privacy-safe artificial intelligence for computer vision applications, announced today that it is presenting a groundbreaking safer gaming solution at the Australasian Gaming Expo (AGE), taking place 12-14 August 2025 at the ICC Sydney.

The collaboration will spotlight the integration of Xailient’s Eye-D™ Facial Recognition Technology (FRT) delivering a new industry benchmark for privacy-first, cardless exclusion enforcement that enhances patron protection while simplifying compliance operations.

Reimagining Safer Gaming Through Privacy-by-Design

Unlike traditional entry-point surveillance, Xailient’s FRT is embedded directly into Electronic Game Machines (EGMs), monitoring only the active player and ignoring bystanders. This minimised scope ensures that most venue patrons are never subject to FRT, protecting privacy while enabling precise, effective intervention where it is needed most. This approach enables Gambling Exclusion, not Venue Exclusion, meaning self-excluded patrons can still visit and socialise without stigma, but game machines automatically lock if they attempt to play.

  • No images collected or stored – patrons are “matched” using secure, de-identified faceprints, protecting individual privacy while meeting regulatory needs
  • Higher accuracy, lower intrusion –  integrated EGM cameras offer superior recognition rates and real-time enforcement without broad venue surveillance
  • Edge AI processing – all recognition occurs within the device, avoiding unnecessary data transmission and strengthening cybersecurity 

Through integration with Casino Management Systems, Xailient’s privacy-safe FRT enables the venue’s central monitoring and player management workflows and automated responses such as:

  • Locking a game if a self-excluded patron attempts play
  • Alerting staff for intervention where required
  • Seamlessly integrating with existing loyalty and compliance programs

Xailient Mood Engine detects signs of distress, prevents harm

In a world first, Xailient’s proprietary Mood Engine anonymously monitors game patrons for signs of distress, generating alerts that can be used by Responsible Gaming Officers to intervene in high-risk situations before harm escalates. This real-time, privacy-safe monitoring offers venues a powerful tool for harm minimisation while protecting patron dignity.

Benefits for Venues and Patrons

This integrated solution provides:

  • Safer Gaming: Effective, real-time enforcement of exclusion programs without stigmatizing patrons
  • Easier Operations: Automation reduces manual monitoring and staff confrontation risks
  • Lower Cost: Decentralized, in-machine AI removes the need for costly network upgrades and large central servers 

See It Live at AGE 2025

Attendees of the Australasian Gaming Expo can visit the Xailient booth 543 to experience the technology first-hand, view live demonstrations, and speak with experts from both Xailient and partners.

About Xailient Inc.

Xailient is the world leader in privacy-safe AI for computer vision, with patented Edge AI technology that powers real-time, on-device recognition without compromising privacy. Compliant with privacy and AI regulations in over 80 jurisdictions, Xailient enables devices to See What Matters in industries from gaming to security to smart cities. Learn more at www.xailient.com.

The Sandbox Partners with Laguna Network to Unlock Real-world Cashback for Southeast Asia LAND Owners

SINGAPORE, Aug. 14, 2025 /PRNewswire/ — The Sandbox, a leading social gaming platform and a subsidiary of Animoca Brands, has announced a strategic partnership with Laguna Network, a Web2-to-Web3 gateway backed by Liminal (formerly known as Menyala). This collaboration unlocks a new way for Southeast Asian LAND Owners to earn exclusive bonus SAND cashback and crypto rewards when they shop via the Laguna Network platform.

Empowering The Sandbox Users with Real World Shopping Rewards
Empowering The Sandbox Users with Real World Shopping Rewards

At The Sandbox, we’re always looking for meaningful ways to benefit our community beyond the virtual world. Partnering with Laguna Network allows us to bridge the gap between digital ownership and real-world value, empowering our SEA LAND owners to earn rewards while they shop, travel, and live.Belinda Lim, Regional General Manager (SEA BD) at The Sandbox.

“We are honoured to partner with The Sandbox to provide real-world commercial benefits for virtual landowners. This partnership is a major step forward in our mission to bridge ownership and utility across the digital and real world together with partners like The Sandbox.” Yix, Founder of Laguna Network

The collaboration aligns with both companies’ shared goal of making Web3 experiences more accessible, rewarding, to everyday life. As The Sandbox expands its ecosystem across Southeast Asia, this partnership offers new benefits for the region’s growing base of community members.

To get started, The Sandbox LAND Owners can register with Laguna Network and connect their wallet address holding their LAND. Once connected, they can earn cashback in SAND on eligible transactions made through the Laguna platform.

About The Sandbox

The Sandbox, a subsidiary of Animoca Brands, is an immersive platform in which users play, create, and monetize unique experiences alongside their favorite brands, IPs, and celebrities across gaming, entertainment, music, art, and more. The Sandbox leverages web3 technologies to fully enable end-user creation and creator economies, disrupting existing platforms by providing both players and creators with true ownership of their assets, creations, and rewards as non-fungible tokens (NFTs). Over 400 partners have joined The Sandbox, including Warner Music Group, Gucci, Ubisoft, Paris Hilton, Jurassic World, The Walking Dead, Snoop Dogg, Attack on Titan, Lacoste, Steve Aoki, The Smurfs, and many more. The Sandbox has been named a TIME100 Most Influential Company by TIME Magazine.

For more information, please visit www.sandbox.game and follow regular updates on X, Medium, and Discord.

About Laguna Network

Laguna Network is a Web2-to-Web3 gateway that transforms everyday spending into crypto rewards. Incubated by Liminal (formerly known as Menyala) and supported by Animoca Brands. Laguna lets users earn BTC, ETH, USD₮, and branded tokens simply by shopping with top merchants – no wallet or crypto knowledge required.

Laguna bridges Web2 habits with Web3 value, unlocking new ways to engage, earn, and onboard the next generation of users into crypto. For more information, visit https://laguna.network or follow Laguna on X, Instagram, Facebook, and TikTok.

Shilpa Medicare’s NorUDCA Makes History as First Approved NAFLD Therapy Worldwide

  • Shilpa Medicare emerges as the global pioneer to receive approval for NorUDCA, offering new hope to over a billion people affected by Non-Alcoholic Fatty Liver Disease (NAFLD)
  • NAFLD affects 1 in 4 people globally (1.2 billion), with 188 million patients in India—most undiagnosed until irreversible damage occurs.
  • A Breakthrough in Liver Health: NorUDCA delivers a novel dual-action mechanism, combining anti-inflammatory benefits with enhanced bile acid regulation. This innovative therapy promises to halt the progression of NAFLD to severe liver conditions such as NASH, cirrhosis, and liver failure.
  • Clinically Proven and Safe: Robust clinical trials demonstrate NorUDCA’s significant superiority over placebo in efficacy, with an excellent safety profile and no major adverse events reported

RAICHUR, India, Aug. 14, 2025 /PRNewswire/ — In a landmark moment for global hepatology and Indian pharmaceutical innovation, Shilpa Medicare Limited (BSE: 530661) (NSE: SHILPAMED) has secured the world’s first regulatory approval from India’s Central Drugs Standard Control Organization (CDSCO) for Nor Ursodeoxycholic Acid (NorUDCA) Tablets 500 mg, the first-ever approved therapy targeting NAFLD.

Mr. Vishnukant Bhutada, Managing Director, Shilpa Medicare, hailed the approval as a “transformational leap”:

“Receiving approval for NorUDCA marks a transformational leap—not only for Shilpa Medicare but for millions silently suffering from liver disease. We are honored to be the first company globally to bring this innovative therapy to patients, reflecting our unwavering commitment to pioneering healthcare solutions and expanding access to life-changing treatments across India and beyond. We are excited to launch NorUDCA in India immediately and are actively pursuing approvals worldwide to ensure this vital therapy reaches patients everywhere in need.”

Shilpa Medicare is committed to rapidly commercializing NorUDCA in India and pursuing international regulatory pathways, aiming to bring this life-altering treatment to patients on a global scale

About Shilpa Medicare Limited:

Shilpa Medicare Limited is a fully integrated pharmaceutical group specializing in innovative Oncology and Non-Oncology APIs, Peptides, Polymers, New Biological Entities and differentiated finished dosage formulations such as Orally Dispersible Films and Transdermal Patches. The company offers end-to-end CDMO services to global pharmaceutical partners, supported by four advanced R&D centers and seven manufacturing facilities, consistently driving innovation and quality in healthcare. www.vbshilpa.com

BLUETTI Portable Power Stations Provide Winter Outage Backup and Travel Comfort

SYDNEY, Aug. 14, 2025 /PRNewswire/ — As winter grips Australia, some cities like Canberra have seen more unplanned outages amid high electricity demand. These blackouts aren’t just inconvenient—they can be dangerous, especially for the elderly or those relying on electric heating. A quiet, clean portable power station offer warmth and light indoors, without carbon monoxide risk or loud noise.

BLUETTI Portable Power Stations Provide Winter Outage Backup and Travel Comfort
BLUETTI Portable Power Stations Provide Winter Outage Backup and Travel Comfort

Leading portable power player BLUETTI has been around for over a decade, earning its place with innovative portable power stations and solar generators. Its new Apex 300, Elite 100 V2, and Elite 30 V2 help combat winter cold at home, on the road, or wherever grid power is unavailable.

Heating Homes Without High Power Bills

When an outage leaves the house dark and cold, the Apex 300 home battery delivers 3,840W power (7,680W surge), easily running an 8,100 BTU air conditioner. Its 2,764.8Wh battery keeps lights on and a space heater blowing hot air for hours. If blackouts last longer, users can add extra batteries to increase total capacity to 19.3kWh, providing days of whole-home backup.

High heating demand often comes with high electricity bills. Homeowners can use Apex 300’s Peak Shaving to store low-rate grid power and run homes during peak hours. The efficient SolarX 4K charger can harvest up to 4,000W solar energy to further lower costs.

Stay Comfortable During Winter Adventures

Many Aussies head north for winter camping yet still need reliable power. The 11.3kg Elite 100 V2 portable power station delivers 1,800W (3,600W surge) through multiple outlets, powering essentials like microwaves or electric blankets. With Charger 1, it recharges in just 1.8 hours on the road.

For lighter needs, the 4.3kg Elite 30 V2 portable power station outputs 600W, with 288Wh storage to recharge a 40Wh laptop four times via its 140W USB-C port. Its 1,200W lifting power can also run a mini kettle for a hot brew.

Exclusive Winter Offer: Save Up to 38% + Extra 10%

From August 13 to 28, BLUETTI offers up to 38% off its portable power stations and power kits, including early bird pricing for the Apex 300. Plus, until September 30, use code BLUETTIAPEX for an extra 10% off the Apex 300. Shop now to stay safe and warm at home or on the road.

FIEE Announces Fiscal 2025 First Half Unaudited Financial Results

First Half Revenue of $45,118
Prepaid subscription fees received from customers for our SaaS service were $
1.5 Million.

HONG KONG, Aug. 14, 2025 /PRNewswire/ — FiEE, Inc. (NASDAQ:FIEE) (“FiEE” or the “Company”), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, today announced its unaudited financial results for the three and six months ended June 30, 2025.

Operational and Financial Highlights for the Three and Six Months Ended June 30, 2025

  • Net sales for the three months ended June 30, 2025 were $44,993, a significant increase from 
    $125 for the three months ended March 31, 2025. The increase in net sales was primarily a result of the Company’s strategic transition from legacy hardware operations to software-as-a-service (“SaaS”) solutions, with a new focus on integrating artificial intelligence and data analytics into content creation and brand management. The Company secured its first customer orders and generated initial sales, marking a critical milestone in the strategic pivot. Net sales for the six months ended June 30, 2025 were $45,118, down from $639,893 year-over-year, which was primarily due to our strategic business transformation.
  • As of June 30, 2025, the Company onboarded 245 customers, representing a considerable increase compared to 1 new customer upon launching its SaaS services on March 28, 2025, illustrating the early traction of our new SaaS products. Prepaid subscription fees received from customers for our SaaS service were $1.5 million which highlights the early traction of our SaaS offerings.
  • Gross profit for the six months ended June 30, 2025 was $438, down from $207,259 for the six months ended June 30, 2024, which was primarily due to our strategic business transformation.
  • Net loss for the six months ended June 30, 2025 was $1,013,590 representing a significant improvement as compared to a net loss of $3,746,867 in the first half of 2024. The narrowing of our net loss highlights the early success of our strategic transition.
  • Net cash provided by operating activities for the six months ended June 30, 2025 was $171,955, comparing with the cash used from operating activities of $2,878,506 in the first half of 2024.

Rafael Li, Chief Executive Officer of FiEE, commented, “FiEE has been undergoing a strategic transition from legacy hardware operations to redefine brand management solutions in the digital era. We are glad to present the first financial statement after the strategic transformation. Despite being at the early stage of the transition, we have seen several encouraging figures, showing that our hardship has paid off and resulted in early successes. First, we have achieved new customers adopting our SaaS solution in the second quarter. Prepaid subscription fees received from customers for our SaaS service were $1.5 million, which marked a significant milestone for our new business. We anticipate adding additional customers in the near future with increasingly sophisticated product offerings. In addition, we have greatly reduced our net loss in the first half of 2025, as a result of our strengthened cost management and new business development.”

Mr. Li further mentioned, “New growth areas required upfront capital associated with market entry and product deployment. To accelerate our growth, we have recently acquired advanced technologies including product authentication featuring systematic algorithmic verification and certification, high-efficiency file transfer systems and KYC solutions for robust and efficient data protection, powering our SaaS products. We are providing comprehensive protection for original creations, digital arts, NFTs, and exclusive content, aiming to cultivate an expansive KOL community. This marks an exciting development for our Company, and we are confident in our path towards sustainable growth and enduring value.”

Financial Results for the Six Months Ended June 30, 2025

Net Sales were $45,118, compared to $639,893 in the same period of fiscal year 2024.

 

Net Sales

 

Six Months Ended

%

June 30 2025

June 30 2024

change

$

$

YoY

Product sales

•         Cable modems & gateways

638,804

(100 %)

•         Other network products

1,089

(100 %)

•         SaaS – MCN digital services

45,118

N/A

Total

45,118

639,893

(93 %)

 

Gross profit was $438, compared to $207,259 in the same period of 2024.

Gross margin was 1.0%, compared to 32.4% in the same period of 2024. It was not representative of future trends, as the new business was in its initial launch phase during this period, incurring elevated upfront costs associated with market entry, product deployment, and operational ramp-up.

Operating expenses were $1,008,470, representing a decrease of 74.6% from $3,965,424 in the same period of 2024.

  • Selling and marketing expenses were $16,811, representing a decrease of 74.6% from $66,171 in the same period of 2024. The decrease was primarily due to (i) reduction in sales support costs in 2024 and (ii) lower operational scale during the initial phases of business development in 2025. For the remainder of fiscal year 2025, our selling and marketing expenses may fluctuate based on actual net sales and the timing and scope of marketing programs.
  • General and administrative expenses were $944,240, representing a decrease of 40.4% from $1,585,030 in the same period of 2024. The decrease was primarily due to our business transformation from hardware-focus to software-focus, along with the Company’s cost reduction efforts.
  • Research and development expenses were $47,419, representing an decrease of 58.1% from $113,294 in the same period of 2024. The research and development expenses incurred in 2025 were primarily used for software subscriptions and support costs. In the first quarter of 2025, we partnered with a new vendor to develop the “FiEE All-in-One Media Operations SaaS Platform” which is designed to provide content creation, multi-platform publishing, data analytics, and collaboration tools for media teams and individual creators.

Operating loss was $1,008,032, representing a reduction of loss by 73.2% comparing with the same period of 2024.

Net loss was $1,013,590, representing a reduction of loss by 72.9% comparing with the same period of 2024.

Diluted net loss per share was $0.2, representing a reduction of loss by 84.3% comparing with the same period of 2024.

Total cash and cash equivalents were $4,504,079, compared to $30,162 as of December 31, 2024.

About FiEE, Inc.

FiEE, Inc. (NASDAQ:FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering comprehensive WiFi/Software as a Service platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.

FiEE, Inc.’s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SAAS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative Software as a Service solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has led to the nurturing of a robust pool of KOLs on major social media platforms worldwide, assisting them in developing, managing, and optimizing their digital presence across global platforms. FiEE, Inc.’s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business transformation and (iii) our long-term growth objectives and opportunities.

By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

 

(financial tables follow)

 

FIEE, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED

BALANCE SHEETS

June 30,
2025

(Unaudited)

December 31,

2024

$

$

ASSETS

Current assets

Cash and cash equivalents

4,504,079

30,162

Other receivable

519,822

Prepaid expenses and other current assets

179,742

134,757

Total current assets

5,203,643

164,919

Property, equipment and software, net

268,416

119,871

Operating lease right-of-use assets, net

59,236

Intangible assets

1,269,658

Deferred offering costs

150,000

Other assets

99,664

22,245

Total assets

7,050,617

307,035

LIABILITIES AND STOCKHOLDERS’ EQUITY
(DEFICIT)

Current liabilities

Accounts payable

143,414

Contract liabilities

1,468,346

Other payables

1,527,933

Accrued expenses and other current liabilities

756,732

293,613

Convertible note payable to related party

305,425

Current maturities of operating lease liabilities

58,801

Total current liabilities

4,117,237

437,027

Total liabilities

4,117,237

437,027

Stockholders’ equity (deficit)

Preferred stock

1,639,779

1,639,779

Common stock

62,244

37,138

Additional paid-in capital

98,936,041

94,886,147

Accumulated deficit

(97,707,603)

(96,694,013)

Accumulated other comprehensive income

2,919

957

Total stockholders’ equity (deficit)

2,933,380

(129,992)

Total liabilities and stockholders’ equity (deficit)

7,050,617

307,035

 

 

FIEE, INC. AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED

STATEMENTS OF OPERATIONS SHEETS

  Six Months ended

June 30,
2025

(Unaudited)

June 30,

2024

$

$

Net sales

45,118

639,893

Cost of sales

44,680

432,634

Gross profit

438

207,259

Operating expenses:

Selling and marketing

16,811

66,171

General and administrative

944,240

1,585,030

Research and development

47,419

113,294

Vendor liability forgiveness, net of asset transfers

2,200,929

   Total operating expenses

1,008,470

3,965,424

Operating loss

(1,008,032)

(3,758,165)

Other income (expense):

Interest income (expense), net

(5,427)

82

Foreign currency exchange loss

(131)

Total other income (expense)

(5,558)

82

Loss before income taxes

(1,013,590)

(3,758,083)

Income tax benefit

(11,216)

Net Loss

(1,013,590)

(3,746,867)

Net loss per share:

      Basic and diluted

(0.20)

(1.27)

 

Basic and diluted weighted average common and

common equivalent shares

 

 

5,090,949

 

 

2,946,355