CLPS Incorporation signs framework agreement with emerging automotive brand to provide end-to-end IT services for its future electric vehicles
Posted: October 8, 2021 at 7:30 a.m. CDT|Update: October 28, 2021 at 7:30 a.m. CDT
HONG KONG, 28 October 2021 / PRNewswire / – CLPS Incorporation (the âCompanyâ or âCLPSâ) (Nasdaq: CLPS), today announced that, through its majority-owned subsidiary, JAJI (Shanghai) Co., Ltd., it has entered into a framework agreement (the âAgreementâ) with an emerging brand of premium intelligent pure electric cars in China (the âCustomerâ) to provide end-to-end IT consulting services for its newly launched electric vehicles (EVs).
The Client is a new player in the electric vehicle market founded by a leading Chinese state-owned automobile company. It is committed to developing high-end smart electric sedans and SUVs, its flagship model of which is expected to be mass-produced by the end of 2021. As part of this cooperation, CLPS will provide a full range of IT consulting services involving technological components. and applications for customer’s first and subsequent electric vehicles including, but not limited to, electric power system, intelligent driving system, intelligent operating system, and community operation. car owners, among others. In addition, the two sides agreed to jointly promote a revolutionized driving experience at the height of the intelligent age.
Sir. Henri li, COO of CLPS, said: âAutomotive is one of our four key business areas that has seen significant improvement over the past few years, both in terms of business development and financial perspectives. This cooperation is a breakthrough for us in the domestic automotive market, a reflection of our success in seeking opportunities in the intelligent vehicle market. In addition, our cooperation with the customer will allow further integration of our core services in R&D and manufacturing of the intelligent automotive industry, as well as opening more doors for innovative applications in the aforementioned fields. sector.”
Sir. Raymond Lin, CEO of CLPS, commented: âOur cooperation with the customer will be the main driver of our future growth in the automotive field. We adhere to our strategy of twin-engine growth through continued market penetration to offer IT consulting services in industries such as automotive, while constantly innovating in our IT solutions built with cutting edge technologies. Likewise, we will take advantage of our global footprint, particularly in Asia market to explore such an opportunity.
For the year ended June 30, 2021, the turnover of CLPS in the automotive sector increased by 132.0%, compared to $ 3.6 million To $ 8.5 million in the period of the previous year. It represents 6.7% of total turnover against 4.1% during the previous financial year.
About the company CLPS
Based at Hong Kong, CLPS Incorporation (the âCompanyâ (Nasdaq: CLPS) is one of the world’s leading providers of information technology (âITâ) consulting services and solutions focusing on the banking, corporate and financial sectors. Insurance and Financial Services The Company serves as an IT solutions provider to a growing network of clients in the global financial services industry, including major financial institutions in the United States, Europe, Australia, South East Asia and Hong Kong SAR, and their data centers based in the PRC. The Company maintains 19 delivery and / or research and development centers to serve different customers in various geographic locations. Continent China the centers are located in Shanghai, Beijing, Dalian, Tianjin, Baoding, Xi’an, Chengdu, Canton, Shenzhen, Hangzhou, and Hainan. The other eight global centers are located in Hong Kong SAR, United States, Japan, Singapore, Malaysia, Australia, India, and The Philippines. For more information about the Company, please visit: https://ir.clpsglobal.com/, or follow CLPS on Facebook, LinkedIn, and Twitter.
Some of the statements made in this press release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements regarding the beliefs, plans, objectives, goals, expectations, expectations, assumptions, estimates, intentions and future performance of the Company. Known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company, may cause actual results and performance of the Company to differ materially from these forward-looking statements. All such statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, the risks and uncertainties relating to the Company’s expectations regarding growth, performance and results. future operations of the Company, the Company’s ability to capitalize on various business, mergers and acquisitions, technology and other related opportunities and initiatives, as well as the risks and uncertainties described in the latest reports and documents filed by the Company with the SEC. These reports are available on request from the Company or the Securities and Exchange Commission, including on the SEC’s website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any forward-looking statements after the date hereof, or after the respective dates on which such statements otherwise are made.
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