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Investing.com -- Massimo Group (NASDAQ:MAMO) shares fell 11% following the announcement of a strategic cooperation agreement with Shenzhen AIBO Robotics Co., Ltd., a robotics technology company specializing in intelligent service robots.
Under the agreement, MAMO plans to leverage its commercialization capabilities and operational experience to support the introduction and deployment of robotic systems across commercial, retail, service and industrial environments in the United States and China. The company intends to use its U.S.-based assembly and manufacturing capabilities to support localization of robotics products in North America.
AIBO is expected to serve as a strategic robotics technology partner, subject to project-level evaluation and mutually agreed commercial terms.
MAMO also plans to explore intelligent automation and AI-enabled upgrades to its existing golf cart and vehicle platforms. Areas under evaluation include assisted or semi-autonomous navigation, obstacle detection, route management, and remote monitoring. The company intends to assess potential applications in managed environments, including patrol-support and inspection assistance.
The company stated the cooperation aligns with its strengths in equipment assembly, electromechanical integration, and supply chain coordination. MAMO plans to evaluate deployment opportunities across retail terminals, unattended service points, hospitality settings, and healthcare support environments.
"This strategic partnership represents an important step in MAMO’s long-term platform expansion strategy," said David Shan, Chief Executive Officer of MAMO.
The parties expect to define specific commercial terms, including deployment plans, pricing mechanisms, and revenue-sharing structures, through subsequent agreements. The company noted the cooperation agreement represents a preliminary framework, and there is no assurance that any specific deployment, order, or revenue will result.
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