INNOSCIENCE (02577) concludes strategic cooperation with Midea's Weiling.

INNOSCIENCE (02577) announced that the company has recently reached a strategic cooperation with Guangdong Weiling Electric Motor Manufacturing Co., Ltd. (Midea Weiling), successfully making a breakthrough in the field of household appliance motor drives. The two parties have jointly invested resources, focusing on the expansion of gallium nitride in the application of household air conditioner motors, innovating research and development, promoting the application of new gallium nitride products and solutions in the household appliance, especially air conditioning field, leading the technological upgrading and iteration of the air conditioning industry. The product mass-produced by Midea Weiling this time is the company's Gen3.0 high-voltage 700V half-bridge gallium nitride chip product. Previously, the company's 700V high-voltage gallium nitride products have been successfully mass-produced in the field of Midea range hoods. This indicates that the company's strategic cooperation with Midea Group Co., Ltd. is continuing to deepen.