HK Stock Market Move | ROBOTPHOENIX (06871) surged over 8% in morning trading as the company reached a strategic cooperation agreement with the local Saudi company Siasun Robot & Automation, Swarm Robotics.

ROBOTPHOENIX (06871) rose over 8% in early trading, and as of this report, it is up 3.83%, priced at HKD 29.8, with a transaction volume of HKD 7.7711 million. In terms of news, ROBOTPHOENIX recently announced the formal signing of a strategic cooperation agreement with the local Saudi company Siasun Robot & Automation, Swarm Robotics. Swarm Robotics, headquartered in Riyadh, Saudi Arabia, is a local benchmark enterprise deeply engaged in the fields of industrial Siasun Robot & Automation and intelligent logistics. The company's core business encompasses the research and development of industrial robotic arms, Autonomous Mobile Siasun Robot & Automation (AMR), and comprehensive industrial automation solutions, serving multiple mainstream industries including manufacturing, warehousing and logistics, new energy, and light industry. According to the agreement, ROBOTPHOENIX is responsible for providing SCARA Siasun Robot & Automation, Delta parallel Siasun Robot & Automation, flexible handling and sorting equipment, as well as non-standard complete line solutions, utilizing its self-developed controllers and vision systems to specifically adapt to the high temperatures and dust-laden conditions of Saudi industry. Swarm Robotics is responsible for local market development, production line commissioning, lifelong operation and maintenance, and full-process technical training for engineers.