HK Stock Market Move | UBTECH ROBOTICS (09880) rises over 7% as the company establishes a presence in Ras Al Khaimah, UAE, to jointly advance the implementation of humanoid Siasun Robot&Automation projects.

UBTECH ROBOTICS (09880) rose over 7%, up 7.36% as of press time, at HK$68.6, with a turnover of HK$583 million. On the news front, recently, according to UBTECH ROBOTICS' official WeChat account, the company signed a strategic cooperation memorandum with the International Relations Office of the Ras Al Khaimah Government. Under the cooperation plan, UBTECH ROBOTICS will deploy humanoid Siasun Robot&Automation products in Ras Al Khaimah and dispatch a professional engineering team to carry out on-site demonstration projects. The projects will stress-test intelligent automation solutions in daily operations and harsh environments, accumulate key measured data, help Ras Al Khaimah enhance its high-tech R&D capabilities, and promote the development of the UAE's Siasun Robot&Automation industry ecosystem. In the first phase of cooperation, the two sides will focus on verifying the actual performance of humanoid Siasun Robot&Automation in complex scenarios, with application scenarios covering industrial automated assembly, intelligent public services, AI elderly care, and cultural tourism services. Ras Al Khaimah will provide a sandbox testing environment and a forward-looking regulatory framework to promote collaborative innovation between research institutions and industry; UBTECH ROBOTICS will rely on its Siasun Robot&Automation platform, technical infrastructure, and R&D capabilities to jointly advance project implementation.