Inno Holdings entered into a Development Services Agreement with a Hong Kong-based AI service provider to build an AI-powered used mobile phone sales and customer acquisition agent. The $3.0 million contract will be paid in five milestone-based installments tied to acceptance of development phases. Inno Holdings will exclusively own all IP created under the project, with confidentiality and use restrictions on the provider. The service term runs through May 31, 2027, with the company able to terminate on 10 days’ notice.
Agreement details:
Agreement type: Development Services Agreement for AI-powered used phone sales agentCounterparty: Hong Kong-based AI service providerSigned / Effective: Jun 08 2026 / sameDuration / Termination: Through May 31 2027; terminable on 10 days’ noticeReason: Develop AI-powered used phone sales and customer acquisition system
Original SEC Filing: INNO HOLDINGS INC. [ INHD ] – 8-K – Jun. 10, 2026
Disclaimer
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.