Los Angeles, October 7, 2024 / PRNewswire / -- Ispire Technology Inc. ("Fogma Technology" or "Company") (NASDAQ: ISPRA leader in the development and commercialization of nebulization technology and precise dosing today announced a milestone five-year general distribution agreement with ANDS, a leading delivery solutions distributor based in Dubai, covering the Middle East and North Africa regions. This partnership marks a significant step in the expansion of Wuma Technology's global strategy, enabling the company to introduce its Hidden Hills Club product portfolio to the Middle East, North Africa (MENA) region, and global duty-free markets.

Under the agreement, Wuma Technology and ANDS will jointly promote the Hidden Hills Club brand in more than 20 MENA markets, leveraging ANDS' extensive partnership with major duty-free operators to access channels in over 45 airports, cruise ships, airlines, and diplomatic facilities.

"这次合作对雾麻科技来说是一个关键时刻，在我们继续拓展我们的全球足迹时，全球消费者正寻求更健康的替代产品，"雾麻科技联席首席执行官Michael Wang表示道。"通过与ANDS合作，我们进入了全球增长最快的地区之一，该地区产品需求较高，且消费者开始注重追求更健康的替代品。借助ANDS在j监管、法律、合规、品牌建设、销售和分销方面的强大专业知识以及本地市场的洞察力，我们能够将Hidden Hills Club产品系列带入新市场，为消费者提供创新的、更健康的替代产品。"

"我们很高兴能够与雾麻科技合作，将Hidden Hills Club品牌产品及其强大的市场影响力引入MENA地区和全球免税市场，"ANDS联合创始人兼首席执行官Fadi Maayta表示道。"凭借雾麻科技的尖端产品和我们的广泛影响力与专业知识，我们相信此次合作将为消费者提供创新的递送解决方案，为消费者带来低风险产品。我们共同的目标是满足该地区消费者不断变化的需求，同时确保遵守当地法法规。"

MENA地区是替代性产品增长最快的市场之一，在该地区减少危害的理念日益重要。通过此次合作，雾麻科技和ANDS将提供全面的产品系列，满足当地市场的需求和偏好。

About ANDS ANDS is an organization dedicated to helping consumers switch to potentially less harmful products. With decades of experience in delivery solutions, heated products, and fast-moving consumer goods, ANDS firmly believes that consumers should use better alternatives than traditional ones.

ANDS is an organization dedicated to helping consumers switch to potentially less harmful products. With decades of experience in delivery solutions, heated products, and fast-moving consumer goods, ANDS firmly believes that consumers should use better alternatives than traditional ones.

About Ispire Technology Inc.

Wuma Technology is engaged in the research and development, design, commercialization, sales, marketing, and distribution of brand-related atomization products. The company owns or has obtained licenses for more than 200 patents/inventions/designs globally from affiliated parties. Wuma Technology's products are sold under the Aspire brand, primarily distributed globally through its network (excluding the United States, China, and Russia). Wuma Technology currently sells its related atomization hardware only in the United States and has recently undertaken marketing activities in Canada and Europe (mainly the European Union). Please visit our website and follow us on Facebook, Twitter, Instagram, Linkedin, and YouTube.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the amended Securities Act of 1933, Section 21E of the amended Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. These statements are protected by the safe harbor provisions established by the above-mentioned provisions. Forward-looking statements are based on certain assumptions and describe the company's future plans, strategies, and expectations, often identified by words such as "believe," "expect," "may," "will," "should," "seek," "intend," "plan," "target," "estimate," "anticipate," "strategy," "future," "potential," and other forward-looking vocabulary, although not all forward-looking statements contain these identifying words. All statements other than historical facts, including statements regarding the company's strategies, prospects, financial condition, operations, costs, plans, and objectives, are forward-looking statements. Important factors that could cause the company's actual results to differ materially from those indicated in the forward-looking statements include but are not limited to risks and uncertainties: the company's ability to collect accounts receivable in a timely manner; the company's business strategies; the company's ability to launch Ispire ONE in the market; the success of Ispire ONE in achieving its objectives; whether customers can benefit as expected from Ispire ONE and the success of its products in the market; the security validation of Ispire ONE; and other risks and uncertainties described in the company's annual 10-K report as of June 30, 2023, management's discussion and analysis of financial condition and operating results, cautionary notes regarding forward-looking statements, and other risks and uncertainties described in subsequent filings submitted to the U.S. Securities and Exchange Commission. You should not rely solely on forward-looking statements for predicting future events. The forward-looking statements in this press release relate only to events or information as of the date of the press release. We are under no obligation to update or revise any forward-looking statements after the date of the press release, whether as a result of new information, future events, or other circumstances, or to reflect unforeseen events, unless required by law. You should understand that our actual future results may be significantly different from what we expected, so it is important to read this press release in conjunction with all available information.

Contact information

Investor Relations:
Sherry Zheng
718.213.7386
ir@ispiretechnology.com

KCSA Global Strategy Communications
Phil Carlson
212.896.1233
ispire@kcsa.com

Media Relations:
Ellen Mellody
570.209.2947
EMellody@kcsa.com