ACSL Ltd. (ACSL) signed a Memorandum of Understanding (MOU) with Taiwan-based Xiangqi Technology Inc. (“XQTI”) for a strategic distributor partnership for the sale of our products in the Taiwan market on August 4, 2023. Based on this MOU, ACSL are pleased to announce that we have entered into a distributorship agreement with XQTI for the Taiwan area, dated December 27, 2023, as follows.

■Details and reason for distributorship agreement
Policies related to economic security and environmental considerations are accelerating in the global drone market. Taiwan’s policy on government procurement of drones was announced in January 2023, restricting government procurement of Chinese-made drones due to security concerns.
In this market environment, ACSL believe that we can formulate a positioning based on the keywords “economic security,” “enterprise-oriented,” and “application-specific. In the Taiwan market, ACSL concluded an MOU with XQTI, SENTRA INT. Co., Ltd. and Stark Technology Inc. for a strategic distributor partnership to expand sales on August 4, 2023, and we had been promoting the demonstration of the products to customers and exhibiting at local exhibitions through XQTI. In this situation, ACSL’s industrial drones were evaluated as being capable of performing tasks such as infrastructure inspections, crop growth surveys, and disaster surveys.
Against this backdrop, we have decided to conclude a distributorship agreement with XQTI in anticipation of the potential sales of our products in the Taiwanese market and XQTI’s broad customer base. Under the terms of the agreement, we will allow XQTI to sell our products in the Taiwan area.

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