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BGM Group Ltd. Pioneers Innovation in AI and Intel Technology, Fostering Holistic Integration of Healthcare and Insurtech

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CHENGDU, China, Nov. 29, 2024 /PRNewswire/ — BGM Group Ltd. (NASDAQ: BGM) (“the Company” or “BGM”), a leading global pharmaceutical enterprise, today announced its acquisition of the intelligent platform of AIX Inc. (NASDAQ: AIFU) (“AIX”) valued at 1 billion RMB (approximately $140 million). The intelligent platform encompasses AIX’s subsidiaries – RONS Intelligent Technology (Beijing) Co., Ltd. (“RONS Technology”) and Shenzhen Xinbao Investment Management Co., Ltd. (“Xinbao Investment”). Completion of the transaction is anticipated by the end of 2024.

Through this strategic acquisition, BGM formally ventures into the domains of AI intelligent technology and financial and insurance services, setting the stage for diversified growth beyond biopharmaceuticals and inaugurating a new era for the Company in the digital and intelligent landscape.

Mr. Xin Chen, CEO of BGM, commented, “AIX’s efforts in digital innovation and intelligent transformation have yielded remarkable outcomes. Their accumulated technology and expertise will serve as a crucial reference for our own transformation in the pharmaceutical and healthcare sectors. This collaboration will not only bolster BGM’s technological capabilities but also expedite our strategic development, enabling us to deliver more efficient and intelligent solutions to the global market. This partnership represents a mutually beneficial opportunity and I am optimistic about our future together.”

Mr. Hu Yinan, CEO of AIX, stated, “Intelligent technology is the future of the insurance sector. AIX’s intelligent platform has already exhibited significant potential within the industry. However, broader advancement requires an open industry perspective and ecological support. Partnering with BGM will allow our platform to reach a wider user base and unlock greater potential for AI technology beyond the insurance realm. Furthermore, this collaboration aligns with national elderly care policies and promotes the growth of the silver economy. By extending our intelligent capabilities from insurance into the pharmaceutical and healthcare sectors, we aim to facilitate industry transformation through technology and propel AIX’s growth. AIX will maintain its role as the primary user of the intelligent platform, actively investing resources to maximize its technological capabilities. We are confident that this collaboration will create new opportunities for both AIX and the intelligent platform, enhancing value for our customers, industry partners, and shareholders.”

Founded in 2009, RONS Technology, a wholly-owned subsidiary of AIX, specializes in developing digital and intelligent technologies for the financial and insurance industries. RONS Technology boasts extensive experience in insurtech, having introduced disruptive innovations through its RONS Open Platform and flagship product Du Xiaobao. RONS Technology has steadily built a strong presence within the insurtech landscape, offering substantial growth potential and development opportunities.

Established in 2004, Xinbao Investment has developed a professional integrated online and offline insurance trading and service platform known as “Baowang”. Baowang provides comprehensive risk protection solutions for individuals, families, and small to medium-sized enterprises through the integration of technology, products, and services. The platform currently offers over 300 flagship products from more than 30 insurance companies, addressing various protection needs such as critical illness, term life, accident, health, travel, and corporate insurance.

By acquiring RONS Technology and Xinbao Investment, BGM will effectively integrate resources from intelligent technology and biopharmaceuticals, creating a new landscape for the synchronized development of “healthcare, medicine, and insurance” in the global market. The technological innovations from RONS Technology, particularly the pioneering achievements of Du Xiaobao in insurance sales, will empower BGM to strengthen its competitive advantage at the intersection of medical technology and insurance technology, offering users comprehensive and intelligent healthcare and insurance solutions while further expanding its global influence.

Moreover, RONS Technology and Xinbao Investment will benefit from enhanced development opportunities arising from this transaction. BGM’s robust presence in the healthcare sector, especially its extensive footprint in the global pharmaceutical market, will provide additional application scenarios for the products and services of both entities. RONS Technology and Xinbao Investment intend to leverage BGM’s international market network and pharmaceutical expertise to explore novel development models within the healthcare and insurance industries, continuously broaden their market reach, and serve as potent profit generators for BGM in the future.

About BGM Group Ltd

BGM Group Ltd,headquartered in Chengdu, China, is an innovative company dedicated to the fields of biopharmaceuticals, bio-extraction, and medical health. Our current product range includes oxytetracycline APIs, licorice preparations, and crude heparin sodium. The oxytetracycline API not only provides raw materials for pharmaceutical companies to produce human antibiotics but also supports the global breeding and livestock industries to ensure the safety of poultry and seafood. The crude heparin sodium, after processing by downstream companies, is transformed into refined heparin sodium and heparin sodium injection solutions, which are major anticoagulants. Licorice preparations, such as compound licorice lozenges, are used as cough suppressants and supplied to retail pharmacies. For more information, visit the Company’s website at: https://www.bgmgroupltd.com/

Forward-looking Statements

This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, “anticipates”, “future”, “intends”, “plans”, “believes”, “estimates”, “target”, “going forward”, “outlook” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:
info@qiliancorp.com
xinchen@qiliancorp.com 

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SOURCE BGM Group Ltd

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Infrasense Completes Subsurface Utility Engineering (SUE) Survey in Essex County, Massachusetts

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Infrasense recently performed a subsurface utility engineering (SUE) survey for an interstate in Massachusetts. All four industry standard quality levels were employed for this project from a comprehensive as-built records search (QL-D) to targeted test pitting for visual verification and direct measurements (QL-A). The geophysical survey (QL-B) utilized a high-resolution 3D ground-penetrating radar (3DGPR) system, and a thorough electromagnetic induction (EMI) investigation carried out by experienced utility locators.

SALEM, Mass., Nov. 29, 2024 /PRNewswire-PRWeb/ — Infrasense was tasked with completing a SUE survey to designate and locate underground utilities along a state highway road in Essex County, Massachusetts as part of rehab planning of an overpass. The survey included a QL-C level investigation using the record drawings, a QL-B investigation of all potential utilities and subsurface obstructions using geophysical methods (GPR and EMI), followed up by Level A potholing at 7 locations to measure precise depths of the individually mapped utilities at the clients’ specified locations.

The GPR data collection for the QL-B component was completed using our Impulse Radar Raptor-45 multichannel array GPR system. The Raptor system was deployed using the 18-channel vehicle mount setup for the roadway collection, and then with the 8-channel cart-based setup for sidewalk and shoulder collection. The 3-D array uses RTK GPS for location tracking and a total of eight 450-MHz GPR antennas simultaneously collecting subsurface information along 5.5-foot-wide swaths at traffic speed down to depths of approximately 10 feet for this project. As part of the ASCE 38-22 specification, the GPR data collection was completed in conjunction with an electromagnetic induction (EMI) pipe and cable locator tool (RD8200) to trace out the position of any utilities that were accessible from manholes, utility poles, water meters, hydrants, etc., and any active electrical lines which are detectable without direct access. Utilities identified by way of EMI were marked on the surface using paint and then recorded using RTK GPS.

The results of the project were compiled into a digital map integrating the GPR and EMI datasets. The array GPR data was assembled into a representative 3D model of the project for analysis using depth slice review, and advanced mapping toolsets in the Impulse Radar Condor software package. The GPR results are transferred into CAD software and then integrated with the EMI results to confirm service types and finalize target identification. Using these results, we coordinated with the client to determine the 7-test pit locations for full QL-A location information of the desired utilities, including communication, water, and gas lines. The test pit elevation information was used to calibrate the depth results before final submittal.

About Infrasense, Inc.
Since 1987, Infrasense, Inc. has applied advanced technologies to address the most difficult challenges in subsurface scanning. Infrasense’s engineers nondestructively extract critical information from a diverse range of structures. In addition to providing ongoing subsurface evaluation services to clients across the country, the firm has also conducted numerous research programs to advance the field of subsurface detection and nondestructive evaluation. To learn more about Infrasense and the services we provide, visit our website: http://www.infrasense.com.

Media Contact

Lily Strickler, Infrasense, Inc., 781-281-1686, info@infrasense.com, http://www.infrasense.com

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SOURCE Infrasense, Inc.

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POWER UP THE HOLIDAYS WITH iBUYPOWER’S ANNUAL BLACK FRIDAY SALES ON PREBUILT AND CUSTOM GAMING PCS

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Exclusive Limited Time Sales Now Live on Top System Integrator’s Gaming PC Lineup

CITY OF INDUSTRY, Calif., Nov. 29, 2024 /PRNewswire-PRWeb/ — To close out its 25th anniversary servicing the PC gaming community with high-quality prebuilt and custom gaming computers, the leading system integrator iBUYPOWER is thrilled to share it is intensely discounting its line of systems from Nov. 29 to Dec. 1. By applying the exclusive “BLACKFRIDAY” code upon checkout, customers can look forward to even more savings when purchasing a PC from iBUYPOWER. To see the latest deals, please visit: https://www.ibuypower.com/gaming-deals

Whether customers are looking for a prebuilt starter-friendly PC to kickstart their entry into the world of PC gaming, or a custom premium showcase system to complement their gaming setup, any new system bought from iBUYPOWER.com is backed by its comprehensive warranty of ‘three years labor’ and ‘two years parts’ for comprehensive post-launch support. By entering code BLACKFRIDAY at checkout, customers will receive an additional $50$300 off an RDY or Custom Desktop purchase over $999$3,499 from an already-discounted system. Customers will also receive 3x the amount of iBUYPOWER Reward Points once a purchase is completed, which can be redeemed to pick up any extra accessories or peripherals as a post-launch purchase.

A selection of iBUYPOWER’s top deals* can be found below:

RDY Scale 002 – PRICE: $949CPU: AMD Ryzen 7 5700 | GPU: GeForce RTX 4060 8GB | PSU: 600W 80 Plus Gold | RAM: 16GB DDR4-3200 RGB | Storage: 1TB M.2 NVMe SSDRDY Slate VALORANT VCTA R002 – PRICE: $1,199CPU: AMD Ryzen 7 7700X | GPU: GeForce RTX 4060 Ti 8GB | PSU: 750W High Power | RAM: 36GB DDR5-5600 RGB | Storage: 1TB M.2 NVMe SSDRDY Trace 7MP 009 – PRICE: $1,399CPU: AMD Ryzen 7 7700X | GPU: GeForce RTX 4070 12GB | PSU: 750W High Power | RAM: 32GB DDR5-5600 RGB | Storage: 1TB M.2 NVMe SSDRDY Slate 8MP 002 – PRICE: $1,499CPU: Intel Core i7-14700KF | GPU: GeForce RTX 4070 SUPER 12GB | PSU: 750W High Power | RAM: 32GB DDR5-6000 RGB | Storage: 2TB M.2 NVMe SSDRDY Y40 VALORANT VCTA R005 – PRICE: $1,699CPU: AMD Ryzen 7 7800X3D | GPU: GeForce RTX 4070 SUPER 12GB | PSU: 750W Channel Well 80 PLUS Gold Certified | RAM: 32GB DDR5-5600 RGB | Storage: 2TB M.2 NVMe SSDRDY Y60 005 – PRICE: $1,799CPU: Intel Core i9-14900KF | GPU: GeForce RTX 4070 SUPER 12GB | PSU: 750W High Power | RAM: 32GB DDR5-6000 RGB | Storage: 2TB M.2 NVMe SSDRDY Y60 B01 – PRICE: $1,999CPU: Intel Core i9-14900KF | GPU: GeForce RTX 4070 Ti SUPER 16GB | PSU: 850W High Power | RAM: 32GB DDR5-6000 RGB | Storage: 2TB M.2 NVMe SSDRDY Y70 001 – PRICE: $1,999CPU: Intel Core i9-14900KF | GPU: GeForce RTX 4070 Ti SUPER 16GB | PSU: 850W High Power | RAM: 32GB DDR5-6000 RGB | Storage: 2TB M.2 NVMe SSDRDY Lancool 005 – PRICE: $2,199CPU: Intel Core i9-14900KF | GPU: GeForce RTX 4080 SUPER 16GB | PSU: 850W High Power | RAM: 32GB DDR5-6000 RGB | Storage: 2TB M.2 NVMe SSDRDY Y70 004 – PRICE: $3,099CPU: Intel Core i9-14900KF | GPU: GeForce RTX 4090 24GB | PSU: 1000W High Power PCIe GEN5 | RAM: 32GB DDR5-6000 RGB | Storage: 2TB M.2 NVMe SSD

*Pricing current while items are in stock and is not inclusive of the discount code being applied.

ABOUT iBUYPOWER
iBUYPOWER is a fully independent and leading manufacturer of high-performance pre-built and custom gaming PCs based in North America. The company was founded in 1999 on its core values of Perseverance, Unity, Strength, and Ambition. These values are reflected in the company’s promise to build the best gaming systems for the most discerning gamers since its founding. iBUYPOWER has worked intimately with hardware and software brands such as Intel, NVIDIA, AMD, Microsoft, WD, ASUS, Bethesda, MLG, Riot Games, HoYoverse, and many more. iBUYPOWER is headquartered in City of Industry, California. Information about the company and its products can be found at: https://www.ibuypower.com

For its 25th Anniversary, iBUYPOWER is recommitting to its values to ensure customers and partners alike experience superior gaming performance and reliability, as well as bespoke and premium customer service – all to provide customers with the best PC gaming experience through unsurpassed value and quality at affordable prices. For more information, please visit: https://www.ibuypower.com/community/25th-anniversary

Media Contact

Steven Kunz, iBUYPOWER, 9099649898, steven.kunz@ibuypower.com, http://www.ibuypower.com

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SOURCE iBUYPOWER

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Consumer Robotics Market Set to Reach USD 117 Billion by 2030, Driven by Smart Home Integration and Drones – Global Forecast 2024-2030 | Valuates Reports

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BANGALORE, India, Nov. 29, 2024 /PRNewswire/ — Consumer Robotics Market is Segmented by Type (Cleaning Robots, Smart Speakers, Consumer Drones), by Application (Online Sales, Offline Sales): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Consumer Robotics market is projected to reach USD 117190 Million by 2030 from an estimated USD 34010 Million in 2024, at a CAGR of 22.9% during 2024 and 2030.

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Major Factors Driving the Growth of Consumer Robotics Market:

The consumer robotics market is expanding rapidly, driven by rising demand for smart home integration, convenience, and automation. Key growth segments include cleaning robots, smart speakers, and online retail channels. Regional markets, led by North America, Europe, and Asia-Pacific, are thriving due to technological advancements and consumer awareness. As manufacturers innovate and make products more accessible, the global consumer robotics market is poised for sustained growth across a range of applications and demographics.

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TRENDS INFLUENCING THE GROWTH OF THE CONSUMER ROBOTICS MARKET:

Smart speakers are a key driver of the consumer robotics market, as they combine convenience, entertainment, and smart home integration. Devices like Amazon Echo and Google Nest are increasingly becoming central to household automation, connecting users with services such as voice-activated controls, music streaming, and virtual assistants. The rising adoption of smart home ecosystems has further elevated the demand for smart speakers that serve as control hubs. Consumers value their affordability, versatility, and ease of use, making them an entry point for exploring more advanced consumer robotics. Additionally, the integration of AI-driven natural language processing enables these devices to offer personalized experiences, enhancing user satisfaction. The global shift toward connected living and the popularity of IoT devices have propelled the growth of smart speakers, positioning them as a vital segment within the broader consumer robotics market.

Cleaning robots, such as robotic vacuums and mops, are significantly driving the growth of the consumer robotics market. These devices address the growing demand for convenience and time-saving solutions in household chores. With advancements in AI and sensor technologies, cleaning robots now offer efficient navigation, automated scheduling, and adaptability to various floor types. The increasing adoption of dual-income households and busy lifestyles has boosted their popularity, particularly in urban areas. The availability of affordable models and improved functionality has made cleaning robots accessible to a wider audience. Additionally, heightened awareness of hygiene, particularly during the COVID-19 pandemic, has accelerated their adoption. The trend toward smart homes and connected appliances has further integrated cleaning robots into daily life, supporting market expansion and fostering innovation in this segment.

The rise of online sales has been a significant catalyst for the growth of the consumer robotics market, offering convenience and a wide variety of choices for consumers. E-commerce platforms like Amazon, Alibaba, and specialized robotics stores provide detailed product comparisons, customer reviews, and competitive pricing, encouraging informed purchasing decisions. Online channels have enabled manufacturers to reach global audiences without the limitations of traditional retail, significantly expanding market penetration. Seasonal promotions, flash sales, and bundled offers have also driven sales of consumer robotics online. The pandemic-induced shift toward online shopping further accelerated this trend, as consumers prioritized contactless purchasing. Enhanced logistics and fast delivery options have complemented the online sales ecosystem, ensuring a seamless shopping experience. As e-commerce platforms continue to innovate with personalized recommendations and augmented reality for product visualization, the contribution of online sales to the consumer robotics market is expected to grow.

Consumer drones are a pivotal driver of the consumer robotics market, fueled by their increasing popularity for recreational, commercial, and creative applications. These devices, equipped with advanced robotics technologies such as AI, GPS, and high-resolution cameras, have transformed photography, videography, and outdoor exploration. The growing interest in aerial imaging for personal use, travel, and social media content creation has significantly boosted demand. Additionally, consumer drones are finding use in commercial areas such as real estate, agriculture, and event coverage, expanding their appeal beyond recreational users. The introduction of affordable, user-friendly models has made drones accessible to a wider audience, further driving market penetration. Manufacturers are innovating with features like obstacle avoidance, longer battery life, and intuitive controls to enhance the user experience. As regulations for recreational drone use become clearer in various regions, the demand for consumer drones is expected to grow, solidifying their role in driving the consumer robotics market.

The increasing adoption of household automation has been a major driver of the consumer robotics market. Devices like robotic vacuums, lawn mowers, and smart speakers simplify daily chores, enhancing convenience and efficiency for users. This trend is particularly strong in urban households with dual-income earners seeking time-saving solutions. The integration of smart home ecosystems, powered by IoT and AI, has further amplified the demand for automated consumer robots. As consumers prioritize comfort and efficiency, the market for household robotics continues to expand.

Rising disposable income, particularly in emerging markets, has expanded the consumer base for robotics. Middle-class households are increasingly able to afford advanced consumer robotics products like cleaning robots and smart assistants. Manufacturers are also offering a range of price points to cater to diverse income levels, ensuring accessibility. This upward trend in disposable income is expected to sustain demand for consumer robotics globally.

Energy efficiency has become a key factor in the design and adoption of consumer robotics. Energy-efficient robots reduce operational costs and align with environmental sustainability goals. Consumers are increasingly drawn to devices that offer long battery life and low energy consumption, particularly in regions with high electricity costs. The emphasis on energy efficiency supports the adoption of consumer robotics, contributing to market growth.

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CONSUMER ROBOTICS MARKET SHARE

Amazon is the largest producer, with more than 27% of the market share, followed by Google, with a market share of about 20%.

The consumer robotics market exhibits strong regional dynamics. North America and Europe lead the market, driven by high adoption rates of smart home devices and advanced robotics technologies. Asia-Pacific is the fastest-growing region, fueled by rising disposable incomes, urbanization, and the proliferation of e-commerce platforms. The region’s strong manufacturing base and investments in IoT infrastructure further support market growth. Emerging markets in Latin America and the Middle East are also gaining traction, benefiting from increasing awareness of consumer robotics and expanding online retail channels. Each region’s unique dynamics contribute to the global growth of the consumer robotics market.

Key Companies:

IRobotEcovacsXiaomiSharkNeato RoboticsCecotecYujin RobotMatsutekProscenicSAMSUNGiLifeDyson LtdMieleLGVorwerkInfinuvo(Metapo)FmartDJIParrotGOOGLE INCAmazonAlibabaBaiduUBTECHIFlyTekCanbotGowild

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

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–  Parallel Robots market was valued at USD 4062 Million in 2023 and is anticipated to reach USD 9106 Million by 2030, witnessing a CAGR of 12.4% during the forecast period 2024-2030.

–  Used and Refurbished Robots Market

–  Artificial Intelligence and Cognitive Robot Market

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–  Agricultural Robots market was valued at USD 4773.8 Million in 2023 and is anticipated to reach USD 16120 Million by 2030, witnessing a CAGR of 18.5% during the forecast period 2024-2030.

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