XMax announces AI model contract, achieving major milestone in AI business

LOS ANGELES, May 1, 2026 (GLOBE NEWSWIRE) — XMax Inc. (NASDAQ: XWIN, the “Company” or “XMax”) today announced that its wholly owned subsidiary, XMax AI Inc., has entered into an API Model Procurement Agreement (the “Agreement”) that provides customers with access to XMax’s artificial intelligence models through API-based (application programming interface) services. The total value of the agreement is approximately $4.8 million, with monthly payments to XMax AI, Inc. of $400,000. Actual prices may vary depending on Customer’s usage of the AI ​​Model Service.

These services will be delivered through XMax’s recently deployed AI platform, allowing customers to integrate, distribute and commercialize these capabilities globally under their own brand. The initial term of the contract is one year.

XMax has also secured solid sourcing interest from three other prospective customers. Discussions with these stakeholders are currently ongoing. Based on this momentum and continued business development efforts, the company further expects to generate more than $30 million in AI-related revenue within the next six to 12 months, based on projects currently under discussion and subject to contract negotiations and market conditions.

The AI ​​Services provided under this Agreement are designed to meet enterprise-grade performance standards. The platform supports high availability and scalable deployment, allowing customers to efficiently integrate advanced AI capabilities into commercial applications.

“This agreement marks an important milestone in the commercialization of our AI platform,” said Xiaohua Lu, CEO of XMax Inc. “It is a testament to both the technical strength of our infrastructure and the growing market demand for scalable AI solutions. We believe that AI will be a key driver of our future growth as we continue to expand our customer base.”

XMax continues to focus on expanding its AI ecosystem, including model infrastructure, API orchestration, and enterprise deployment capabilities, with the goal of building a sustainable, high-growth AI revenue platform.

About XMAX Co., Ltd.
Headquartered in Commerce, California, XMax Inc. (NASDAQ: XWIN) (formerly known as Nova LifeStyle, Inc.) is a diversified company engaged in the development of artificial intelligence technology, including AI software and platform-based services, and the design, sourcing and distribution of contemporary furniture. We continue to operate through our established global network of suppliers, distributors and e-commerce channels for our furniture business, while expanding into artificial intelligence technology to support our future growth. We aim to drive diversification and long-term value creation by leveraging both emerging technologies and traditional businesses.

About XMax AI Co., Ltd.
XMax AI Inc. is a wholly owned subsidiary of XMax Inc. focused on developing AI-driven software platforms, inference infrastructure, and scalable AI application services. The company is building an integrated platform designed to support multi-model AI deployments, intelligent routing, and AI-enabled business solutions.

Forward-looking statements

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This includes, among other things, our ability to fully resume operations and maintain our financial health, and our anticipated future growth prospects. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates,” “estimates,” “believes,” “continues,” “may,” “intends,” “may,” “plans,” “could,” “anticipates,” “should,” “intends,” “expects,” “objective,” “projects,” “anticipates,” “goals,” “guidance,” and similar expressions. “Outlook,” “effort,” “goal,” “trajectory,” “focus,” “commit,” “attempt,” “seek,” or the negative of these terms or other comparable terms. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements are based on certain assumptions and analyzes that we have made in light of our experience and perception of historical trends, current conditions, expected future developments, and other factors that we believe are appropriate under the circumstances.

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