LOS ANGELES, June  26, 2026  (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ:XMAX) (&#34;XMax&#34; or the &#34;Company&#34;) today announced a significant commercial milestone in its artificial intelligence business, reporting

XMAX

XMax Announces Up to Approximately US$25 million in AI API-Related Service Contracts and Expansion into GPU-as-a-Service

XMAX Wins $25M AI API Deals and Launches GPU-as-a-Service Offering

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  <section data-block="information">
    <h3>Information</h3>
    <p>LOS ANGELES, June  26, 2026  (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ:XMAX) (&amp;#34;XMax&amp;#34; or the &amp;#34;Company&amp;#34;) today announced a significant commercial milestone in its artificial intelligence business, reporting</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>XMAX announced AI API agreements totaling up to US$25 million and its first GPU-as-a-Service contract, signaling credible enterprise adoption and new compute capabilities. By combining API access with dedicated GPU infrastructure, the company aims to offer a full AI platform ecosystem, potentially accelerating revenue growth over the next 12–24 months.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>AI platform agreements valued up to US$25 million, subject to usage.</li><li>First commercial GPU service agreement launched under GPUaaS.</li><li>Integrated AI API and GPU infra aims to unlock enterprise-scale AI deployment.</li><li>Management projects ongoing expansion, partnerships, and international opportunities.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>XMax Inc. (XMAX)</strong>: Milestones reinforce enterprise AI platform traction; potential near-term revenue uplift.</li><li><strong>Nova LifeStyle, Inc. (N/A)</strong>: Former company name; context for corporate evolution into AI initiatives.</li></ul>
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  <section data-block="category">
    <h3>Industry News</h3>
    <p>Category: Industry News / Corporate Developments. The piece highlights material commercial milestones for XMAX&#039;s AI strategy, reflecting diversification beyond its legacy business and signaling potential growth in AI infrastructure services.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>AI API contract awards could drive near-term revenue visibility.</li><li>GPUaaS expansion broadens product scope and potential margin upside.</li><li>Agreement momentum may attract enterprise customers and partners.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Aggregate contractual value of AI model API service agreements: up to US$25 million.</li><li>Date of press release: June 26, 2026.</li><li>GPUaaS: First commercial GPU service agreement announced.</li><li>Company: XMax Inc. (NASDAQ: XMAX); formerly Nova LifeStyle, Inc.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Long XMAX on AI platform momentum; expect revenue growth over 12–24 months.</p>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">LOS ANGELES, June  26, 2026  (GLOBE NEWSWIRE) -- XMax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/XMAX">XMAX</a>) (&#34;XMax&#34; or the &#34;Company&#34;) today announced a significant commercial milestone in its artificial intelligence business, reporting that since launching its AI platform initiative, the Company has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately <strong>US$25 million,</strong> subject to actual service usage and consumption levels.</p>  <p align="justify">The executed agreements cover enterprise AI model API services, cloud infrastructure integration, and value-added AI platform services. The contracts are structured to support enterprise customers seeking scalable AI inference capabilities, secure API connectivity, cloud deployment, technical support, and usage-based commercial models.</p>  <p align="justify">The Company believes the execution of these agreements demonstrates increasing commercial adoption of its AI platform and validates its strategy of providing enterprise-grade AI infrastructure and model access solutions.</p>  <p align="justify">In parallel with its API business, XMax has officially entered the <strong>GPU-as-a-Service (GPUaaS)</strong> market through the execution of its first commercial GPU service agreement. The GPUaaS business complements the Company&#39;s API platform by providing dedicated high-performance GPU computing resources to enterprise customers with artificial intelligence training, inference, and high-performance computing requirements.</p>  <p align="justify">By combining AI API services with GPU infrastructure offerings, XMax is building an integrated AI computing ecosystem capable of supporting customers across multiple layers of AI deployment—from model access and inference APIs to dedicated compute infrastructure.</p>  <p align="justify">&#34;Our objective has always been to build an enterprise AI platform capable of serving customers with scalable infrastructure and flexible commercial solutions,&#34; said Mr. Lu, CEO of XMax Inc. &#34;The execution of AI API service agreements with an aggregate contractual value of up to approximately $25 million, together with our expansion into GPU-as-a-Service, represents meaningful progress in executing our AI growth strategy. We believe these milestones establish an important commercial foundation for the continued expansion of our AI business.&#34;</p>  <p align="justify">The Company expects to continue expanding both its AI API platform and GPU infrastructure offerings while pursuing additional enterprise customers, strategic partnerships, and international market opportunities.</p>  <p align="justify"><strong>Forward-Looking Statements</strong></p>  <p align="justify">This press release contains 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. These statements include, but are not limited to, statements regarding anticipated customer demand, future commercial opportunities, expected growth of the Company&#39;s AI business, expansion of GPU services, strategic partnerships, and future financial performance. These statements are based on current expectations, assumptions and analyses made by us in light of our experience and our perception of trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances, and are subject to risks and uncertainties that may cause actual results to differ materially. 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 terms such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target," "trajectory," "focus," "work to," "attempt," "pursue," 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. XMAX Inc. undertakes no obligation to update any forward-looking statements except as required by law.</p>  <p align="justify"><strong>About XMax Inc.</strong></p>  <p align="justify">Headquartered in Commerce, California, XMax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/XMAX">XMAX</a>), formerly known as Nova LifeStyle, Inc., is a diversified company engaged in the design, sourcing, and distribution of contemporary furniture, as well as the development of artificial intelligence technologies and applications. The Company operates through an established global network of suppliers, distributors, and e-commerce channels, serving a broad customer base. In addition, the Company is expanding into artificial intelligence technologies, including AI software and platform-based services through its wholly owned subsidiary XMax AI Inc., to support future growth. By leveraging both its core operations and emerging technologies, the Company aims to drive diversification and long-term value creation.</p>  <p align="justify"><strong>Investor Relations Contact<br></br></strong>ICR LLC.<br></br>XMaxIR@icrinc.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1MzMzMyM3NjgwNDE1IzIwMjAyMDM="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NjJiNDliNGQtZjNlMi00Zjk2LTk4ODUtNGU1OWJjYWQyOThiLTEwMzE3NzUtMjAyNi0wNi0yNi1lbg==/tiny/XMax-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/e10d1bfc-a129-4ecb-a8d1-7a1d339f22eb"><img src="https://ml.globenewswire.com/media/e10d1bfc-a129-4ecb-a8d1-7a1d339f22eb/small/xmax-logo-jpg.jpg" border="0" width="150" height="150" alt="Primary Logo"></img></a></p>

XMAX announced AI API agreements totaling up to US$25 million and its first GPU-as-a-Service contract, signaling credible enterprise adoption and new compute capabilities. By combining API access with dedicated GPU infrastructure, the company aims to offer a full AI platform ecosystem, potentially accelerating revenue growth over the next 12–24 months.

XMax Announces Up to Approximately US$25 million in AI API-Related Service Contracts and Expansion into GPU-as-a-Service

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Trading Thesis

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Key Facts

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