Alset AI's Lyken.AI Approved as Vendor from Leading Multinational Technology and Telecommunications Company

Executive Summary

• Alset AI’s flagship AI business, Lyken.AI (Cedarcross Technologies Inc.), has been approved as a qualified vendor and received an official vendor code from a leading multinational technology and telecommunications company.
• The approval enables Lyken.AI to commence commercial engagements and is expected to generate revenue in the first half of 2026, beginning with an initial purchase order for hardware services.
• Management anticipates follow‑on orders after the initial purchase, positioning the business for ongoing revenue growth.

Key Details

• Vendor Approval: Lyken.AI has been formally approved as a qualified vendor and assigned a unique vendor code by a major global technology/telecom firm.
• Revenue Timeline: Company expects to begin generating revenue in H1 2026 from production‑grade AI cloud infrastructure and related services.
• Initial Purchase Order: An initial hardware services purchase order is expected “in the near term,” with additional re‑orders anticipated thereafter.
• Business Model Highlighted: Lyken.AI offers end‑to‑end hardware infrastructure, secured GPU cloud, platform services, and customized AI deployment solutions.
• Management Quote: Kurtis Krack, President of Lyken.AI, emphasized the milestone as a strong testament to the company’s differentiated full‑service model and its revenue potential.

Notable Quotes

“We are thrilled to have been approved as a vendor and to receive our official vendor code from this global technology and telecommunications leader… This achievement positions Lyken.AI to begin generating revenue in the first half of 2026, as we anticipate an initial order in the near term, followed by additional re‑orders.” – Kurtis Krack, President, Lyken.AI

Materiality Assessment: Material – Positive (the vendor approval is a significant commercial development that is expected to materially impact revenue generation in the near term).