Alset AI's Lyken.AI Signs Formal Cloud Compute Services Contract with Leading Multinational Technology and Telecommunications Company, Commences Service Delivery

Executive Summary

• Alset AI’s subsidiary Cedarcross Technologies (Lyken.AI) executed a formal cloud‑compute services contract with a leading multinational technology and telecommunications company on February 6, 2026.
• The initial three‑month term is valued at approximately CAD $250,000, and service delivery has commenced.
• The client has indicated intent to renew quarterly throughout 2026, which is expected to generate roughly CAD $1 million in annualized recurring revenue for Lyken.AI.

Key Details

• Contract execution date: February 6, 2026 (formal agreement signed).
• Initial term: 3 months, valued at ≈ CAD $250,000.
• Service: Delivery of cloud compute services under the Lyken.AI brand.
• Revenue outlook: Client’s quarterly renewal intent projected to produce ≈ CAD $1 million annualized recurring revenue for 2026.
• Quote from Kurtis Krack, President of Lyken.AI: “We are excited to have formalized this contract and begun delivering services to this leading multinational client… an important step in scaling recurring revenue for Lyken.AI.”

Notable Quotes

“We are excited to have formalized this contract and begun delivering services to this leading multinational client,” said Kurtis Krack, President of Lyken.AI. “This is an important step in scaling recurring revenue for Lyken.AI.”