Alset AI's Lyken.AI signs three-month order

Executive Summary

• Alset AI Ventures Inc.'s subsidiary, Cedarcross Technologies Inc. (operating as Lyken.AI), secured a cloud compute services purchase order from a leading multinational technology and telecommunications company.
• The initial contract is for a three-month period valued at approximately $250,000, marking the company's entry into recurring commercial revenue generation.
• The client has indicated a clear intent to renew the contract quarterly throughout 2026, which is expected to generate approximately $1 million in annualized revenue.

Key Details

• Counterparty: A leading multinational technology and telecommunications company (specific name not disclosed).
• Contract Value: Approximately $250,000 for the initial three-month term.
• Contract Duration: Initial three-month term with expected quarterly renewals throughout 2026.
• Projected Revenue: Approximately $1 million in annualized revenue based on the renewal structure.
• Service Provided: Cloud compute services and tailored AI deployment solutions.
• Strategic Impact: Marks Lyken.AI's entry into recurring commercial revenue generation and validates market demand for its full-service AI model.

Notable Quotes

• "We are thrilled to secure this strategic client win with a multinational technology and telecommunications leader... This recurring contract marks the beginning of meaningful revenue scaling for Lyken.AI, validating market demand for our full-service model that combines end-to-end cloud compute services with tailored AI deployment. This engagement underscores our confidence in our ability to grow." — Kurtis Krack, President of Lyken.AI