Alset AI's Lyken.AI Secures Cloud Compute Services Purchase Order from Leading Multinational Technology and Telecommunications Company

Executive Summary

• Alset AI’s flagship business, Lyken.AI, secured a three‑month cloud compute services purchase order worth ~CAD $250,000 from a leading multinational technology and telecommunications company.
• The client has indicated intent to renew the contract quarterly throughout 2026, which Alset AI expects will generate approximately CAD $1 million of annualized recurring revenue for Lyken.AI.
• Management highlighted the win as a catalyst for scaling revenue and validating market demand for Lyken.AI’s end‑to‑end AI cloud services.

Key Details

• Purchase order date: February 2, 2026.
• Initial term: three months, valued at ≈ CAD $250,000.
• Expected renewal frequency: quarterly for the remainder of 2026.
• Projected annualized recurring revenue from this client: ≈ CAD $1 million.
• Contract is with an unnamed “leading multinational technology and telecommunications company.”
• President of Lyken.AI, Kurtis Krack, quoted saying the deal marks the beginning of meaningful revenue scaling for the business.
• No other financial terms (e.g., pricing per compute unit, volume caps) disclosed.

Notable Quotes

“We are thrilled to secure this strategic client win with a multinational technology and telecommunications leader,” said Kurtis Krack, President of Lyken.AI. “This recurring contract marks the beginning of meaningful revenue scaling for Lyken.AI, validating market demand for our full‑service model…”