FiEE acquires new tech to boost its IoT-AI platform

HONG KONG, July 3, 2025 /PRNewswire/ -- FiEE, Inc. (NASDAQ:MINM) ("FiEE" or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, is pleased to announce that on June 30, 2025, it entered into an asset purchase agreement with Suzhou Yixuntong Network Technology Co., Ltd. ("Yixuntong") to acquire intellectual property and fixed assets for a total purchase price of USD1,400,000 (the "Acquisition"). The Acquisition was structured as a simultaneous sign and close transaction which closed on June 30, 2025.

The acquired assets include advanced product authentication technologies featuring systematic algorithmic verification and certification capabilities, high-efficiency file transfer systems designed to support large-capacity video uploads for both business and consumer applications, and blockchain-powered KYC solutions that ensure secure identity verification and robust data protection. The Acquisition encompasses over twenty software copyrights and three core patents that are expected to significantly enhance FiEE's technological capabilities across multiple business areas.

This strategic move is expected to allow FiEE to expand its service offerings across both enterprise and consumer markets while adding critical tools to its growth toolkit, seamlessly linking market-facing content capabilities with backend infrastructure and compliance solutions.

Rafael Li, Chief Executive Officer of FiEE, commented, "By integrating Yixuntong's cutting-edge authentication, file transfer, and KYC technologies, we believe we are enhancing our platform's capabilities while creating new revenue streams. These innovations are expected to power our SaaS evolution, delivering unique value to both enterprise clients and individual creators - strengthening engagement across our entire To-B and To-C ecosystem. We're not just acquiring technology, but we believe we are building the foundation for sustainable, diversified growth."

From the initial signing of the non-binding letter of intent on March 25, 2025 through May 31, 2025, the Company secured 85 sales contracts via SaaS platform integration with FiEE HK, a wholly owned subsidiary of FiEE, and the Managed Creator Network (MCN) business launch, generating total contract values exceeding USD400,000. With its ongoing strategic transformation, the Company is establishing a comprehensive value ecosystem that offers a secure, diverse and enduring platform in talent-brand management solutions through Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional To-C and To-B Services & Support.

By leveraging cutting-edge technologies, including cybersecurity, market analysis, AI and big data analysis, FiEE provides comprehensive protection for original creations, digital arts, NFTs, and exclusive content. With a long-term vision to cultivate a billion-follower KOL community, the Company believes it is positioned to drive sustained success for digital creators while delivering lasting value to shareholders in the evolving digital landscape.