Viomi Technology has completed divestment and is focusing on AI-driven water solutions to enhance global home water purification.
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Viomi Technology
Viomi Technology Co., Ltd (NASDAQ: VIOT), a leading innovator in home water solutions, has completed the divestment of certain businesses and assets related to its IoT@Home portfolio products, as announced earlier in July.
With this strategic move finalized, Viomi is poised to embark on a new mission: “AI for Better Water,” which aims to harness artificial intelligence to deliver superior drinking water solutions for households worldwide.
A New Chapter in Water Innovation
The completion of this transaction marks a pivotal moment for Viomi, allowing the company to sharpen its focus on its core strength—home water solutions.
Mr. Xiaoping Chen, Founder and CEO of Viomi, expressed his optimism about this transition.
“In the first half of 2024, we saw early improvements in our earnings by rigorously implementing our ‘Focus’ strategy,” he noted.
“Moving forward, our primary focus will be on enhancing our home water solution offerings, leveraging the competitive edge of our Water Purifier Gigafactory.”
The Gigafactory, a state-of-the-art facility, plays a crucial role in Viomi’s global strategy.
It enables the company to scale its operations efficiently, reduce costs, and drive innovation in water purification technology.
Viomi is committed to advancing its “Global Water” vision by expanding into key overseas markets, ensuring that clean, fresh, and healthy drinking water is accessible to more households worldwide.
A Commitment to Health and Innovation
Viomi’s “AI for Better Water” mission underscores its dedication to using artificial intelligence to revolutionize home water solutions.
The company’s distinctive “Equipment + Consumables” business model integrates advanced AI technology with intelligent hardware, simplifying filter replacement and enhancing water quality monitoring.
This approach extends the filters’ lifespan and reduces user costs, promoting the widespread adoption of water purifiers.
Viomi’s continuous innovations are geared toward meeting the rising global demand for cleaner drinking water, addressing critical health concerns, and supporting a healthier lifestyle for its users.
For more information about Viomi’s strategic initiatives and innovations, visit www.viomi.com.
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