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Pixie Dust Technologies Reports First-Half Fiscal Year 2024 Financial Results

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NEW YORK and TOKYO, Feb. 12, 2024 /PRNewswire/ – Pixie Dust Technologies, Inc. (NasdaqCM: PXDT) (the “Company”), a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave technology, reported financial results for the six months ended October 31, 2023.

Recent Operational Highlights

Introduced a one-time purchase model for its proprietary speaker kikippa, in addition to the current recurring subscription modelAnnounced Company-sponsored experiment on the SonoRepro™ product, conducted by Dr. Akinobu Miyata, Director of Miyata Medical Clinic, in collaboration with the Japan Clinical Trial AssociationExhibited at CES 2024 held in Las Vegas, NV and received the Innovation Award for its iwasemi™ RC-α productAnnounced collaborative research agreement with Tohoku University School of Medicine for the purpose of developing and commercializing certain non-pharmaceutical skin disease treatments using wave control technologyAwarded the 2023 Good Design Award for the kikippa speaker

Six Months Ended October 31, 2023 Financial Results

The Company’s financial statements for the six months ended October 31, 2023 and the related notes, and related management’s discussion and analysis of the Company’s financial condition and results of operations can be found in the Company’s Form 6-K filed with the SEC, a copy of which can also be found on the Company’s website. The Company’s functional currency and reporting currency is the Japanese yen (which we refer to as “JPY” or “¥”). The terms “dollar,” “USD,” “US$” or “$” refer to U.S. dollars, the legal currency of the United States. Convenience translations included herein of Japanese yen into U.S. dollars have been made at the exchange rate of ¥151.46 = US$1.00, which was the foreign exchange rate on October 31, 2023 as reported by the Board of Governors of the Federal Reserve System. All figures are expressed in Japanese yen and U.S. dollars unless otherwise stated.

Total Revenue increased by 88.6% from approximately ¥158.6 million ($1.0 million) for the six months ended October 31, 2022 to ¥299.1 million ($2.0 million) for the six months ended October 31, 2023. The increase was primarily due to increases in product sales revenue, partially offset by decreases in revenue from commissioned research and development and revenue from membership service.Product Sales were approximately ¥225.7 million ($1.5 million) in the six months ended October 31, 2023, representing a ¥188.9 million ($1.2 million) increase from the same period in the prior year. The increase was attributable to the launches and sales of the following products: SonoRepro (launched in November 2022), kikippa (launched in April 2023), and iwasemi (launched in July 2022).Services Sales declined to ¥73.4 million ($0.5 million) in the six months ended October 31, 2023 from ¥121.9 million ($0.8 million) in the same period in the prior year. The decline was primarily due to the decrease in commissioned research and a shift in focus from the research and development of kikippa and other products to product commercialization.Research and Development Expenses decreased by 17.6% from ¥339.3 million ($2.2 million) in the six months ended October 31, 2022 to ¥279.4 million ($1.8 million) for the six months ended October 31, 2023. The decrease was primarily due to a shift in focus from the research and development of kikippa and VUEVO to product commercialization.Selling, General and Administrative Expenses increased by 63.3% from ¥643.9 million ($4.3 million) for the six months ended October 31, 2022 to ¥1.1 billion ($6.9 million) for the six months ended October 31, 2023. The increase was primarily due to increases in advertising and marketing expenses for new products, rent expense in connection with the Company’s new headquarters and depreciation expenses.Other Income increased significantly from ¥0.1 million for the six months ended October 31, 2022 to ¥41.4 million ($0.3 million) for the six months ended October 31, 2023. The increase was primarily due to the increase of foreign exchange gains as a result of the receipt of the net proceeds from the initial public offering of the Company’s common shares in U.S. dollars during the six months ended October 31, 2023.Net Loss was ¥1.2 billion ($7.6 million) in the six months ended October 31, 2023 compared to ¥885 million ($5.8 million) in the same period in the prior year.As of October 31, 2023, the Company had ¥2.4 billion ($16.0 million) in cash and cash equivalents, compared to ¥2.1 billion ($15.7 million) as of April 30, 2023, which were held and used for working capital purposes. The Company’s cash and cash equivalents generally consist of cash on hand, demand deposits, and time deposits maintained at various financial institutions.

Forward-Looking Statements

Certain statements contained in this press release are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company’s current expectations or beliefs concerning future events and actual events may differ materially from current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes to the market for securities, political or financial instability and other factors which are set forth in the Company’s prospectus that forms a part of the Registration Statement on Form F-1 (File No. 333-272476), as amended, and in all filings with the SEC made by the Company subsequent to the filing thereof. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

About Pixie Dust Technologies, Inc.

Pixie Dust Technologies, Inc. is a Japanese technology company focused on commercializing innovative products and materials utilizing proprietary wave technology. The Company is currently focusing on two areas of product development: (1) “Personal Care & Diversity”, where wave control technology is applied to mechanobiology and intervention/assistance in vision, hearing, and touch, and (2) “Workspace & Digital Transformation,” where metamaterials (technology that creates properties through structure rather than material) and solutions to commercial design problems, such as in offices or construction sites, are applied.

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SOURCE Pixie Dust Technologies

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AGIBOT Unveils Four New Products at WAIC 2026, Showcasing Embodied AI in Real-World Operations

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More than 30 AGIBOT robots are operating across WAIC venues, while industrial deployments and live demonstrations highlight the company’s progress in turning robotic capabilities into repeatable real-world workflows

SHANGHAI, July 20, 2026 /PRNewswire/ — AGIBOT, a global leader in embodied AI and robotics, today unveiled four new products at the World Artificial Intelligence Conference 2026 in Shanghai: the AGIBOT A3 Ultra, X2 Edu, G2 Max, OmniHand 3 Ultra-M. Together, the new products expand AGIBOT’s portfolio across full-size humanoid platforms, heavy-payload industrial task robots and direct-drive dexterous manipulation systems.

At its 200-square-meter exhibition space at Booth H3-C101 in the Shanghai World Expo Exhibition and Convention Center, AGIBOT is presenting the three new products alongside its manipulation foundation models, industrial deployment cases and live robot demonstrations. Beyond the booth, more than 30 AGIBOT robots are operating across WAIC venues, providing visitor guidance, information services, demonstrations and other forms of on-site support.

“The industry should no longer judge embodied AI by whether a robot can complete an impressive demonstration once, but by whether it can be manufactured, delivered and integrated reliably into real operating environments,” said Peng Zhihui, Co-founder, President and CTO of AGIBOT. “AGIBOT A3 Ultra, G2 Max and OmniHand 3 Ultra-M address three essential layers of that challenge: the humanoid platform, industrial task execution and dexterous manipulation. Together with our recent production and factory-deployment milestones, these launches reflect our focus on building robots that can deliver consistent and practical value at scale.”

Three New Products Designed for Real-World Work
The AGIBOT A3 Ultra is a full-size humanoid robot developed for long-duration operation in public-facing, commercial and service environments. Standing 1.74 meters tall and weighing 60 kilograms, it features 51 active degrees of freedom, a five-kilogram payload capacity per arm and up to eight hours of combined operating time. Its perception system includes 3D LiDAR, RGB-D cameras, fisheye cameras and binocular vision, while GPS, RTK and UWB positioning support navigation and coordinated operation across different environments. Powered by NVIDIA Thor for high-level embodied AI processing, A3 Ultra supports direct charging, battery replacement and autonomous charging, allowing it to remain available for extended service workflows rather than isolated appearances.

The AGIBOT X2 EDU is a humanoid robotics development platform designed for education, competitions and scientific research. Standing approximately 1.3 meters tall, it features 29 degrees of freedom across the body, including seven degrees of freedom in each arm, and supports an end-effector payload of up to three kilograms. Its fully modular architecture allows the robot to be disassembled and reconfigured throughout the hardware chain, while open motion-control and hardware interfaces provide access for secondary development. Developers can flexibly integrate end effectors, sensors and additional computing modules according to different teaching and research requirements.

The AGIBOT G2 Max is the company’s first heavy-payload, force-controlled embodied task robot, developed for material handling, palletizing and other industrial operations. G2 Max combines higher load capacity with force-controlled arms, adjustable working height and omnidirectional wheeled mobility. It is designed to operate alongside existing production equipment and factory systems, undertaking repetitive physical tasks that require both strength and controlled interaction. Its energy system supports battery replacement and autonomous charging to reduce operational interruptions in continuous production environments.

The OmniHand 3 Ultra-M is a flagship direct-drive dexterous hand designed for embodied AI training, teleoperation, demonstration capture and contact-rich manipulation. It integrates 20 active degrees of freedom into a human-scale form factor weighing 630 grams. The hand supports a whole-hand gripping load of up to 5 kilograms, with a typical opening or closing time of 0.3 seconds and repeatability of ±0.2 millimeters. Vision-based tactile sensors at the fingertips and a tactile array in the palm enable the hand to detect changes in contact, force and object position, while its fully direct-drive architecture supports responsive force regulation during complex manipulation tasks.

Industrial Deployments Demonstrate Continuous Task Execution
AGIBOT is also presenting industrial deployments developed with Longcheer Technology, PIA Automation and other partners. The applications cover tasks including tablet quality-inspection loading and unloading, chip handling, production-line material movement and other repetitive industrial processes.

At Longcheer Technology’s Nanchang manufacturing facility, AGIBOT G2 robots have been integrated into a live tablet mass-production quality-inspection line. The robots complete a closed-loop workflow covering material collection, precision placement, equipment interfacing and finished-product return. Production-line integration was completed within 36 hours, and the deployment has supported approximately 3,000 units per shift and more than 64 hours of cumulative continuous operation, with downtime loss kept below 4%.

These cases differ from one-off motion demonstrations because the robots must maintain production rhythms, repeat tasks consistently, respond to changes in object position and surrounding conditions, and coordinate with upstream and downstream equipment. The deployments show how embodied AI systems can become part of existing production processes without requiring manufacturers to rebuild an entire line around the robot.

AGIBOT is also presenting applications in cultural tourism, transportation and commercial services, including projects developed with Sichuan Cultural Tourism and Guangzhou Railway. In these environments, robots support guided tours, route guidance, visitor interaction, information services and on-site assistance, moving from general-purpose showcase roles toward defined service workflows.

Live Demonstrations Connect Technical Capabilities with Practical Tasks
At Booth H3-C101, AGIBOT is presenting a series of live demonstrations spanning dynamic motion, human-robot collaboration and multi-step commercial service tasks.

In the table tennis demonstration, the robot uses real-time visual perception, trajectory prediction and closed-loop motion control to respond to a fast-moving ball in a dynamic environment. The boxing demonstration highlights teleoperation, whole-body coordination and low-latency motion response, showing how a robot can translate an operator’s movements into coordinated physical actions.

A beverage-service demonstration presents an end-to-end commercial workflow. The robot identifies and picks up cups, operates beverage-making equipment and delivers the finished drink to a visitor. Rather than demonstrating an isolated grasping action, the workflow combines perception, navigation, manipulation and task sequencing to show how a robot can complete a connected series of service tasks.

During WAIC 2026, AGIBOT has deployed more than 30 robots across key public areas of the Shanghai World Expo Exhibition and Convention Center and the West Bund venue. The robots are supporting visitor guidance, information services, live demonstrations and other on-site interactions throughout the event.

The deployment moves the robots beyond scheduled appearances at AGIBOT’s booth and places them within the conference’s wider service environment. Operating in busy public spaces requires the robots to navigate around visitors, respond to changing conditions and maintain consistent performance over extended periods, providing a practical test of their mobility, interaction and operational reliability.

Manipulation Foundation Models and the Embodied AI Forum
A dedicated Manipulation Intelligence Zone at the AGIBOT booth is presenting the company’s manipulation foundation models, dexterous systems and task-development technologies. The exhibition shows how perception, reasoning, action planning and physical control are connected to support task execution in complex environments.

On July 19, AGIBOT will host the WAIC 2026 Embodied AI Forum at the Golden Hall of the Shanghai World Expo Center. The forum will bring together researchers, technology leaders and robotics entrepreneurs from China and overseas to discuss the development of Physical AI, advances in embodied intelligence and the technical and operational requirements for scaling robots from research systems into real-world applications.

Through its new products, venue-wide robot deployment, industrial cases and live demonstrations, AGIBOT is presenting a connected path from foundation models and robotic hardware to systems that can carry out defined tasks in factories, commercial environments and public spaces.

For more information, please visit AGIBOT.com and follow AGIBOT on:
X: https://x.com/AGIBOTofficial
LinkedIn: https://www.linkedin.com/company/agibot/
YouTube: https://www.youtube.com/@AGIBOTofficia
Instagram: https://www.instagram.com/agibotofficial/
TikTok: https://www.tiktok.com/@agibotofficial
Facebook: https://www.facebook.com/AGIBOTofficial/

About AGIBOT
AGIBOT is an Embodied AI foundation model company developing both the intelligence layer and the corresponding robotic embodiments needed to bring general intelligence into the physical world. AGIBOT’s “Three Intelligences in One” architecture integrates Locomotion Intelligence, Interaction Intelligence, and Manipulation Intelligence into a unified embodied system. Its portfolio spans humanoid robots, quadrupeds, dexterous systems, and commercial cleaning solutions. In June 2026, AGIBOT announced that its 15,000th robot had rolled off the production line.

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SOURCE AgiBot Innovation (Shanghai) Technology Co.,Ltd.

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Advancing innovation through emerging technologies: PolyU launches free course on advanced technologies

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HONG KONG, July 20, 2026 /PRNewswire/ — The Hong Kong Polytechnic University (PolyU) continues to promote interdisciplinary learning and knowledge transfer with the launch of the third course under the Advanced Education Programme offered by the PolyU Academy for Interdisciplinary Research (PAIR).

Commencing in September 2026, the new course, “Advanced Technologies”, will run for 12 weeks and cover six areas of applied science and technology: photonics, quantum technologies, intelligent wearable systems, artificial intelligence of things, advanced manufacturing, and textiles for future fashion. Designed and delivered by PolyU experts, together with guest speakers from relevant industries, the course aims to broaden participants’ understanding of emerging technologies and their applications in driving innovation, industrial transformation and societal advancement.

The course will introduce the latest developments in optical fibre communications and smart sensing, quantum technology, wearable intelligence and multisensory technologies, neuromorphic intelligence and AI-driven semiconductor research and development, smart manufacturing and lightweight structural components in Industry 4.0, as well as smart and sustainable fashion and textiles. Through these topics, participants will gain insights into pressing global challenges, PolyU-led innovations that address them, and technological opportunities emerging across related fields.

The course is open, free of charge, to eligible members of the public, and no prior background in the relevant disciplines is required. It will be offered in dual mode, with both in-person and online options, enabling participation by learners in Hong Kong and overseas. Participants who meet the attendance requirements may apply for a certificate of completion with minimal administration fees.

Enrolment closes on 31 August 2026. Places for in-person attendance are limited, while online places will be allocated on a first-come, first-served basis.

For details and registration, please visit:
https://www.polyu.edu.hk/pair/education/

CONTACT:
Anna Lee
Mobile: +852-91501890
Email: annaswlee@gmail.com

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SOURCE The Hong Kong Polytechnic University (PolyU)

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Lovense Brings In-Store Experience Series to 18 Hustler Hollywood Locations Nationwide

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Connected intimacy brand continues experiential retail rollout across the U.S.

SINGAPORE, July 19, 2026 /PRNewswire/ — Lovense, a leader in app-connected intimacy technology, is expanding its nationwide in-store experience series with Hustler Hollywood, bringing guided product demonstrations and hands-on consumer education to specialty retail locations across the United States. Following a successful launch in Charlotte, North Carolina earlier this month, the initiative will continue with 17 additional stores throughout July.

Branded “Get Turned on: Explore Love Tech,” the series reflects Lovense’s continued investment in experiential retail, offering consumers guided product discovery in a hands-on retail environment. Each event features dedicated display areas, in-store education sessions, and on-site specialists who walk visitors through the Lovense app and product ecosystem.

“You can read about remote control or app-synced patterns, but until you’ve felt it respond in real time, it stays abstract,” said Dan Liu, CEO of Lovense. “These events give people that moment — the first time the device moves with the app, you see them get it. That’s where curiosity turns into confidence.”

“We are thrilled to be partnering with Lovense on in-store event programming,” said Jen May, VP of Marketing at Hustler Hollywood. “This series provides HUSTLER Hollywood customers with edutainment and extra value during their visit. Having Lovense product experts connecting with our store teams and customers has helped deepen brand awareness and knowledge of the product line.”

Early consumer engagement has highlighted strong interest in products including Flexer, Velvo, and Ferri, with visitors responding positively to the opportunity to interact with the products and learn more about their features before purchasing.

The Hustler Hollywood partnership supports Lovense’s broader retail strategy of making connected intimacy technology more accessible through product education and in-store experiences. With 18 events across 18 U.S. cities this summer, the program marks the beginning of a broader rollout — with plans to bring the experience to additional markets and regions.

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SOURCE Lovense

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