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TAT Technologies Grows Revenue by 36%, Increases Net Income by 78% and increased adjusted EBITDA by 69%, for the Second Quarter of 2024

Published

2 years ago

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Company Delivers 7th Consecutive Quarter of Expanding Revenues and Profits

Management Reviews Financial Results and Provides Business Update on Quarterly Webcast

CHARLOTTE, N.C., Aug. 28, 2024 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT) (“TAT” or the “Company”), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month and six-month period ended June 30, 2024.

Financial Highlights for the Second Quarter and First Six Months of 2024:

Revenues increased by 36.2% to $36.5 million compared to $26.8 million for the second quarter of 2024. For the first half of 2024 revenues increased by 36% to 70.6$ million compared to $52 million in the first half of 2023.Gross profit increased by 47.1% to $8.0 million compared to $5.4 million for the second quarter of 2023 (21.9% of revenues in Q224 compared to 20.2% of revenues in Q223). For the first half of 2024 gross profit increase by 55.4% to $15.1 million compared to $9.7 million in the first half of 2023 (20.9% of revenues in H124 compared to 18.6% of revenues in H123)Operating Income increased by 78.5% to $2.7 million compared to $1.5 million in Q223, (7.5% of revenues in Q224 compared to 6.5% of revenues in Q223). For the first half of 2024 operating income increased by 99% to $4.9 million compared to $2.5 million in the first half of 2023 (7% of revenues in H124 compared to 4.8% of revenues in H123).Net Income increased by 78% to $2.6 million compared to $1.5 million in the second quarter of 2023. For the first half of 2024 net income increased by 122% to $4.7 million compared to $2.1 million in the first half of 2023.Adjusted EBITDA increased by 69.4% to $4.3 million (11.9% of revenues) compared to $2.6 million (9.6% of revenues) in the second quarter of 2023. Adjusted EBITDA for the first half of 2024 increased by 73% to $8 million compared $4.6 in the first half of 2023 (11.4% of revenues in H124 compared to 9% in H123).Cash flow from operating activities was negative $(4.1) million compared to positive cash flow of $2.5 million in the second half of 2023. Cash flow from operating activities for the first half of 2024 was negative $(7.7) million compared to positive cash flow of $4.2 million in the first half of 2023.

Mr. Igal Zamir, TAT’s CEO and President commented: “We are very proud to report another record quarter marked by revenue growth, margin expansion, and profitability improvement. Our results demonstrate increasing demand for our products and services, which are aligned with our growth strategy. This was the seventh consecutive quarter of growth in revenue and EBITDA, and given our growing momentum and backlog, we expect this trend to continue.”

“During the second quarter, we secured orders of more than $40 million, resulting in a record backlog and LTA Value of over $414 million,” continued Mr. Zamir. “These new orders give us significant visibility into revenue potential over the coming quarters and bolster our confidence in continued success. On top of the continued revenue growth, we invest efforts in improving our operational efficiency and cost structure. This resulted in an improved Gross margin and EBITDA margin.”

“During the first six months of 2024 we started serving APU of the newly certified 131 and 331-500 which serves a fleet of close to 20,000 aircraft (with a total addressable annual market of about $2 billion),” added Mr. Zamir. “The revenue obtained during the first half of 2024 is mainly driven from TAT’s historical products and services. The revenue from these new engines’ capabilities is insignificant. We are very excited about our future revenue growth and profits, as we start leveraging the potential of this new market. We will continue to expand our customer base for those engines MRO services according to our growth strategy”

Shareholder Webcast

Igal Zamir and Ehud Ben-Yeir, TAT’s CEO and CFO, have posted a webcast reviewing the financial results and to provide a business update.  Investors interested in accessing the webcast can visit the investor relations section of the Company’s website at https://tat-technologies.com/investors/. The webcast will remain accessible on the website for at least 90 days.

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents Adjusted EBITDA.  The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company’s underlying operational results, trends and performance. Adjusted EBITDA is calculated as net income excluding the impact of: the Company’s share in results of affiliated companies, share-based compensation, taxes on income, financial (expenses) income, net, and depreciation and amortization. Adjusted EBITDA, however, should not be considered as alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor it is meant to be predictive of potential future results. Adjusted EBITDA is not measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.

About TAT Technologies LTD

TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT controlling shareholders is the FIMI Private Equity Fund.

TAT’s activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

TAT’s activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT’s activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT’s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT’s activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

For more information of TAT Technologies Ltd., please visit our web-site:
www.tat-technologies.com

Contact:
Mr. Eran Yunger
Director of IR
erany@tat-technologies.com

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results. These statements are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management’s current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, [LTAs] and backlog, the price and continuity of supply of component parts used in our operations, and other risks detailed from time to time in the Company’s filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

 

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(In thousands)

Jun 30,

December 31,

2024

2023

(unaudited)

(audited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$        8,058

$      15,979

Accounts receivable, net of allowance for credit losses of $305

   and $345 thousand as of Jun 30, 2024 and December 31, 2023
respectively 

 

26,197

 

20,009

 

Restricted deposit   

–

661

Other current assets and prepaid expenses

6,722

6,397

Inventory

56,763

51,280

          Total current assets

97,740

94,326

NON-CURRENT ASSETS:

 Restricted deposit

294

302

 Investment in affiliates

2,763

2,168

Funds in respect of employee rights upon retirement

644

664

 Deferred income taxes

1,097

994

Property, plant and equipment, net

40,934

42,554

Operating lease right of use assets

2,656

2,746

Intangible assets, net

1,687

1,823

Total non-current assets

50,075

51,251

Total assets

$                  147,815

$                  145,577

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Current maturities of long-term loans

$                    1,937

$                      2,200

Short term loans

12,547

12,138

Accounts payable

9,079

9,988

Accrued expenses

12,907

13,952

Operating lease liabilities

1,155

1,033

          Total current liabilities

37,625

39,311

NON CURRENT LIABILITIES:

     Long-term loans

11,970

12,886

     Liability in respect of employee rights upon retirement

998

1,000

     Operating lease liabilities

1,486

1,697

 Total non-current liabilities

14,454

15,583

Total liabilities

$                     52,079

$                  54,894

EQUITY:

Share capital

3,152

3,140

Translation reserves

164

–

Additional paid-in capital

76,512

76,335

Treasury shares at cost

(2,088)

(2,088)

Accumulated other comprehensive income

27

Retained earnings

17,996

13,269

Total shareholders’ equity

95,736

90,683

Total liabilities and shareholders’ equity

147,815

$             145,577

 

 

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except share and per share data)

Three months ended

Six months ended

Year ended

June 30,

December 31,

2024

2023

2024

2023

2023

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

Revenues:

     Products

$    11,732

$   8,167

$     23,667

$   15,458

$     35,241

     Services

24,793

18,637

46,946

36,564

78,553

36,525

26,804

70,613

52,022

113,794

Cost of goods:

     Products

7,673

5,548

16,659

11,822

30,517

     Services

20,868

15,830

38,904

30,515

60,809

28,541

21,378

55,563

42,337

91,326

Gross Profit

7,984

5,426

15,050

9,685

22,468

Operating expenses:

     Research and development, net

343

157

620

256

715

     Selling and marketing

1,993

1,298

3,653

2,457

5,523

     General and administrative

2,916

2,474

6,225

4,933

10,588

     Other income

(2)

(35)

(390)

(441)

(433)

5,250

3,894

10,108

7,205

16,393

Operating income (Loss)

2,734

1,532

4,942

2,480

6,075

      Interest expenses

(413)

(440)

(763)

(806)

(1,683)

      Other financial income (expenses), Net

106

167

7

148

353

Income before taxes on income (tax benefit)

2,427

1,259

4,186

1,822

4,745

Taxes on income (tax benefit)

44

(63)

(109)

(90)

576

Income before share of equity investment

2,383

1,322

4,295

1,912

4,169

Profit of equity investment of affiliated
      companies

234

153

432

221

503

Net Income

$    2,617

$   1,475

$   4,727

$   2,133

$     4,672

 

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

Basic and diluted income per share

Net income per share

$    0.26

$      0.16

$    0.46

$    0.24

$    0.52

Net income per diluted shares

$   0.25

$    0.15

$   0.44

$   0.23

$      0.51

Weighted average number of shares
     outstanding

Basic

10,394,654

8,942,423

10,386,859

8,942,423

8,961,689

Diluted

10,561,420

9,052,163

10,722,153

9,052,163

9,084,022

 

Three months ended

Six months ended

Year ended 

June 30,

December 31,

2024

2023

2024

2023

2023

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

Net income

$    2,617

$     1,475

$    4,727

$     2,133

$    4,672

Other comprehensive income , net 

Change in foreign currency translation
adjustments

164

–

164

–

–

Net unrealized income from derivatives

–

26

(27)

26

53

Total comprehensive income 

2,781

$    1,501

$ 4,864

$    2,159

$    4,725

 

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In thousands, except share data)

Share capital

Accumulated

Number of
shares issued

Amount

Additional
paid-in
capital

Translation
reserves

other
comprehensive
income (loss)

Treasury
shares

Retained
earnings

Total equity

BALANCE AT DECEMBER 31, 2022

9,186,019

$            2,842

$       66,245

–

$            (26)

$            (2,088)

$            8,597

$            75,570

CHANGES DURING THE YEAR ENDED
     DECEMBER 31, 2023:

Comprehensive loss

–

–

–

53

–

4,672

4,725

Exercise of option

32,466

8

157

–

–

–

165

Issuance of common shares net of issuance costs of $141
     thousands

1,158,600

290

9,774

–

–

–

10,064

Share based compensation

–

–

159

–

–

–

159

BALANCE AT DECEMBER 31, 2023

10,377,085

$            3,140

$     76,335

–

$              27

$            (2,088)

$            13,269

$            90,683

CHANGES DURING THE PERIOD ENDED JUN
     31, 2024 (unaudited):

Comprehensive profit

164

(27)

–

4,727

4,864

Exercise of option

49,109

12

(12)

–

–

Change in foreign currency translation adjustments

–

Share based compensation

189

189

BALANCE AT JUN 30, 2024 (unaudited)

10,426,194

3,152

76,512

164

–

(2,088)

17,996

95,736

 

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Three months ended

Six months ended

Year ended

June 30,

December 31,

2024

2023

2024

2023

2023

(Unaudited)

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$  2,617

$  1,475

$ 4,727

$  2,133

$     4,672

Adjustments to reconcile net income (loss) to net cash
     provided by (used by) operating activities:

Depreciation and amortization

1,431

901

2,805

1,942

4,710

Loss (gain) from change in fair value of derivatives

–

–

22

–

(9)

Change in funds in respect of employee rights upon
retirement

15

(27)

20

(97)

116

Change in operating right of use asset and operating leasing
     liability

(3)

–

1

(6)

22

Non-cash financial expenses

(274)

(134)

(488)

(248)

(172)

 Decrease in restructuring plan provision

(43)

(32)

(63)

(90)

(126)

Change in allowance for credit losses

40

(2)

40

(5)

(182)

Share in results of affiliated companies

(233)

(153)

(431)

(221)

(503)

Share based compensation

148

30

189

120

159

Liability in respect of employee rights upon retirement

(5)

(47)

(2)

(127)

(148)

Capital gain from sale of property, plant and equipment

(1)

(29)

(355)

(485)

(530)

Deferred income taxes, net

306

(98)

(103)

(76)

235

Changes in operating assets and liabilities:

     Decrease (increase) in trade accounts receivable

(5,430)

3,137

(6,250)

1,123

(4,205)

    Decrease (increase) in other current assets and prepaid
    expenses

(144)

359

(325)

1,634

(341)

        Increase in inventory

(2,906)

(3,248)

(5,543)

(285)

(5,400)

    Decrease in trade accounts payable

(209)

(1,034)

(909)

(2,155)

(245)

    Increase (decrease) in accrued expenses and other

591

1,352

(982)

1,062

4,202

Net cash provided by (used in) operating activities from
   continued operation

$ (4,100)

$     2,450

(7,647)

$       4,219

$     2,255

CASH FLOWS FROM INVESTING ACTIVITIES:

Proceeds from sale of property and equipment

–

375

1,306

1,935

2,002

Purchase of property and equipment

(978)

(1,021)

(1,967)

(2,454)

(5,102)

Purchase of intangible assets

–

–

–

–

(479)

Cash flows used in investing activities

$(978)

$ (646)

$  (661)

$(519)

$(3,579)

CASH FLOWS FROM FINANCING ACTIVITIES:

Repayments of long-term loans

(510)

(425)

(950)

(847)

(1,701)

Short-term credit received from banks

4,668

668

1,000

Proceeds from long-term loans received

–

–

712

Issuance of common shares

12

–

12

–

–

Proceeds from issuance of common shares, net

–

–

–

–

10,064

Exercise of options

(13)

165

(12)

165

165

Cash flows provided by (used in) financing activities

$  4,157

$ (260)

$  (282)

$(682)

$10,240

Net increase (decrease) in cash and cash equivalents and
restricted cash

(921)

1,546

(8,590)

3,018

8,916

 Cash and cash equivalents and restricted cash at
     beginning of period

9,273

9,498

16,942

8,026

8,026

 Cash and cash equivalents and restricted cash at the end
     of period

8,352

11,044

8,352

11,044

16,942

SUPPLEMENTARY INFORMATION ON INVESTING
     ACTIVITIES NOT INVOLVING CASH FLOW:

Additions of operating lease right-of-use assets and
     operating lease liabilities

245

–

590

–

1,345

Reclassification of inventory to property, plant and
     equipment

–

–

60

–

68

Supplemental disclosure of cash flow information:

Interest paid

(410)

(267)

(852)

(512)

(1,438)

 

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)

(UNAUDITED)

(In thousands)

Three months ended

Six months ended

Year ended

June 30,

June 30,

December 31,

2024

2023

2024

2023

2023

Net income (Loss)

$ 2,617

$  1,475

$4,727

$ 2,133

$4,672

Adjustments:

Share in results and sale of equity
     investment of affiliated companies

(234)

(153)

(432)

(221)

(503)

Taxes on income (tax benefit)

44

(63)

(109)

(90)

576

Financial expenses (income), net

306

272

755

658

1,330

Depreciation and amortization

1,468

1,006

2,898

2,140

4,902

       Share based compensation

148

30

189

120

159

Adjusted EBITDA

$ 4,349

$ 2,567

$    8,028

$       4,740

$              11,136

 

SIGNATURE

            Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

TAT TECHNOLOGIES LTD.

            (Registrant)

 

By: /s/ Ehud Ben-Yair
Ehud Ben-Yair
Chief Financial Officer

 

Date: August 28, 2024

Photo – https://mma.prnewswire.com/media/2492171/EBITDA_Q224.jpg
Photo – https://mma.prnewswire.com/media/2492172/revenue_Q224.jpg

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SOURCE TAT Technologies Ltd.

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Technology

Manufacturing Category at 139th Canton Fair Presents Smarter, Lighter and More Connected Solutions

Published

33 minutes ago

on

April 24, 2026

By

GUANGZHOU, China, April 24, 2026 /PRNewswire/ — At the 139th Canton Fair, Manufacturing category presented a clear view of how industrial equipment is evolving to address efficiency, labor shortages, and sustainability goals. Across power equipment, machinery, automation systems, and industrial robots, exhibitors pointed to a common direction: smarter operation, stronger engineering performance, and deeper integration with digital manufacturing systems.

Industrial equipment is advancing towards intelligence with products emphasizing built-in sensing and automatic adjustment to enhance reliability and efficiency. Silent inverter generators, for example, can detect operating conditions and ambient temperature to regulate cooling for better fuel use and stability. Pumps and cleaning equipment with variable-frequency drives and integrated protection systems follow the same approach, prioritizing smooth operation, longer service life, and consistent output.

Lightweight, high-performance design has also become a priority across categories. Advances in materials and structural engineering are enabling major weight reductions without compromising power or durability. Aluminum-extrusion housings in three-phase asynchronous motors cut weight by up to 40% while improving heat dissipation and installation efficiency. Lightweight permanent-magnet submersible pumps delivered stronger flow stability despite smaller size and reduced weight.

AI-based visual inspection and quality control are also becoming essential. AI-powered optical inspection stations demonstrated full-process, high-speed inspection without relying on manual sampling. By turning experience-based judgment into standardized, repeatable rules, these systems help manufacturers improve scalability and consistency.

Industrial robots are taking on more active roles as well. Security patrol robot dogs and inspection robots are moving beyond monitoring to direct intervention, such as carrying fire-suppression modules for emergency response. This shift marks a broader move from passive observation to active execution in high-risk or labor-intensive environments.

Finally, more industrial devices are being designed as system nodes rather than standalone machines. Intelligent industrial gateways that combine data collection, protocol conversion, edge computing, and secure transmission show how equipment value increasingly depends on its ability to connect with enterprise-level digital systems.

The 139th Canton Fair vividly showcased the accelerated shift of industrial equipment toward intelligent and system-level development.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

 

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SOURCE Canton Fair

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Technology

Zhejiang unicorn ranks grow to 58 as Hangzhou tightens lead, top ranking shows

Published

33 minutes ago

on

April 24, 2026

By

Province adds three unicorns, expands high-growth pipeline
Hangzhou accounts for 83% as new entrants and startups scale up

HANGZHOU, China, April 24, 2026 /PRNewswire/ — Zhejiang’s roster of unicorn companies has expanded to 58 as of April 2026, highlighting the province’s growing role as a hub for emerging technologies and industrial upgrading.

The latest rankings, released at the 10th All Blossom Conference in Hangzhou on April 23, show companies spread across seven cities, including Hangzhou, Ningbo, Jiaxing, Jinhua, Shaoxing, Taizhou and Wenzhou.

While Hangzhou, Ningbo and Jiaxing remain the top three hubs, the broader distribution points to a more geographically balanced innovation landscape. The province’s unicorn count rose by three from a year earlier.

Hangzhou continues to dominate the landscape, home to 48 of Zhejiang’s unicorns, up from 44 last year—when it already accounted for roughly four out of every five such startups.

The annual rankings also include tiered lists of “future unicorns,” valued between $100 million and $1 billion, and early-stage “seed unicorns” worth $10 million to $100 million.

Together, they map a full pipeline of high-growth companies across sectors such as artificial intelligence, embodied intelligence, life sciences, new energy, semiconductors, advanced manufacturing and aerospace, and have become a key barometer of Zhejiang’s startup ecosystem.

Among the top 100 future unicorns, integrated circuits lead with 22 companies, followed by artificial intelligence and life sciences with 19 each. Advanced manufacturing accounts for 16 firms, new energy and materials 15, and next-generation information technology nine.

In the seed unicorn category, new energy and life sciences each count 22 companies, ahead of advanced manufacturing with 19, while AI, next-generation IT and semiconductors each have 11 firms, and aerospace-related companies total four.

Against that provincial backdrop, Hangzhou remains the clear center of gravity—continuing to generate both the largest share of unicorns and the deepest pipeline of emerging startups.

The city added eight companies to its unicorn ranks on April 23, bringing the total to 48, according to the same conference ranking.

The new entrants—Hailiang Technology Services, Geener Microelectronics, Spirit AI, Geespace, Sunrise, Seepin, DEEP Robotics and Simplexity Robotics—span sectors from semiconductors and robotics to commercial aerospace.

As of April, Hangzhou accounted for 83% of Zhejiang’s unicorns, up from 80% a year earlier, underscoring its outsized role in the province’s innovation economy.

The conference also released a list of 413 quasi-unicorns—companies typically valued between $100 million and $1 billion—including 50 new additions.

Several firms, such as Diagens Biotechnology, Manycore Tech, Mirxes, Promisemed, Saint Bella, Tide Pharmaceutical, Tongshifu and ISV, exited the list after scaling into unicorn status or completing initial public offerings.

Quasi-unicorns are concentrated in sectors aligned with Hangzhou’s broader “296X” industrial strategy. Life sciences lead with 118 firms, followed by next-generation information technology with 78 and AI and embodied intelligence with 50—together accounting for about 60% of the total.

The “296X” is an industrial cluster blueprint the city introduced in October 2025 in an effort to speed up the integration of technological and industrial innovation.

More than half of both unicorns and quasi-unicorns—255 companies—are classified as nationally recognized “specialized and refined” enterprises, including 20 unicorns and 235 quasi-unicorns, reflecting a structured pipeline of high-growth firms.

Since 2018, Hangzhou’s unicorn count has risen from 26 to 48, while quasi-unicorns have expanded from 105 to 413, underscoring sustained growth in its innovation-driven economy.

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SOURCE All Blossom Conference

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KUN Unveils AI Intelligent Strategy at Money20/20 Asia: Reconstructing Global Commercial Efficiency with “1-1-4-6” Layout

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April 24, 2026

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BANGKOK, April 24, 2026 /PRNewswire/ — At the prestigious Money20/20 Asia held at QSNCC, KUN showcased its upgraded brand identity and launched the “1-1-4-6” Intelligent Strategic Blueprint. This milestone marks KUN’s comprehensive transition toward a globalized, full-stack, and intelligent ecosystem.

Dr. Louis Liu, Founder & Group CEO of KUN, stated at the launch: “While the convergence of Web2 and Web3 defines the current era, we believe the embedded ecosystem synergy of AI and Web3 is the inevitable future of commerce. Our evolution is an intelligent reconstruction of commercial efficiency. By leveraging decades of vertical payment expertise, we provide enterprise clients with full-stack, end-to-end payment and financial solutions. Through digital orchestration and operations, we deliver secure, compliant, and high-velocity transaction safeguards to empower global business growth.”

Money20/20 Roundtable: Compliance as the “Scaling Layer” for Institutional Adoption

At the “Bridging TradFi and DeFi” roundtable, Dr. Liu shared three key insights on the future of cross-border finance:

Asia as the Hub for Real-World Stablecoin Settlement: Asia has emerged as a critical hub for cross-border trade flows and stablecoin settlement, connecting high-growth emerging markets. Currently, 60% of the world’s on-chain stablecoin trade volume is centered in Asia, making it a primary corridor for capital flows between Asia, LATAM, Africa, and the Middle East.

Compliance as the “Scaling Layer”: The bottleneck for scaling digital payments is not technology or licensing, but the ability to embed jurisdictional compliance frameworks into business logic. Integrating AML and risk controls directly into the payment flow is the prerequisite for the explosion of global institutional applications.

Accelerating AI and Web3 Ecosystem Convergence: As AI agents increasingly enter commercial decision-making, payments are shifting from human-controlled to autonomous. Blockchain and stablecoins will serve as the default infrastructure for Agent-to-Agent (A2A) transactions.

Exhibition Interaction: From Platform Governance to Vertical Efficiency

At the main exhibition area, KUN demonstrated its dual-brand synergy through a new visual identity:

KUN: Positioned as the Trusted Vertical Digital Payments Platform for Real Economy, providing one-stop digital payments and scenario-based on-chain financial solutions.

YeeZ: A KUN Group brand specializing in 2B2C Global Corporate Card Issuance for global enterprises.

The “1-1-4-6” Strategic Blueprint: Driving Global Growth

KUN decoded its “1-1-4-6” strategy—an AI-powered blueprint designed for seamless asset mobility. The ecosystem integrates KUN Space™ (the digital payments & financial services platform) with KUN Nexus™ (the AI-orchestrated liquidity network). Driven by four core engines—KUN | Pay, KUN | Cards, KUN | Money, and KUN | Agent—the strategy empowers liquidity for six vertical sectors: Bulk Commodity, General Trade, B2B Cross-border E-Commerce, Service Trade, Web3 Ecosystems, and AI Applications.

Future Vision: The Era of “Driverless” Intelligent Payments

The launch highlighted KUN | Agent as the pioneer of the “driverless” era of intelligent global payments.

KUNClaw.AI: Orchestrates autonomous financial workflows to drive intelligent cost reduction and efficiency.

AI Agent Wallet: Features programmable KYC and authorization fences to ensure secure, compliant execution where “decision is payment”.

Seamless Network, Borderless Payments.

KUN remains dedicated to serving as the engine for the real economy, providing secure, compliant, and efficient one-stop cross-border payment solutions in an uncertain global environment.

About KUN

KUN is an innovative financial infrastructure company centered on digital payments and embedded finance. Built on a globally distributed licensing framework and a robust compliance and risk-management system, KUN connects Asia with high-growth emerging markets across Africa, Latin America, and the Middle East.

Positioned as a trusted vertical digital payments platform for real economies, the company operates across four core pillars—Cross-Border Digital Payments, On-Chain Finance, Card Issuing, and AI Agentic Payments. By integrating artificial intelligence and blockchain technologies, KUN delivers secure, compliant, and efficient one-stop payment and transaction services for enterprise clients across industries including commodity trade, B2B cross-border e-commerce, service trade, Web3 ecosystems, and AI applications.

Through this integrated infrastructure, KUN serves as a growth engine enabling enterprises to expand globally with speed, trust, and financial connectivity.

Learn more about KUN → www.kun.global

Contact: KUN: brandmkt@kun.global  

View original content:https://www.prnewswire.com/apac/news-releases/kun-unveils-ai-intelligent-strategy-at-money2020-asia-reconstructing-global-commercial-efficiency-with-1-1-4-6-layout-302752641.html

SOURCE KUN

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