AYRO (AYRO) Launches Robotics Division

AYRO, Inc. (NASDAQ: AYRO) announces the launch of its new robotics division, which will be focused on AI-driven, automated manufacturing of EVs and accompanying accessories.

The Company has already received its first purchase order for high-technology EV chargers, which require precision assembly using robotic equipment. In addition, the client providing the purchase order has leased space within warehouses owned by GLV, AYRO's partner, to house the robotic equipment, providing additional revenue for the Company resulting from the purchase order.

Executive Chairman of the Company, Josh Silverman, commented, "While we value the continued opportunity to move our Vanish vehicle to the market, we continue to seek new opportunities to grow AYRO's business beyond this single vehicle. The development of our robotics division, which will be driven in large part by emerging AI technology, is a key example of these opportunities as it is expected to expand our in-house capabilities and open the door to new types of manufacturing processes while keeping pace with current trends. We continue to look for additional opportunities to increase our capabilities and expand our market opportunity, while maximizing value for our stakeholders."

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