Next Technology Holding Secures $12.59M In AI Service Contracts Across Multiple Industries, Consisting Of Recurring Subscription And Service Fees To Be Paid By Instalments Over The Contract Term

Between June, 2025 and August, 2025, Next Technology Holding Inc., a Wyoming corporation (the "Company"), entered into four commercial customer agreements (each, an "Agreement") with customers in the hotel management, smart water-system management, and crypto mining industries. Under the Agreements, the Company agrees to provide AI-enabled monitoring and management systems, and relevant training and support services tailored to each customer's specific business needs, in exchange for service fees.

 

The Agreements provide for an aggregate committed contract value of approximately $12.59 million, consisting of recurring subscription and service fees to be paid by instalments over the contract term. Each Agreement includes customary service-level commitments, performance acceptance criteria, data-security and confidentiality covenants, payment terms, and termination rights. As of the date of this Current Report on Form 8-K, the Company has received approximately $5.09 million in service fees under the Agreements. In compliance with ASC 606, the Company recognized revenue of approximately $1.79 million with respect to the Agreements.