Medical equipment distributor AJJ Medtech Holdings and assisted living services provider Autagco jointly announced that both parties have entered into a legally binding MOU to jointly develop, deploy and commercialise humanoid elderly care robots within Autagco’s assisted living facilities in Singapore.
This strategic partnership leverages AJJ Medtech’s expertise in humanoid robotics, artificial intelligence and digital health solutions, as well as Autagco’s operational expertise in elderly care. The collaboration aims to transform Autagco’s assisted living facilities into AI-powered intelligent care environments, providing a model for scalable, high-quality elderly care services.
The collaboration will start with Autagco acquiring six units of AJJ-HT-X1 humanoids for deployment across its assisted living facilities. Clinical trials and the operational applications of the robots will be conducted within Autagco’s facilities to validate safety, effectiveness, and functional capabilities, such as companionship, rehabilitation assistance, health monitoring, and cognitive interaction.
“We are pleased to enter into this strategic MOU with Autagco for the clinical trials, which marks the next phase in the development and operation of the world’s first multifunctional humanoid robot. We will capitalise on our expertise in digital healthcare, product know-how and understanding of Singapore’s healthcare and regulatory requirements to bring this collaboration forward,” reads an Nov 13 announcement by AJJ Medtech’s executive director and CEO Alice Zhao Xin.
Autagco’s executive chairman and CEO, Ng Boon Hui, said, “The strategic partnership with AJJ Medtech will elevate Autagco’s level of care services, transforming our service delivery model for our assisted living clients. We are excited to work with AJJ Medtech to bring this collaboration into fruition.”
The MOU is valid for 36 months, starting from Nov 12 and may be renewed upon mutual agreement.
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Shares of AJJ Medtech are trading 0.1 cent lower, or 9.09% down at 1 cent and Autagco shares remained unchanged at 0.3 cents.
