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3 E Network (MASK) to sell 701,272 shares in $1.0M CEO-led private placement at $1.42598
3 E Network agreed to a $1.0M private placement of 701,272 Class A ordinary shares to a Singapore entity controlled by CEO Dr. Tingjun Yang at $1.42598 per share. Closing is subject to customary conditions and will occur on a mutually agreed date (so dilution is delayed until closing); the shares will be issued in an unregistered Rule 506(b) placement, the audit committee and Board approved the related‑party deal, and no placement agent or fees were engaged. Timing: Same-day dilution is possible, but the press release does not provide a firm first-dilution date.
3 E Network wins $1.2M enterprise DDR4 memory order
3 E Network's wholly owned subsidiary signed a hardware sales agreement to deliver enterprise-grade 16Gb DDR4 memory chips worth approximately $1.2 million to an enterprise client. The company says the order demonstrates its sourcing and fulfillment capabilities and will provide near-term cash flow to support R&D for next-generation AI storage controllers and edge AI SoCs, though timing, margins and recurrence were not disclosed.
MASK: Completes v1.0 spec and software simulation for AI storage controller
3 E Network (MASK) said its Chip Business Unit completed a Version 1.0 system-level architecture specification for a next-generation AI-optimized storage controller and preliminarily validated core data-flow algorithms using software simulation. The design emphasizes customized PCIe/CXL interfaces and a "short-path" DMA-style approach intended to bypass traditional protocol stacks to lower instruction-queue and tail latencies that can cause GPU data-starvation in large-model training/inference. These results are early and simulation-only—no physical silicon or performance benchmarks yet—and the team is moving into micro-architecture design and RTL front-end coding.
3 E Network developing enterprise AI SaaS for companion and eldercare robots
3 E Network (MASK) said it is developing an enterprise-grade AI SaaS "cloud brain" for smart companion and eldercare robots to pair with its recently finalized edge AI SoC, with core modules for multimodal generative companion agents, predictive monitoring/low-latency alerts, and digital-twin fleet operations. The company says core microservices and edge-cloud pipelines are finalized and the platform is in model fine‐tuning and enterprise testing—positioned to shift the business toward recurring SaaS subscriptions—but it disclosed no customers, pricing or deployment timelines.
MASK finalizes custom Edge AI SoC architecture for Aladdin eldercare robots
3 E Network (MASK) says it completed the key architectural design and edge-deployment planning for a custom Edge AI SoC developed with Aladdin Alaris AI to power next‐gen eldercare robots, emphasizing millisecond multi‐modal fusion, on‐device quantized LLM/VLM inference, hardware TEE privacy, ultra‐low‐latency tactile control and milliwatt-level always‐on standby. The company says the work moves the program from concept to finalized architecture and toward tape‐out and validation, but the chip is still pre‐tape‐out and its real-world performance and compliance will depend on upcoming silicon verification and testing.
3E Network (MASK) closes initial $1.38M tranche of convertible note offering with warrants
3 E Network (NASDAQ: MASK) closed an initial private tranche of a convertible promissory note financing, receiving $1,380,000 gross from a $1.5M principal Note that is convertible into Class A shares and issued with a Warrant to purchase up to 468,978 shares at an initial $2.712 per‐share exercise price (5‐year term). The Warrant includes an 80%‐of‐VWAP alternate exercise price on an Event of Default and cashless exercise mechanics; Boustead Securities acted as placement agent. The Purchase Agreement contemplates a subsequent $500,000 principal tranche (expected $460,000 gross proceeds) that will close only upon effectiveness of a resale registration; the company will file a registration statement within 15 business days. Timing: Warrant exercises are already completed, so dilution is already in effect.
MASK CEO outlines Edge-AI silicon roadmap, partners with Aladdin Alaris for eldercare robots
3 E Network (NASDAQ: MASK) CEO Dr. Tingjun Yang laid out a strategic roadmap to build edge-focused AI infrastructure for robotics, stressing custom Edge AI SoCs, heterogeneous computing and hardware–software co-design to remove compute bottlenecks and enable real-time "embodied AI." The company highlighted a strategic alliance with California-based Aladdin Alaris AI to target smart healthcare/eldercare deployments and said it will pursue standardized, developer-friendly middleware and a modular compute platform — but offered no timelines, technical specs, or financial guidance.
MASK CEO details silicon-first Edge AI robotics strategy after Aladdin Alaris tie-up
3 E Network (MASK) published a strategic roadmap via its CEO following a announced partnership with Aladdin Alaris AI, saying the company will pivot toward providing edge AI infrastructure for robotics through custom silicon and full-stack hardware-software co‐design. The firm highlighted development of heterogeneous Edge AI SoCs for multi-modal sensor fusion, a developer-friendly middleware ecosystem and initial commercial focus on eldercare/smart healthcare, but disclosed no product timelines, performance data or financial backing for the initiatives.
3 E Network (MASK) signs framework deal with Aladdin Alaris AI to co-develop eldercare robots
3 E Network (NASDAQ: MASK) said a May 18 strategic framework agreement with California-based Aladdin Alaris AI will explore co-developing next-generation smart healthcare and eldercare robots by combining 3 E's edge-AI SoC/control expertise with Aladdin Alaris's robotics hardware and software. The announcement is a non-binding framework outlining hardware-software co-design, IP-sharing principles and intent to pursue U.S. commercialization, but it includes no financial terms, timelines, or definitive agreements yet.
MASK: 3 E Network signs framework to co-develop Edge-AI eldercare robots with Aladdin Alaris
3 E Network (NASDAQ: MASK) said its Hong Kong unit signed a strategic framework agreement with California robotics firm Aladdin Alaris AI to explore co-developing next‐generation service robots for smart healthcare and eldercare, with 3 E focusing on custom Edge AI System-on-Chip and real-time control algorithms while Aladdin handles robotic hardware, integration and higher‐level AI software. The parties plan to pursue joint commercialization and U.S. market expansion and outlined preliminary IP-sharing principles, but the announcement is a non-binding framework with no financial terms, timelines or definitive agreements disclosed.