HONG KONG, Feb. 27, 2023 /PRNewswire/ — Intelligent Dwelling Application Group Inc. (NASDAQ: ILAG) (“Smart Dwelling” or the “Organization”), a high quality lockset manufacturer in Hong Kong, introduced right now plans to acquire and start dwelling protection equipment incorporated with blockchain technological know-how, and that it has engaged a Hong Kong-based methods improvement enterprise, China Star Technological innovation Progress Confined (“China Star“), to create wise home solutions and gadgets in buy to enter and contend in the sensible home and IoT marketplace. China Star will undertake the technological solution progress perform and Intelligent Residing will possess all the rights for the new products and solutions, gadgets, programs and linked mental house such as the program utilized in the units.

Mr. Bong Lau, Chairman and Chief Govt Officer of Smart Residing, commented, “We are committed to introduce new and modern solutions into the market and feel that sensible household solutions enhance our capacity in the design and production of affordable superior-top quality locksets. As mentioned in our lately finished initial general public offering past July, we will commit in analysis and progress for wise locks, clever protection and world-wide-web of factors (IoT) solutions. We are self-confident that our functioning with China Star will make synergies that will consequence in the advancement of innovative lockset goods and intelligent household security equipment.”

The Company foresees that the technical product enhancement work will entail encryption and communication protection for dwelling items making use of blockchain know-how. In addition to smart locks, these kinds of smart property protection solutions could consist of audio / movie (AV) handle techniques, local weather regulate technologies and closed-circuit television (CCTV) surveillance cams.

China Star Technological know-how Advancement Confined, dependent in Hong Kong, is a know-how growth organization that was a pioneer in remote Point of Sale (POS) and surveillance programs masking far more than 300 retail points in China. China Star was also a single of the pioneers in acquiring good home products in Hong Kong and has been an lively company in this sector considering the fact that 2017.

About Intelligent Dwelling Software Group Inc.

Clever Living Software Team Inc. (“ILAG”) is a high quality lockset maker in Hong Kong. It manufactures and sells superior quality mechanical locksets to shoppers mostly in the United States and Canada and has ongoing to diversify and refine its product or service offerings in the previous 40 a long time to fulfill its customers’ demands. ILAG has attained the ISO9001 quality assurance certificate and several accredited high quality and protection certificates including American Countrywide Benchmarks Institute (ANSI) Grade 2 and Quality 3 standards that are made by the Builders Components Manufacturing Association (BHMA) for ANSI. ILAG retains investing in self-created automatic product or service lines, new craftsmanship and building new goods such as sensible locks. For more information, stop by the Company’s web page at http://www.i-l-a-g.com/.

Ahead-Hunting Statements

Selected statements in this announcement are ahead-searching statements. These ahead-wanting statements contain identified and unfamiliar risks and uncertainties and are centered on the Firm’s present-day anticipations and projections about long run activities that the Organization believes may possibly affect its fiscal situation, benefits of operations, small business strategy and money demands. Investors can discover these ahead-hunting statements by terms or phrases these types of as “may possibly,” “will,” “assume,” “foresee,” “aim,” “estimate,” “intend,” “plan,” “believe that,” “is/are very likely to,” “possible,” “proceed” or other very similar expressions. The Business undertakes no obligation to update or revise publicly any ahead-on the lookout statements to mirror subsequent transpiring occasions or conditions, or variations in its expectations, apart from as may well be expected by regulation. Whilst the Organization believes that the anticipations expressed in these ahead-wanting statements are reasonable, it simply cannot assure you that such expectations will turn out to be proper, and the Business cautions traders that real final results could vary materially from the predicted final results and encourages buyers to overview other aspects that may have an affect on its long term success in the Company’s registration assertion and other filings with the SEC, which are available for critique at www.sec.gov.


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