Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and emerging technology products, announced that it has secured initial commercial commitments from third-party customers for a new AI-enabled product category under development, marking a milestone in the Company’s expansion into emerging technology markets. Through its subsidiary, Massimo Motor Sports, LLC, the Company has entered into formal commercial arrangements, including a signed sales contract and a related letter of intent, contemplating the purchase of up to 5,000 units with an aggregate potential value of approximately $19.7 million, subject to delivery, fulfillment milestones, and customary commercial and regulatory conditions, providing early validation of market demand while revenue recognition and ultimate financial impact remain contingent on contract performance.
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About Massimo Group (NASDAQ: MAMO)
Massimo Group is a manufacturer and distributor of powersports and electric vehicles headquartered in Garland, Texas. The company’s portfolio includes UTVs, ATVs, e-bikes, and electric utility vehicles known for performance, reliability, and value.
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