Comba Telecom Systems (SGX:STC, HKG:2342) entered into a framework agreement with Zhejiang Tianchui Technology to jointly develop physical artificial intelligence services for enterprise customers, according to a Thursday Hong Kong bourse filing.
Hong Kong-listed shares of the wireless communications provider were down nearly 1% in Friday morning trade.
Under the agreement, Zhejiang Tianchui will provide internet-connected devices, management system software and technical services to Comba, while Comba will supply passive internet-of-things hardware products to Zhejiang Tianchui.
The agreement will remain in effect through Dec. 31, 2028.