XUNCE (03317.HK): Signs Strategic Cooperation MOU with Italy’s Lutech to Expand European AI Data Market
NewTimeSpace News: XUNCE (03317.HK) announced it has formally entered into a Memorandum of Understanding on strategic cooperation with Lutech S.p.A., a leading Italian digital and AI service provider. Both parties will jointly develop AI transformation solutions for the European market and advance commercial rollout of AI Token Factory across Europe. Lutech employs over 6,000 professionals with an annual business volume of approximately EUR 1 billion.
NewTimeSpace News: On 12 July 2026, XUNCE (03317.HK) released a voluntary announcement disclosing the signing of a strategic cooperation Memorandum of Understanding with Lutech.
Headquartered in Milan, Lutech S.p.A. is a leading Italian digital and artificial intelligence service enterprise with more than 6,000 professional staff and annual business scale of roughly EUR 1 billion. It delivers end-to-end digital transformation services covering industrial manufacturing, financial services, public administration, energy and utilities. The firm is a key participant in Europe’s data sovereignty and AI infrastructure sector.
Pursuant to the MOU, the parties will carry out three major areas of strategic cooperation:Jointly develop AI transformation solutions tailored for Europe. XUNCE will supply real-time AI data infrastructure technology, while Lutech contributes industry expertise, local delivery capabilities and experience in EU regulatory compliance;Jointly drive commercial deployment of AI Token Factory within European markets;Co-build a cross-border innovation ecosystem centred on AI and secure data infrastructure, incubating compliance solutions satisfying regional AI requirements across Europe.
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