Alset AI's Lyken.AI Signs Formal Cloud Compute Services Contract with Leading Multinational Technology and Telecommunications Company, Commences Service Delivery

Rhea-AI Summary

Alset AI (TSXV:GPUS / OTC:GPUSF) announced that Cedarcross Technologies, operating as Lyken.AI, executed a formal cloud compute services contract with a leading multinational technology and telecommunications company on Feb 6, 2026.

The initial three-month term is valued at approximately CAD$250,000, services have commenced, and the client indicated intent to renew quarterly in 2026, which is expected to generate about CAD$1 million in annualized recurring revenue for Lyken.AI.

Positive

• Initial contract valued at CAD$250,000 for a three-month term
• Expected CAD$1 million in annualized recurring revenue if renewals occur
• Service delivery has commenced, converting a purchase order into active revenue

Negative

• Revenue depends on renewals; quarterly renewals are not guaranteed
• Initial recurring revenue appears concentrated with a single large client

News Market Reaction

-3.78%

1 alert

-3.78% News Effect

On the day this news was published, GPUSF declined 3.78%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Expected to Generate $1 Million in Annualized Recurring Revenue

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 11, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC PINK:GPUSF)(FSE:1R60) (WKN:A40M0J) ("Alset AI" or the "Company"), an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that Cedarcross Technologies Inc., operating under the brand Lyken.AI ("Lyken.AI"), its flagship AI business, is pleased to provide an update on its previously announced purchase order with a leading multinational technology and telecommunications company.

Further to the Company's news release dated February 3, 2026, in which Alset AI announced, Cedarcross Technologies Inc., operating under the brand Lyken.AI ("Lyken.AI"), had secured a cloud compute services purchase order dated February 2, 2026, the Company is pleased to announce that the formal contract has now been executed as of February 6, 2026. The initial three-month term is valued at approximately CAD$250,000, and Lyken.AI has commenced delivery of cloud compute services under the contract.

This contract solidifies Lyken.AI's first recurring commercial revenue stream and reflects strong demand for its full-service AI solutions. As previously disclosed, the client has indicated clear intent to renew quarterly throughout 2026, which is expected to generate approximately CAD$1 million in annualized recurring revenue for Lyken.AI.

"We are excited to have formalized this contract and begun delivering services to this leading multinational client," said Kurtis Krack, President of Lyken.AI. "This is an important step in scaling recurring revenue for Lyken.AI."

For more information about Lyken.AI, to explore customer or partnership opportunities, or to schedule a consultation, please visit https://www.lyken.ai/.

About Alset AI Ventures Inc.

Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding, and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.

For further information about Alset AI Ventures Inc., please contact:

Investor Relations

Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note regarding Forward Looking Statements

This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") regarding the Company, including, but not limited to, statements with respect to recurring revenues; future purchase orders or renewals for similar or the same services; revenue targets; and the strategic direction and business plans of the Company. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.

SOURCE: Alset AI Ventures Inc.

View the original press release on ACCESS Newswire

FAQ

What did Alset AI (GPUSF) announce about the Lyken.AI contract on February 6, 2026?

Lyken.AI executed a formal cloud compute services contract valued at CAD$250,000 for three months. According to the company, services have begun and the client signaled intent to renew quarterly, which the company says could produce about CAD$1 million in annualized recurring revenue.

How much revenue will Lyken.AI (GPUSF) generate from the initial contract?

The initial three-month contract is worth approximately CAD$250,000, based on the announced terms. According to the company, delivery has started and the amount represents the near-term contracted revenue for that quarter.

Does the Lyken.AI contract create recurring revenue for Alset AI (GPUSF)?

Yes — the contract is described as Lyken.AI's first recurring commercial revenue stream. According to the company, the client indicated intent to renew quarterly throughout 2026, implying potential annualized recurring revenue if renewals materialize.

What is the annualized revenue outlook from the Lyken.AI deal for GPUSF investors?

The company expects roughly CAD$1 million in annualized recurring revenue if quarterly renewals occur across 2026. According to the company, that figure is based on the client's stated intent to renew each quarter, not a binding long-term commitment.

What are the key investor risks related to the Lyken.AI contract for Alset AI (GPUSF)?

Primary risks include dependence on a single large client and renewals that are not guaranteed. According to the company, the client expressed intent to renew, but continued revenue requires executed renewals and ongoing service delivery.