Lucas GC Limited Received Two Significant Invention Patents Related to Agentic Artificial Intelligence Application
Rhea-AI Summary
Lucas GC Limited (NASDAQ: LGCL) received two invention patents for Agentic AI applications in the insurance business: an AI-based robot automation process for independent insurance sales agents in China (ZL 202310158569.X) and a blockchain-based credential vault system in Hong Kong (HK40088280).
Lucas plans to deploy these technologies in China and ASEAN insurance markets and notes over US$70 million of R&D spending from 2023 to 2025, representing more than 14% of total revenue.
Positive
- Two new invention patents for Agentic AI and blockchain insurance applications in China and Hong Kong
- Planned deployment of AI patents in China and ASEAN insurance markets
- R&D spending over US$70 million from 2023–2025, above 14% of revenue
- Portfolio of 24 granted patents and over 75 software copyrights in AI, data analytics and blockchain
Negative
- None.
News Market Reaction – LGCL
In the Jun 10 session, LGCL gained 4.31%, reflecting a moderate positive market reaction. Argus tracked a peak move of +12.0% during that session. Argus tracked a trough of -41.6% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. Trading volume was very high at 4.4x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, June 10, 2026 (GLOBE NEWSWIRE) -- Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (the “AI”) technology-driven Platform-as-a-Service (the “PaaS”) company whose technologies have been applied to the human resources and insurance industry verticals, announced today that it had received two invention patents related to Agentic AI application in the insurance business.
Lucas received the “Artificial intelligence-based robot automation process for independent insurance sales agents method and system” with Patent No.: ZL 202310158569.X from China, and “Blockchain-based credential vault system” with Patent No.: HK40088280 from Hong Kong.
The China online insurance market size in terms of gross written premiums value is expected to reach over US
“Integrating the patented agentic AI technologies into Lucas’ large language model (LLM) resulting in significant cost reduction and efficiency improvements for our insurance clients. We intend to apply the technology in the insurance business in both China and ASEAN (Association of Southeast Asian Nations) countries where we intend to expand our business, in line with our strategy to expand our sales outside China. From 2023 to 2025, Lucas spent over US
About Lucas GC Limited
With 24 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven Platform as a Service (PaaS) company whose technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.
Forward-Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions. Any forward-looking statements contained in this press release speak only as of the date hereof, and Lucas GC Limited specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.
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https://www.lucasgc.com/
ir@lucasgc.com
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