Luda Technology Group Limited manufactures and trades stainless steel and carbon steel flanges and fittings, and trades steel pipes, valves and other steel tubing products. Its operating profile combines Hong Kong trading activities with PRC manufacturing through Luda (Taian) Industrial Company Limited, serving customers in China, South America, Australia, Europe, Asia outside China and North America.
Company announcements commonly address annual results, ordinary-share capital actions following its public offering, short-term investment activity, and responses to market-action inquiries under NYSE American rules. Operational updates also focus on intelligent manufacturing, green manufacturing, specialty-material flanges and pipe fittings for maritime uses, and demand tied to petrochemical, refining, pipeline and urban infrastructure projects.
Luda Technology Group (LUD) signed a non-binding memorandum with Chuluut-International to evaluate acquiring mining rights in Mongolia’s Jonsh Tolgoi fluorspar project. The proposed direct transfer covers 100% of legally transferable mining rights and related interests. Indicative consideration is US$14.0 million, currently expected in cash, but is not fixed. The parties aim to close any agreed transaction by April 30, 2027; that target may change or be abandoned.
The MOU is non-exclusive, permits withdrawal without liability and requires no advance payment. Any acquisition depends on due diligence, definitive agreements, Mongolian approvals and financing if required. Luda intends to expand beyond metals manufacturing, is seeking other Mongolian mining acquisitions and plans third-party mineral trading into China. The trading activity depends on supplier, customer, logistics and regulatory arrangements.
Luda Technology Group Limited (LUD) has implemented an AI-enabled multi-agent inquiry and quotation system to accelerate order processing and support its digital transformation strategy.
The system has reduced average quotation processing time from approximately 30 minutes to about 3 minutes, enabling faster responses to international stockists and the ability to handle higher inquiry volumes without a proportional increase in headcount. It parses incoming inquiries, searches validated internal data, and generates preliminary quotations for staff review. The platform builds client-specific profiles using approved historical interactions to improve product matching and quotation precision, aiming to enhance customer retention.
The system uses Moonshot AI’s Kimi K3 model with retrieval-augmented generation, intelligent data search, and rules-based pricing logic, and operates with human-in-the-loop oversight and a closed-loop learning mechanism that incorporates staff corrections to improve future accuracy.
Luda Technology Group (LUD) announced that its subsidiary Shenzhen Mayi Supply Chain has signed a one-year steel products sales contract with Beijing Dasan Supply Chain Management. The framework agreement carries a contract ceiling value of approximately USD $17.8 million (RMB120 million), based on the August 28, 2026 exchange rate.
The contract covers rebar, wire rod and steel pipe fittings and is expected to enhance Luda Technology's steel-products trading and supply-chain capabilities in Mainland China. Shenzhen Mayi plans to manage procurement, quality control, logistics and delivery while using the company’s existing commercial and risk-management processes. Actual sales under the contract will depend on purchase orders, product mix, steel prices, availability, delivery, acceptance and payment performance.
Luda Technology Group (NYSE:LUD) announced it has signed a sales blanket agreement worth about RMB1.6 billion with Shandong Yulong Petrochemical to supply pipeline fittings for the Yulong Island Refining and Chemical Integration Project (Phase one).
Luda previously secured a tender to supply stainless steel flanges for the same project, and this new agreement expands its scope of supply. According to Luda Technology, the award underscores customer confidence in its technical capabilities and product quality, supports its strategy of sustainable growth, and is expected to contribute to financial performance and long-term shareholder value.
Luda Technology Group (NYSE: LUD) has appointed Kazakhstan-based Dyna Segmen as its authorized non-exclusive agent in Kazakhstan to promote and distribute Luda’s stainless and carbon steel pipeline products and related solutions. The collaboration targets customers, contractors, engineering firms and prospective data centre project developers.
Dyna Segmen will use its local network to identify potential future data centre opportunities and support products for cooling-water, fire-protection and backup-power fuel systems. According to Luda Technology, this step strengthens its Central Asia presence and supports its broader strategy to build an international agency network for pipeline and future digital infrastructure demand.
Luda Technology (NYSE:LUD) signed an MOU to acquire 55% of Asia AI Data Centre & Quantum Technology Company Limited.
Consideration includes USD 400,000 in cash and issuance of ordinary shares worth USD 535,000, marking a strategic move into the data centre and AI computing infrastructure industry. The stake will be acquired from Ms. Liu Liangping, Director and CEO of Asia AI Quantum Technology and Chief Operating Officer of Luda Technology, who resigned as Luda director on June 18, 2026 and is the spouse of Luda’s Director, CEO and ultimate beneficial owner, Mr. Ma Biu.
Luda Technology (NYSE:LUD), a maker and trader of stainless and carbon steel flanges and fittings, announced it has received orders from a contractor in the civil nuclear electricity generation sector.
This marks Luda’s entry into a high-specification market while maintaining service to core oil, gas, shipbuilding and chemical customers.
Luda Technology Group (NYSE:LUD) announced a strategic move to seek investment opportunities in the global data centre and AI-related services sectors. The company aims to diversify beyond steel flanges and fittings by leveraging its international agent network.
Luda Technology is exploring four avenues: design, planning and construction of data centres; supply of cooling system peripherals; a token-export model to support global cloud companies; and trading of data centre hardware and peripherals.
Luda Technology (NYSE:LUD) announced the appointment of five additional authorized agents in Peru, Colombia, Egypt, South Africa and Chile, all on a non-exclusive basis.
The move extends its global expansion strategy, aiming to strengthen sales networks, enhance customer service and broaden access to its pipeline products.
Luda Technology Group (NYSE:LUD) signed a Sale and Purchase Agreement to acquire a 4% equity stake in Hong Kong International New Economic Research Institute (INERI) for US$1.2 million.
The deal is described as a strategic investment supporting Luda Technology’s focus on emerging technologies and diversified growth.