Massimo Group Partners with Armlogi for Vehicle Assembly Locations and Delivery in Key Markets

Rhea-AI Summary

Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports vehicles and pontoon boats, has announced a strategic partnership with Armlogi Holding Corp (NASDAQ: BTOC), a logistics service provider. This collaboration aims to enhance Massimo's operational capabilities by aligning vehicle assembly and delivery closer to order destinations.

Under the agreement, Massimo will utilize Armlogi's warehouses in Savannah, GA, Edison, NJ, and Walnut, CA for vehicle kit assembly, inventory management, and delivery services. This partnership complements Massimo's recent warehouse expansion in Garland, TX. Armlogi's advanced technology and ISO 9001 industry standards are expected to streamline Massimo's supply chain, meeting the rising demand for their products across key U.S. markets.

Positive

• The partnership with Armlogi enhances Massimo's operational efficiency by aligning assembly and delivery closer to order destinations.
• Armlogi’s advanced warehouse management systems and nationwide delivery reach support Massimo's distribution strategy.
• Complementing Garland, TX warehouse expansion with additional facilities in GA, NJ, and CA.
• Utilization of Armlogi’s specialized warehouses meets ISO 9001 industry standards, ensuring high safety and quality.
• Addressing rising demand in key U.S. markets with a seamless, integrated solution for assembly and delivery.

Negative

• Potential dependency on Armlogi's logistics could impact Massimo’s operations if any disruptions occur.
• No specific financial terms disclosed, leaving uncertainty on the cost-benefit analysis of the partnership.
• Increased operational complexity with additional locations could lead to potential logistical challenges.

News Market Reaction

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1 alert

+0.09% News Effect

On the day this news was published, MAMO gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Partnership Enhances Operational Capabilities and Efficiencies by Locating Delivery of Vehicle Components, Assembly and Shipping Closer to Order Destinations, and Complements Garland, TX Warehouse Expansion

GARLAND, Texas, June 11, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced a strategic partnership agreement with Armlogi Holding Corp (NASDAQ: BTOC) ("Armalogi"), a U.S.-based warehousing and logistics service provider, to provide access to Armlogi warehousing facilities and tailored logistics services for fast order fulfillment of UTVS, ATVs, Go-Karts and Golf Carts.

Armlogi is a fast-growing U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market.

Under the agreement, Armlogi will receive containers of Massimo vehicle kits arriving from Asian suppliers at its warehouses in Savannah, GA, Edison, NJ, and Walnut, CA. Massimo will provide vehicle assembly at the warehouses, and Armlogi will supply inventory management, storage services, logistics, and delivery to final order destinations. Armlogi warehouses are equipped with advanced technology and specialized equipment to handle large and bulky items at the safest ISO 9001 industry standards.

"This partnership will enhance our operational capabilities and efficiencies by putting delivery of vehicle components, assembly and shipping closer to order destinations," said David Shan, Founder, Chairman & CEO of Massimo. "Armlogi's impressive warehouse management systems in specialized facilities along with a nationwide delivery reach, will complement our recently announced Garland, TX warehouse expansion efforts. We look forward to working with the team at Armlogi to build a seamless, integrated solution for additional assembly and delivery warehouses to meet the rising demand of our vehicles in key markets across the US."

About Armlogi Holding Corp.

Armlogi Holding Corp., based in Walnut, CA, is a fast-growing U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions relating to warehouse management and order fulfillment. The Company caters to cross-border e-commerce merchants looking to establish overseas warehouses in the U.S. market. With eleven warehouses covering over two million square feet, the Company offers comprehensive one-stop warehousing and logistics services. The Company's warehouses are equipped with facilities and technology for handling and storing large and bulky items. For more information, please visit www.armlogi.com.

About Massimo Group

Massimo Group (NASDAQ: MAMO) is a manufacturer and distributor of powersports vehicles and pontoon boats. Founded in 2009, Massimo Motor believes it offers some of the most value packed UTV's, off-road, and on-road vehicles in the industry. The company's product lines include a wide selection of farm and ranch tested utility UTVs, recreational ATVs, and Americana style mini-bikes. Massimo Marine manufacturers and sells Pontoon and Tritoon boats with a dedication to innovative design, quality craftsmanship, and great customer service. Massimo is also developing electric versions of UTVs, golf-carts and pontoon boats. The company's 286,000 square foot factory is in the heart of the Dallas / Fort Worth area of Texas in the city of Garland. For more information, visit massimomotor.com and massimomarine.com.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering and the use of proceeds thereof. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These forward-looking statements include information concerning statements regarding future cash needs, future operations, business plans and future financial results; and any other statements that are not historical facts. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of Massimo, including those set forth in the "Risk Factors" section of Massimo's Registration Statement on Form S-1 for the initial public offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Investor Relations 
Chris Tyson 
Executive Vice President
MZ North America
Direct: 949-491-8235
MAMO@mzgroup.us

 

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SOURCE Massimo Group

FAQ

What is the Massimo Group and Armlogi partnership about?

The partnership aims to enhance Massimo's operational capabilities by aligning vehicle assembly and delivery closer to order destinations using Armlogi's logistics services.

How will the Massimo Group utilize Armlogi's services?

Massimo will use Armlogi's warehouses in Savannah, GA, Edison, NJ, and Walnut, CA for vehicle kit assembly, inventory management, and delivery services.

What are the benefits of Massimo's partnership with Armlogi?

The partnership enhances operational efficiency, supports distribution strategy with advanced management systems, and meets the rising demand across key U.S. markets.

Where are the new Massimo assembly locations?

The new assembly locations are in Savannah, GA, Edison, NJ, and Walnut, CA.

How does the partnership affect Massimo's stock (MAMO)?

The partnership could potentially enhance Massimo’s operational efficiency and market reach, positively impacting its stock performance.

What standards do Armlogi's warehouses meet?

Armlogi's warehouses meet ISO 9001 industry standards, ensuring high safety and quality.

When was the partnership between Massimo Group and Armlogi announced?

The partnership was announced on June 11, 2024.