Axonex Intelligence and Synergy Technology Group Form Joint Venture to Accelerate Digital Twin and Drone Flight Control Expansion
Mint Incorporation (NASDAQ: MIMI) announced on March 11, 2026 that Axonex Intelligence has formed a Hong Kong joint venture, Axonex Automation, with Synergy Technology Group to commercialize digital twin and drone flight control technologies.
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Rhea-AI Summary
Mint Incorporation (NASDAQ: MIMI) announced on March 11, 2026 that Axonex Intelligence has formed a Hong Kong joint venture, Axonex Automation, with Synergy Technology Group to commercialize digital twin and drone flight control technologies.
AXONEX will hold 80% and STG 20%. AXONEX committed up to HK$20,000,000 in staged funding across four tranches over an expected 12–24 month period, while STG licenses the "Zhishan No-Code Digital Twin Universal Platform" and related drone inspection technologies. Target markets include infrastructure inspection, utilities, smart cities, and industrial operations.
Positive
- AXONEX holds 80% equity in the JV, giving controlling interest
- Committed funding of HK$20,000,000 in defined tranches enables staged commercialization
- STG contributes licensed Zhishan digital twin and drone platforms for immediate technology access
Negative
- AXONEX funding is milestone‑contingent, so tranche release may delay commercialization
- Commercial success depends on continued STG technology licensing and ongoing technical support
Details
News Market Reaction – MIMI
On Mar 11, the day this news came out, MIMI closed 10.54% above the previous close.
Data tracked by StockTitan Argus for the Mar 11 session.
Key Figures
- AXONEX equity stake
- 80%
- Equity interest in Axonex Automation Limited under JV Agreement
- STG equity stake
- 20%
- Equity interest in Axonex Automation Limited under JV Agreement
- JV capital commitment
- HK$ 20,000,000
- Committed capital by AXONEX to the joint venture, in stages
- Funding tranches
- 4 tranches
- Capital to be released in four stages to the JV company
- Funding timeframe
- 12–24 months
- Expected period over which JV funding tranches will be released
Historical Context
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First FLOKI Minibot M1 prototype and expanded JV investment plan.
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Non-binding MoU for strategic AI robotics joint venture with Rice Robotics.
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Notification of failure to meet Nasdaq minimum $1.00 bid requirement.
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Voluntary lock-up agreements covering key Class A and Class B shares.
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Maintenance services contract secured for Pop Mart Hong Kong locations.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
digital twin technical
drone flight control technical
no-code digital twin technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Hong Kong, March 11, 2026 (GLOBE NEWSWIRE) -- Mint Incorporation Limited (“Mint” or the “Group”, NASDAQ: MIMI), a Hong Kong-based company with a new strategic focus on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, today announced that its wholly-owned subsidiary, Axonex Intelligence Limited (“AXONEX”) has entered into a joint venture agreement (the “JV Agreement”) with Synergy Technology Group Limited (“STG”) to establish Axonex Automation Limited (“JV company”), a new Hong Kong-based joint venture company focused on commercializing advanced digital twin and drone flight control technologies in Hong Kong and selected overseas markets.
Under the JV Agreement, AXONEX will hold an
AXONEX has committed to provide up to HK
STG will contribute technology, intellectual property, know-how, and ongoing technical support to the JV company, initially via a license of its core digital twin and drone flight control platforms, the “Zhishan No-Code Digital Twin Universal Platform and related drone inspection technologies” to Axonex Automation Limited. .
Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint stated: “This joint venture creates a focused vehicle to bring next-generation digital twin and autonomous drone capabilities from concept to commercial reality across Hong Kong and key overseas markets.”
A representative of Synergy Technology Group Limited added: “Our collaboration with AXONEX will accelerate the real-world adoption of our digital twin and drone flight control technologies in critical infrastructure, smart city, and industrial applications, leveraging Hong Kong as a launchpad for global expansion.”
Photo Caption
Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint (Right) and Mr. Jiang Xiaotong, founder of STG (Left) signed the JV to establish Axonex Automation Limited focused on commercializing advanced digital twin and drone flight control technologies in Hong Kong and selected overseas markets.
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About Mint Incorporation Limited
Mint Incorporation Limited (NASDAQ: MIMI), a Hong-Kong based enterprise listed on NASDAQ, specializes in artificial intelligence (AI), robotics, and interior design. Through its subsidiary Axonex Intelligence Limited, the company delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, government agencies, and more. Mint also operates Matter International Limited, providing professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.
About Synergy Technology Group Limited
Synergy Technology Group Limited is a Hong Kong-based technology company specializing in advanced digital twin solutions and drone flight control systems, with applications across infrastructure monitoring, utilities, and smart city ecosystems. Founded by Jiang Xiaotong, an Associate Professor at Southeast University, Synergy Technology Group Limited operates under a license from Nanjing Zhishan Intelligent Technology Research Institute Co., Ltd (“南京止善智能科技研究院有限公司”) for the “Zhishan No-Code Digital Twin Universal Platform and related drone inspection technologies” (“止善零代码数字孪生通用平台”及”无人机巡检”).
Forward-Looking Statements
Certain statements in this release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.
| Media Enquiries | ||
| Strategic Financial Relations Limited | ||
| Vicky Lee | Tel: (852) 2864 4834 | E-mail: vicky.lee@sprg.com.hk |
| Rachel Ko | Tel: (852) 2114 2370 | E-mail: rachel.ko@sprg.com.hk |
| Cherrie Man | Tel: (852) 2864 4846 | E-mail: cherrie.man@sprg.com.hk |
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