NETCLASS TECHNOLOGY INC Signed Strategic MOU with RunSun Cloud to Advance AI Computing and Application Development in Southeast Asia
Rhea-AI Summary
NetClass Technology (Nasdaq: NTCL) announced an MOU on Oct 22, 2025 with Singapore-based RunSun Cloud to strengthen AI computing infrastructure and application development across Singapore and Southeast Asia.
The collaboration follows a three-year sales contract with HPC AI Technology, where initial six-month sales reached approximately $443,000. NetClass recently established a Singapore subsidiary, relocated its global headquarters to Singapore, and completed $2.4 million PIPE financing to support AI and blockchain initiatives.
Positive
- Initial six-month AI cloud sales of approximately $443,000
- Signed MOU with RunSun Cloud to expand AI computing in Southeast Asia
- Completed $2.4 million PIPE financing to support AI and blockchain innovation
- Established Singapore subsidiary and relocated global headquarters to Singapore
Negative
- MOU is a memorandum of understanding and does not itself guarantee future revenue
News Market Reaction 4 Alerts
On the day this news was published, NTCL gained 5.22%, reflecting a notable positive market reaction. Argus tracked a peak move of +10.0% during that session. Argus tracked a trough of -7.5% from its starting point during tracking. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $1M to the company's valuation, bringing the market cap to $25M at that time.
Data tracked by StockTitan Argus on the day of publication.
SINGAPORE and HONG KONG, Oct. 22, 2025 (GLOBE NEWSWIRE) -- NETCLASS TECHNOLOGY INC (Nasdaq: NTCL; the “Company” or “NetClass”), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced that the Company has entered a Memorandum of Understanding (MOU) with RunSun Cloud Pte. Ltd., a Singapore-based computing service provider and one of NVIDIA’s global NCP partners, to collaboratively strengthen AI computing infrastructure and application development across Singapore and the broader Southeast Asian region.
This collaboration follows NetClass’s recent three-year sales contract with HPC AI Technology Pte. Ltd. to provide AI cloud services, with sales in the initial six-month term reaching approximately
This partnership represents another strategic milestone for NetClass following its recent initiatives, including the establishment of its Singapore subsidiary, relocation of its global headquarters to Singapore, and
“Our collaboration with RunSun Cloud marks a key step in accelerating NetClass’s AI ecosystem expansion and driving innovation in the region,” said Dr. Jianbiao Dai, Chairman and Chief Executive Officer of NetClass. “By combining our strengths in AI application development with RunSun’s powerful computing infrastructure, we are well-positioned to deliver transformative AI solutions that create sustainable value across industries.”
About NETCLASS TECHNOLOGY INC
NETCLASS TECHNOLOGY INC is a leading B2B smart education specialist with offices in Shanghai, Hong Kong, Singapore, and Tokyo, providing innovative IT solutions to schools, training institutions, corporations, public agencies, and other organizations. Our services include SaaS subscription services and application software development, with solutions spanning teaching and campus management, online teaching, examinations, epidemic prevention, data storage, EDC (Education Credit) blockchain systems, and lecturer evaluation services. Our mission is to deliver reliable, high-quality products that drive sustainable growth for our customers. For more information, please visit the Company’s website: https://ir.netclasstech.com
About RunSun Cloud Pte. Ltd.
RunSun Cloud Pte. Ltd. is a Singapore-based cloud service provider and one of NVIDIA’s global NCP partners, offering high-performance computing solutions to support AI-driven industries including Internet services, finance, and government. RunSun Cloud is recognized for its robust global deployment capabilities and continuous optimization of computing resources to empower innovation across sectors.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement 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 in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
NETCLASS TECHNOLOGY INC
Investor Relations
Email: ir@netclasstech.com
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global
FAQ
What did NetClass (NTCL) announce on October 22, 2025 about RunSun Cloud?
How much did NetClass report in initial six-month sales under its three-year AI cloud contract?
What recent financing did NetClass (NTCL) complete to support AI initiatives?
Does the RunSun Cloud agreement guarantee revenue for NetClass (NTCL)?
What strategic moves has NetClass made in Singapore in 2025?
