On November 12, 2026, HeartCore Enterprises,
Inc. (“HeartCore”) issued a press release announcing entry into a non-exclusive business development and sales agency
agreement in Japan with ONE AI Co., Ltd., a (“ONE AI”), a Korean developer of CPU-native, on-device physical AI led by
former Intel APAC AI leadership. A copy of this press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
The information contained in any website is not a part of this Current Report on Form 8-K.
Exhibit
99.1
HeartCore
Partners with ONE AI to Bring Physical AI to Existing Industrial Robots in Japan
Axis.ONE
is designed to add vision, decision-making and learning to existing factory equipment without replacing robots or relying on dedicated
GPU clusters or the cloud
NEW
YORK and TOKYO, November 12, 2026 (GLOBE NEWSWIRE) – HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the
“Company”), an IPO consulting services company based in Tokyo, today announced its wholly owned subsidiary, HeartCore Financial, has entered into a non-exclusive business development and sales agency agreement in Japan with
ONE AI Co., Ltd. (“ONE AI”), a Korean developer of CPU-native, on-device physical AI led by former Intel APAC AI leadership.
The
partnership will introduce Axis.ONE, ONE AI’s physical AI platform designed to add an AI “brain” to the robots, cameras
and industrial PCs manufacturers already operate. Deployed on standard Intel-architecture industrial PCs and edge devices, Axis.ONE is
designed to bring vision, perception, decision-making and continuous learning to existing industrial systems while keeping customer data
and models on-site.
Bringing
AI to the installed base of industrial robots
More
than 4.6 million industrial robots are operating in factories worldwide, according to the International Federation of Robotics. Axis.ONE
is designed to help manufacturers upgrade that installed base by adding AI capabilities alongside existing robots, controllers and cameras,
rather than requiring wholesale replacement of factory equipment. The platform is designed to work across manufacturers and equipment
generations without modifying existing robot control systems. For manufacturers evaluating AI, the commercial proposition is to preserve
existing equipment investments, reduce reliance on dedicated GPU infrastructure, keep sensitive production data within the factory and
shorten the time needed to adapt models to site-specific tasks.
Axis
ONE capabilities for industrial customers*
Retrofit
existing equipment: Axis.ONE runs alongside existing robots, PLCs, cameras and industrial PCs. Its open, ROS2-compatible, vendor-agnostic
architecture is designed to orchestrate heterogeneous devices.
CPU-native
edge AI: Inference runs on Intel CPU, NPU and xPU edge hardware without dedicated GPUs. ONE AI estimates total cost reductions of
up to 90% compared with conventional GPU-based deployments.
On-site
data and model control: Axis.ONE is designed for 100% on-premise operation, including air-gapped and closed-network environments,
without cloud dependency. Potential applications include manufacturing, energy, public infrastructure, defense and healthcare.
Faster
learning with Axis.LOOP: Field data is used to retrain models on-site. ONE AI reports per-site learning cycles reduced from approximately
100 days to 10 days and, in some cases, from 30 days to one hour.
Learning
from demonstrations with Axis.MIMIC: Vision-language-action models are designed to allow robots to learn new tasks from demonstrations
rather than manual reprogramming.
Operations
management with Axis.CORE: The platform provides centralized AIOps, model management, over-the-air updates, on-premise LLM services
and real-time dashboards across sites.
Modular
industrial applications: Vision.ONE supports inspection and monitoring; Safe.ONE addresses industrial safety; Robo.ONE supports robot
perception and control; and Assist.ONE provides LLM-based agentic assistance. These applications are deployed as containerized services
on a common data bus.
Japan
commercialization and revenue model
Under
the agreement, HeartCore will introduce ONE AI’s Axis.ONE platform to Japanese manufacturers, system integrators, and industrial
operators while coordinating proof-of-concept deployments and pilot programs. The Company will also present demonstrations and technical
information of the Axis.ONE platform to prospective customers and partners while spearheading the negotiation of commercial agreements
with prospective customers. ONE AI will provide the technical support and demonstration resources for each deployment. Both parties intend
to explore future expansion opportunities with manufacturers and industrial partners in the United States.
The
agreement has an initial term of three years, with automatic one-year renewals thereafter unless either party provides notice of non-renewal.
Under the agreement, the Company will receive a commission based on the net revenue generated by ONE AI from customers referred by the
Company. This includes revenue derived from commercial agreements, purchase orders, licenses, subscriptions, proof-of-concept engagements,
pilot programs, joint development initiatives, and other business arrangements executed with referred customers. The agreement provides
for a tiered commission structure under which the Company will receive commissions equal to 15% of net revenue in the first year, 10%
in the second year, and 8% in the third year from business generated through customers referred by the Company.
Management
Commentary
“We
believe ONE AI’s technology has the potential to transform how manufacturers put AI to work,” said Sumitaka Kanno, Chief
Executive Officer of HeartCore. “Industrial robots have been extraordinarily precise for decades, but most still cannot see, adapt,
or learn. Axis.ONE is designed to change that for the robots already installed on factory floors, without requiring manufacturers to
replace systems they have spent years and significant capital building. We are proud to partner with ONE AI and, through HeartCore
Financial, help bring Axis.ONE to manufacturers in Japan, one of the world’s leading robotics markets.”
“Industrial
robots should not have to be replaced in order to become intelligent,” said In Chan (Colin) Baek, Chief Executive Officer of ONE
AI. “Our team spent more than two decades optimizing AI on Intel silicon, and Axis.ONE is the result: a single architecture that
brings real-time AI to the machines factories already own, entirely on premises. Japan is home to many of the world’s most advanced
manufacturers, and HeartCore’s local presence and experience as a Nasdaq-listed company make it an ideal partner as we enter the
Japanese market.”
*The
aforementioned technology descriptions and performance figures above are based on information provided by ONE AI and have not been independently
verified by HeartCore. Reported results are not guarantees of performance or savings in a particular customer deployment.
About
HeartCore Enterprises Inc
HeartCore
is a Tokyo-based IPO consulting services company, guiding Japanese growth companies to achieve successful U.S. exchange listings through
its flagship service, Go IPO. HeartCore’s Go IPOSM consulting services provide comprehensive consultation support, including pre-IPO
consulting, regulatory guidance, financial preparation, and operational readiness to help businesses navigate the complexities of a successful
U.S. listing. HeartCore’s goal is to streamline the entire process for Japanese companies to provide a seamless transition into
the U.S. public markets. For more details, visit https://heartcore-enterprises.com/.
About
ONE AI Co Ltd
ONE
AI Co., Ltd. is a Korean on-device physical AI company founded in January 2026 and led by former Intel APAC AI leadership. Its Axis.ONE
platform delivers CPU-native, on-premise AI for robotics, smart factories, industrial safety and healthcare by running on industrial
equipment customers already operate. ONE AI is headquartered in Seoul, Republic of Korea.
Forward
Looking Statements
This
press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking
statements include, without limitation, statements regarding the anticipated benefits of the partnership between HeartCore and ONE AI;
the capabilities, performance, cost savings, compatibility and market adoption of ONE AI’s technology; the commercialization of
Axis.ONE in Japan, the United States or elsewhere; and the Company’s future business plans. Words such as “believe,”
“expect,” “anticipate,” “intend,” “plan,” “aim,” “designed to,”
“potential,” “may,” “will” and similar expressions are intended to identify forward-looking statements.
These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual
results to differ materially, including, among others: the ability of the parties to successfully implement the partnership; the non-exclusive
nature of the agency agreement and HeartCore Financial’s ability to generate customer introductions and commission revenue; whether
ONE AI’s technology performs as expected in customer environments and with robots and control systems of different manufacturers;
market acceptance of the technology; competition; the ability of ONE AI, an early-stage company, to scale its operations; regulatory,
intellectual property and cybersecurity risks; and the other risks described under “Risk Factors” in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2025 and its other filings with the U.S. Securities and Exchange Commission.
Performance figures attributed to ONE AI in this press release are based on information provided by ONE AI and have not been independently
verified by the Company. Forward-looking statements speak only as of the date of this press release, and the Company undertakes no obligation
to update them, except as required by law.
HeartCore
Investor Relations Contact
Gateway
Group, Inc.
John
Yi and Steven Shinmachi
HTCR@gateway-grp.com
(949)
574-3860
