BEIJING, Oct. 20, 2020 /PRNewswire/ -- Huami Corporation
("Huami" or the "Company") (NYSE: HMI) today announced a 3-year
extension of its strategic cooperation agreement with Xiaomi
Corporation ("Xiaomi"). Through the terms of this extension, Huami
continues to receive the most-preferred-partner status to develop
Xiaomi wearable products. In addition, under the agreement, the two
parties will form a most-preferred strategic partnership on the
research and development of AI-chips and algorithms for wearable
devices.
About Huami Corporation (NYSE: HMI)
Huami's mission is to connect health with technology. Since its
inception in 2013, Huami has developed a platform of proprietary
technology including AI chips, biometric sensors, and data
algorithms, which drive a broadening line of smart health devices
for consumers, and analytics services for industry. In 2019, Huami
shipped 42.3 million units of smart wearable devices, including its
own Amazfit brand, and products developed and manufactured for
Xiaomi, comprising 26% of global category shipments[1].
Huami Corp is based in Hefei,
China, with U.S. operations, Huami-USA, based in Cupertino, California.
[1] IDC, Correcting and
Replacing Shipments of Wearable Devices, 3/10/20
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Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
cooperation with Xiaomi, the recognition of the Company's
self-branded products; the Company's growth strategies; trends and
competition in global wearable technology market; changes in the
Company's revenues and certain cost or expense accounting policies;
governmental policies relating to the Company's industry and
general economic conditions in China and the global. Further information
regarding these and other risks is included in the Company's
filings with the United States Securities and Exchange Commission.
All information provided in this press release and in the
attachments is as of the date of this press release, and the
Company undertakes no obligation to update any forward-looking
statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Huami Corporation
Grace Yujia Zhang
E-mail: ir@huami.com
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
E-mail: huami@tpg-ir.com
In the United States:
Brad Samson
E-mail: brad.samson@huami-usa.com
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SOURCE Huami Corporation