ONTARIO,
Calif., Feb. 11, 2025 /PRNewswire/ -- Nature's
Miracle Holding Inc. (OTC PINK: NMHI) ("Nature's Miracle" or
the "Company"), a leader in vertical farming technology and with
new subsidiaries operating in bitcoin mining, data
center management and electric vehicles, today announced that the
Company has entered into a non-binding Memorandum of Understanding
(the "MOU") with ZO Motors North America LLC ("ZMNA"), a North
American affiliate of ZO Motors, a global leader in innovative
zero-emission vehicles. The purpose of the MOU is to develop a
working relationship between the parties to enhance emergency
response and pre-hospital medical care capabilities for public
health institutions while accelerating in Nature's Miracle's
expansion into the electric vehicles (EVs) market in South America.
The MOU acts as a foundation for future collaborative efforts on
several potentially high-impact projects, including the Nature's
Miracle Mobile E-Farm Project, the Colombia Bus Project and other
potential EV initiatives in Colombia. If definitive documents are entered
into, (i) Nature's Miracle would purchase 60 basic ambulances and
20 advanced ambulances from ZMNA, with specifications to be
mutually agreed upon by both parties, and (ii) the two companies
will collaborate on the delivery of up to 2,000 EVs, including
electric buses, to the Colombian market.
The MOU follows Nature's Miracle's January 23, 2025, announcement of a purchase
order from the National Transport Chamber of Colombia for the
introduction of up to 2,000 EVs. In October
2024, the Company also unveiled plans to order electric
trucks for conversion into mobile vertical farms, further
diversifying its EV portfolio.
Mr. James Li, Chairman and CEO of Nature's Miracle,
commented, "The signing of this MOU with ZO Motors represents a
significant step forward in our commitment to expanding our EV
sales in South America. We hope to
leverage ZO Motors' extensive experience and capabilities in
developing and manufacturing customized EVs. If definitive
agreements are entered into, we are confident that our sales
channels and marketing networks will be further strengthened,
opening up more opportunities for customers and sales in the
region. We believe this MOU is just the beginning, and it will
serve as a strong foundation for future collaborations that will
mutually benefit both parties."
About ZO Motors
ZO Motors is a global leader in zero-emission commercial
vehicles, dedicated to delivering sustainable transportation
solutions for industries including commercial vehicle, port and
aviation ground logistics as well as transit and tourist
transportation. With manufacturing facilities
in Asia and North America, ZO Motors is at the
forefront of innovation, combining cutting-edge technology with a
commitment to reducing environmental impact.
About Nature's Miracle Holding Inc.
Nature's Miracle (www.Nature-Miracle.com) is a growing
agriculture technology company providing products and services to
growers in the Controlled Environment Agriculture ("CEA") industry
around the world. The company has recently launched EV
and bitcoin businesses, all energy dependent
as CEA.
Forward-Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements regarding expectations, hopes, beliefs,
intentions or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "contemplate," "continue," "could,"
"estimate," "expect," "forecast," "intends," "may," "will,"
"might," "plan," "possible," "potential," "predict," "project,"
"should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements in this press release may include, for example: the
intended use of proceeds from the offering; successful launch and
implementation of Nature's Miracle's joint projects with
manufacturers and other supply chain participants of steel, rubber
and other materials; changes in Nature's Miracle's strategy, future
operations, financial position, estimated revenues and losses,
projected costs, prospects and plans; Nature's Miracle's ability to
develop and launch new products and services; Nature's Miracle's
ability to successfully and efficiently integrate future expansion
plans and opportunities; Nature's Miracle's ability to grow its
business in a cost-effective manner; Nature's Miracle's product
development timeline and estimated research and development costs;
the implementation, market acceptance and success of Nature's
Miracle's business model; developments and projections relating to
Nature's Miracle's competitors and industry; and Nature's Miracle's
approach and goals with respect to technology.
These forward-looking statements are based on information
available as of the date of this press release, and current
expectations, forecasts and assumptions, and involve a number of
judgments, risks and uncertainties. Accordingly, forward-looking
statements should not be relied upon as representing views as of
any subsequent date, and no obligation is undertaken to update
forward-looking statements to reflect events or circumstances after
the date they were made, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws. As a result of a number of known and
unknown risks and uncertainties, actual results or performance may
be materially different from those expressed or implied by these
forward-looking statements. Some factors that could cause actual
results to differ include: the ability to maintain the listing of
the Company's shares on Nasdaq; changes in applicable laws or
regulations; the effects of the coronavirus (COVID-19) and any
future outbreaks on Nature's Miracle's business; the ability to
implement business plans, forecasts, and other expectations, and
identify and realize additional opportunities; the risk of
downturns and the possibility of rapid change in the highly
competitive industry in which Nature's Miracle's operates; the risk
that Nature's Miracle's and its current and future collaborators
are unable to successfully develop and commercialize Nature's
Miracle's products or services, or experience significant delays in
doing so; the risk that the Company may never achieve or sustain
profitability; the risk that the Company will need to raise
additional capital to execute its business plan, which may not be
available on acceptable terms or at all; the risk that the Company
experiences difficulties in managing its growth and expanding
operations; the risk that third-party suppliers and manufacturers
are not able to fully and timely meet their obligations; the risk
that Nature's Miracle's is unable to secure or protect its
intellectual property; the possibility that Nature's Miracle's may
be adversely affected by other economic, business, and/or
competitive factors; and other risks and uncertainties described in
Nature's Miracle's filings from time to time with the SEC.
For more information, please contact:
Nature's Miracle
Holding, Inc.
Chris
Wang, CFO
Chris.Wang@nature-miracle.com
Ascent Investors Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nature's Miracle Holding Inc.