ACSL Ltd. (ACSL) hereby announced that on August 4, 2023 entered into a Memorandum of Understanding (MOU) with Xiangqi Technology Inc., SENTRA INT. Co., Ltd. (SENTRA) and Stark Technology Inc. (STI) for a strategic distributorship partnership to provide sales for ACSL products in the Taiwan market. In the global drone market, there is a growing interest in economic security and security measures due to rising geopolitical risks and unstable global conditions.

ACSL not only has domestically produced drones that guarantee security, but also possesses both hardware and software technologies for industrial drones and is developing application-specific drones for specific purposes, enabling to form a positioning with the keywords "enterprise-ready" and "application-specific". ACSL expects demand for secure drones to grow in overseas markets. SENTRA is a leading Taiwanese distributor of drones and related equipment, as well as providing solutions such as aerial photography and UAV licensing training in Taiwan.

STI is the largest system integrator in Taiwan listed on the TWSE (Taiwan Stock Exchange) and provides ICT solutions in a wide range of industries. Under the MOU, SENTRA and STI are designated as secondary distributors for the promotion and sales activities of ACSL products in Taiwan, and XQTI, which oversees these activities in Taiwan, is designated as the primary distributor. ACSL entered a MOU with XQTI, SENTRA and STI for a strategic distributorship partnership to expand sales in the Taiwan market, aims to sell JPY 1 billion of products in the Taiwan market by end of 2025.