Benzinga | Jan 19, 2022 08:18AM EST

E-Home Household Service Reports Development Of Cleaning Robot Equipment Leasing Unit

E-Home Household Service Holdings Limited (NASDAQ:EJH) (the "Company" or "E-Home"), a provider of integrated household services in China, today announced that the Company has set up a cleaning robot equipment leasing department in the cleaning service sector, highlighting to promote the growth of the Company's cleaning service business.



The specific measures reveal in the cleaning robot equipment leasing department include:



* Import the high-tech cleaning robot equipment from Japan and the United States

* Improve market share and reduce labor cost of cleaning service business by the robot equipment

* Achieve multiple simultaneous use of the robot equipment by leasing the robot equipment to small and medium-sized enterprises

* Achieve an integration effect between robot equipment and cleaning service industry

* Use capital investment to improve the profitability of the robot equipment leasing business

* By robot equipment leasing business, E-Home access the cutting-edge technology of cleaning robot equipment, to improve its technological innovation ability

* Combine real lecturers and virtual lecturers by the metaverse technology, to provide the online training for the cleaning staff from time to time

* Establish a cleaning robot equipment technology docking group to ensure that traditional cleaning industry can improve profitability through technological innovation



Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: "At present, with the improvement of office and home environment requirements, cleaning business is increasing year by year. However, the profits of most traditional cleaning companies are dragged down by cleaning equipment, labor costs, and outdoor personnel risks. Based on this, the Company decided at the recent 2022 business strategy meeting to set up a cleaning robot equipment leasing department. The new business segment will greatly reduce the operating cost of the cleaning department of the Company and improve the profit margin. In addition, with the support of high-tech robot equipment, it will also bring customers a brand new consumption experience, encourage and guide them to spread good corporate reputation information, so as to obtain a continuous competitive advantage in the industry. The new business is expected to contribute approximately $15 million in revenue and approximately $3 million in net income to the Company in 2022."



Mr. Xie continued: "In this special period, this new project shows our determination to actively develop new businesses segment, and our innovation ability to flexibly respond to the market competition pressures. We believe that our strong technological innovation capabilities and diversified service strategies will drive our business to significant growth. At the same time, we look forward to offering customers more solutions in the future and further expanding our marketing channels."