Rice AI signs licensing deal with Pudgy Penguins for co-branded robot

Mint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based AI and robotics company, announced that its indirect majority-owned subsidiary Rice AI Holding Limited has entered into a licensing agreement with Pudgy Penguins, Inc. to develop and sell a co-branded AI-powered companion robot called the "Blue Pengu Minibot."

Under the agreement, Pudgy Penguins has granted Rice AI a non-exclusive, worldwide license to use the Pudgy Penguins brand and its Pengu character in the design, production, and sale of the robot. The product will be distributed through e-commerce and physical retail channels owned or controlled by Rice AI.

Rice AI will bear all costs related to production, marketing, and promotion, and will be solely responsible for product compliance, warranty obligations, and after-sales support. The initial release is described as a limited run.

Mint Chairman and CEO Damian Chan said in a statement: "This collaboration between Rice AI and Pudgy Penguins represents an exciting fusion of consumer culture and robotics innovation."

Victor Lee, CEO of Rice AI, said the minibot "combines the beloved Pengu character with our advanced robotics capabilities to deliver a product that is both functional and emotionally engaging."

Brian Hong, Head of APAC at Pudgy Penguins, said the collaboration demonstrates how robotics companies "can integrate beloved IP to expand distribution, strengthen cultural relevance, and shape the future of consumer robotics."

Pudgy Penguins describes itself as a global lifestyle character brand. Mint is listed on the Nasdaq stock exchange and operates through subsidiaries focused on AI, robotics, and interior design services.

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