HONG KONG, July 2, 2025 /PRNewswire/ — FiEE, Inc. (NASDAQ: MINM) ("FiEE" or the "Company"), a technology company integrating IoT, connectivity and AI to redefine brand management solutions in the digital era, is pleased to announce that on June 30, 2025, it entered into an asset purchase agreement with Suzhou Yixuntong Network Technology Co., Ltd. ("Yixuntong") to acquire intellectual property and fixed assets for a total purchase price of USD1,400,000 (the "Acquisition"). The Acquisition was structured as a simultaneous sign and close transaction which closed on June 30, 2025.
The acquired assets include advanced product authentication technologies featuring systematic algorithmic verification and certification capabilities, high-efficiency file transfer systems designed to support large-capacity video uploads for both business and consumer applications, and blockchain-powered KYC solutions that ensure secure identity verification and robust data protection. The Acquisition encompasses over twenty software copyrights and three core patents that are expected to significantly enhance FiEE's technological capabilities across multiple business areas.
This strategic move is expected to allow FiEE to expand its service offerings across both enterprise and consumer markets while adding critical tools to its growth toolkit, seamlessly linking market-facing content capabilities with backend infrastructure and compliance solutions.
"By integrating Yixuntong's cutting-edge authentication, file transfer, and KYC technologies, we believe we are enhancing our platform's capabilities while creating new revenue streams. These innovations are expected to power our SaaS evolution, delivering unique value to both enterprise clients and individual creators — strengthening engagement across our entire To-B and To-C ecosystem. We're not just acquiring technology, but we believe we are building the foundation for sustainable, diversified growth."
— Rafael Li, Chief Executive Officer of FiEE
FiEE, Inc. (NASDAQ: MINM), formerly Minim, Inc., was founded in 1977. After years of development, it made the strategic decision to transition to a Software First Model in 2023 to expand its technology portfolio and revenue streams. In 2025, FiEE rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.