June 25, 2026 – We are pleased to announce that Axonex has entered into a collaboration with YAS, Hong Kong's leading embedded insurance technology company, with underwriting provided by an insurance company under a global insurance group headquartered in Switzerland, to jointly develop an embedded micro-insurance solutions purpose-built for commercial robots, among the first of its kind in Asia. Through this innovative insurance solution, the initiative helps remove a significant barrier to enterprise adoption of AI-powered robots, accelerating the commercial deployment of robotics across Hong Kong and Southeast Asia.

At the core of this partnership, Axonex focuses on robotic data collection and analytics. Under the collaboration framework, combined with Axonex's robotics data, Axonex and YAS will develop usage-based and predictive micro-insurance products/usage-based and predictive micro-insurance products will be developed.

"Embedded insurance" refers to the integration of insurance protection directly into the purchase or usage process of another product or service. Through this collaboration, insurance is no longer a standalone policy but rather a seamless benefit that accompanies Axonex's robotics services. Clients can focus on leveraging robots to enhance business efficiency, while insurance protection is automatically activated in the background, making risk management simpler and more frictionless. Businesses will obtain relevant coverage at the point of service activation of Axonex-powered robot deployments without complicated, lengthy insurance procurement processes, significantly raising deployment efficiency.

Mr. Damian Chan, Chairman of the Board and Chief Executive Officer of Mint, said: "Axonex is pioneering a new model where robotics companies don't just sell hardware — we actively help customers manage the full risk lifecycle of robot deployment. Our joint venture with YAS on robotic data gives us deeper insights into how robots actually operate in real environments across Hong Kong and the region. Through YAS's platform, combined with our collaborator's underwriting capabilities, we develop smarter, more accurate, and truly embedded insurance products, ensuring that the coverage design is not only aligned with actual operational risks of robots but also sustainable. More importantly, Axonex goes beyond providing advanced robotics hardware to actively help customers manage the full risk lifecycle of robot deployment. This "hardware + data + insurance" one-stop service model differentiates Axonex from other robotics companies that offer only hardware or software, delivering greater overall value to customers and significantly enhancing its competitive advantage.

Mr. William Lee, Co-Founder of YAS, said: "We are delighted that through this collaboration, enterprise customers can receive comprehensive risk protection at the moment they choose Axonex robots, greatly enhancing their confidence in applying robotics technology. We believe that combining Axonex's robotics capabilities with our embedded insurance platform, in addition to our collaborator's underwriting expertise, will enable more businesses to embrace the efficiency gains brought by AI-powered robots."

Despite explosive growth in the robotics market, dedicated, scalable insurance solutions for commercial robots remain extremely limited. Enterprises in Hong Kong and Southeast Asia often face fragmented coverage, high deductibles, and slow claims processes when robots are damaged or involved in incidents. This has become a major obstacle to the widespread enterprise adoption of AI-powered robots.

The collaboration between Axonex and YAS, with an insurance company under a global insurance group headquartered in Switzerland providing underwriting support, directly addresses this pain point by embedding protection into the robotics service itself, filling a critical gap in the market. For Axonex's customers, the value of this partnership is especially substantial: businesses no longer need to navigate complex insurance arrangements on their own, enabling faster and easier adoption of robotics technology, significantly lowering the barrier to entry. Initial areas of coverage are expected to include robot repair and replacement costs, compensation related to deductibles under existing policies, and third-party liability protection in operational settings such as construction sites, shopping malls, office buildings, warehouses, and F&B outlets. This comprehensive protection gives enterprises greater confidence to deploy robots in core business operations and enhance their deployment confidence.

This collaboration represents a major step forward in applying embedded insurance principles to physical robotics, with clear pathways for expansion into Singapore, Malaysia, Thailand, Vietnam, Indonesia and other markets. Looking ahead, Axonex and YAS intend to expand this data-enabled embedded insurance model into other high-growth areas, including autonomous vehicles, electric vehicle ecosystems, commercial drones, smart infrastructure inspection robots, and green finance applications across the region, contributing to Hong Kong's development as a leading smart city and regional innovation hub.