3 E Network Commences Phased Delivery of Approximately $5.0 Million Core Storage Hardware Order
Key Highlights
- ➤Approximately $5.0 million storage hardware order enters phased delivery
- ➤First batch of enterprise memory modules and storage controllers shipped on schedule
- ➤Progressive revenue recognition and customer payments expected over coming quarters
- ➤Operating cash flow will support Finland AI compute center and proprietary AI chip R&D
Expert Statements
Tingjun Yang, Chief Executive Officer of 3 E Network
“The on-schedule dispatch of the initial storage components signifies that this approximately $5.0 million contract has transitioned from a signed agreement into tangible fulfillment. Our team managed the process, from staging and testing to shipment, within the established timeframe, demonstrating the Company's operational execution when handling enterprise-level high-volume hardware demands.”
Tingjun Yang, Chief Executive Officer of 3 E Network
“As this order enters a regular delivery and payment cycle, we expect the related revenue to be progressively reflected in our financial statements. The management team will continue to take a pragmatic approach, using operating cash flow generated by our enterprise IT solutions business to support the construction of our European AI compute center and the R&D of our proprietary AI chip. Our objective is to maintain the stable operation of our core IT business while taking steady and methodical steps to expand our long-term competitive edge in the AI compute infrastructure market.”
HONG KONG, Oct. 22, 2026 (GLOBE NEWSWIRE) -- 3 E Network Technology Group Limited (Nasdaq: MASK) (the “Company” or “3 E Network”), a business-to-business (“B2B”) information technology (“IT”) business solutions provider committed to becoming a next-generation artificial intelligence (“AI”) infrastructure solutions provider, today announced that its wholly-owned subsidiary, 3e Network Technology Company Limited (HK), has begun shipping the first batch of products under its recently announced approximately $5.0 million core storage hardware sales contract.
This phased delivery primarily involves large quantities of enterprise-grade high-density memory modules and data center-grade storage controllers. Supported by the Company’s global logistics network, the initial components have been successfully dispatched, with subsequent batches scheduled for delivery over the coming quarters based on a mutually agreed timeline.
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