HSINCHU, Taiwan, March 02, 2026 — MKDWELL Tech Inc. (Nasdaq: MKDW) (“the Company” or “MKDW”), a manufacturer of automotive electronics, announced today that, via its operating subsidiary, it has reached a cooperation letter of intent with Sensor Electronics Co., Ltd., which is headquartered in Wuhan, Hubei Province, China (“Sensor Electronics”), for the joint development of an agricultural machinery automation control system and related electronic integration solutions. According to this letter of intent, both sides will cooperate on the development and implementation of (i) Beidou terminal products (including high – precision positioning modules, antennas, 4G/5G communication modules and IMU components) and (ii) central integrated controllers for agricultural machinery (including ECU core processing modules and related interfaces), with an emphasis on precision operation and remote monitoring capabilities. The letter of intent also details each party’s proposed responsibilities in areas such as hardware design and manufacturing, software algorithm and application development, testing and verification, and market development. The letter of intent is non – binding and is meant to serve as a cooperation framework, and the parties anticipate entering into a definitive agreement that specifies delivery timelines, unit purchase prices, and technical acceptance standards.
Ming – Chia Huang, Chairman and CEO of MKDW, said: “Our proprietary Beidou terminal products and central integrated controllers are engineered for seamless integration into agricultural machinery, facilitating precision operations and remote monitoring to boost crop yields and production efficiency. Sensor Electronics is a leading supplier of agricultural machinery components in China. Through this partnership, we aim to tackle the global challenges of declining birth rates and a shrinking agricultural workforce across Asia, the Americas, and Europe.”
The Company expects to speed up the deployment of its intelligent agricultural solutions starting from mid – 2026.
About MKDWELL Tech Inc.
Through its operating subsidiaries, MKDW is a manufacturer and provider of automotive electronics for passenger cars, modified commercial vehicles, camper vans, and logistics vehicles. The Company’s business encompasses R&D, design, production, and sales, with a focus on intelligent control systems and LiDAR sensors. Operations are carried out through a design center in Hsinchu Science Park, Taiwan, and a manufacturing plant in Jiaxing, China.
Safe Harbor Statement
This press release includes forward – looking statements as defined by the US Private Securities Litigation Reform Act of 1995. Forward – looking statements in this press release include, among other things, statements about the partnership with Sensor Electronics, the parties’ ability to enter into a definitive agreement, the timing and probability of completing the joint development of the agricultural machinery automation control system, and the Company’s expectations regarding its future business development. There is no guarantee that the parties will enter into a definitive agreement. These statements involve inherent risks and uncertainties that could lead to actual results differing significantly from the projections. For more information, please refer to the Company’s filings with the SEC. The Company has no obligation to update any forward – looking statement, except as required by applicable law.
Contact: MKDWELL Tech Inc.
Email:
