LOBO EV Technologies has signed a letter of intent with Wyoming hospital equipment supplier Roundtree Lab for manufacturing smart beds.
With this partnership, LOBO will mark its entry into the healthcare equipment market. The collaboration aims to produce smart electric medical transport beds, marking a diversification for LOBO.
Go deeper with GlobalData
Both parties are anticipated to sign a definitive agreement.
LOBO CEO Huajian Xu said: “We are thrilled to join forces with Roundtree Lab to deliver AI-powered medical transport beds to the US healthcare market. This collaboration underscores our dedication to creating cutting-edge products that offer exceptional value and user experience—whether on the road or in a hospital setting.”
The partnership combines LOBO’s expertise in multimedia interactive systems, connectivity, and electric mobility capabilities with Roundtree’s advanced bed technology and patented AI solutions.
The goal is to enhance patient safety and care in healthcare facilities.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataLOBO will serve as the original equipment manufacturer (OEM) for Roundtree’s AI-driven medical transport beds leveraging the latter’s licenses and patents.
Roundtree’s relationships with hospitals in the US are expected to expedite market penetration for the beds in the country.
The partnership has a projected revenue potential of over $10m in 2025, assuming LOBO’s consistent quality product delivery.
Roundtree Lab CEO Gordon Franklin said: “LOBO’s proven manufacturing prowess and commitment to technology innovation make them the ideal partner. We believe our patented AI platform, combined with LOBO’s top-tier production, will raise the bar for patient care and operational efficiency in healthcare facilities.”
LOBO designs, develops, manufactures and sells e-mopeds, e-bicycles, e-tricycles, and electric off-highway four-wheeled shuttles.
