E Home Household Service Holdings Ltd (EJH)

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“9:00a ET 8/5/2022 - PR Newswire
Cutting Edge Robotic Technology Simplifies Household Maintenance

FinancialBuzz.com News Commentary

Domestic robots are becoming more and more popular. In fact, recent years have shown the segment to be in high demand. Typically, a domestic robot is a service robot used for various household activities such as floor cleaning, pool cleaning, lawn mowing, or for various medical and disinfecting purposes. Such robots are usually autonomous in nature and are controlled by an integrated control system. Of course, innovation plays a major role in making these robots convenient and easy to use. The continuous development of technology with respect to interaction, cognition, and manipulation has made the use of domestic robots attractive in the overall household segment. And, according to data provided by Mordor Intelligence, the household robots market was valued at USD 6.81 Billion in 2021. Furthermore, it is expected to reach USD 21.94 Billion by 2027, while registering a CAGR of 20.50% during the forecast period of 2022-2027. E-Home Household Service Holdings Limited (NASDAQ: EJH), iRobot Corp. (NASDAQ: IRBT), NVIDIA Corporation (NASDAQ: NVDA), Teradyne, Inc. (NASDAQ: TER), UiPath Inc. (NYSE: PATH)

Moreover, the increased implementation of AI and automation in household equipment has led to even more growth in the domestic robot market. For example, with the increasing development in machine vision cameras, companies are using these 2D and 3D machine vision cameras with AI technologies to effectively map edges of the floor, such as a staircase, and to recognize obstacles, such as dustbins, and cables, doorsills, and rugs. For instance, Xiaomi CyberDog is a quadruped robot capable of moving as fast as 3.2 meters per second. It is capable of object motion tracking, creating real-time maps, avoiding obstacles as it moves, and is powered by Nvidia's Jetson Xavier AI platform.

E-Home Household Service Holdings Limited (NASDAQ: EJH) announced earlier this week breaking news that, "the Company has begun testing of robot cleaners in providing household services.

Fast pace of life is quite common across urban cities. The way people perceive their household chores has been changed by the pandemic as well as we tend to care about hygienic standard more than we did before. With regard to the growing interest from our consumers who are pushing technology to innovate, E-Home redefines AI technology application in household cleaning, bringing this futuristic lifestyle closer to everyone.

The Company is testing its first robot cleaner model that is designed for expert navigation and strong cleaning effect. The cleaner will help E-Home's household service crew navigate to corners and edges with ease, avoid large pieces of furniture while cleaning thoroughly from dust to large debris hiding in tile gaps, under furniture and on carpets. In addition, the robot cleaner is also designed to perform disinfection works as precautions should always be taken to prevent any potential spread of pandemic virus.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: 'At E-Home, we've witnessed the success of our humanoid robotic customer service and staff training initiatives. How the core technology of robotic products applies to usage scenarios with high frequency, high demand and difficult pain points is the background story which has inspired us to keep our journey in exploring household robot cleaners. We aim to introduce smart home appliances into every household with reasonable price and better user experience.'"

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