Company: STAK
Filing Date: 2025-02-26
Form Type: 424B4
Source: 0001493152-25-008310
Chunk: 89

Company: STAK Inc.
Filing Date: 2025-02-26
Form: 424B4
Chunk 89
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Our operating subsidiary, YLAN, has been acknowledged by the Jiangsu Province government as a “specialized and sophisticated small- and medium-sized enterprise focusing on innovation and differential” for the year of 2024, valid for a period of three years. Our research center has been designated as an engineering technology center in Changzhou City. We have also received honors such as “Outstanding Enterprise in the Growth Category of the 11th China Innovation and Entrepreneurship Competition (National Competition)” organized by the Chinese Ministry of Science and Technology, the 17th batch of “Longcheng Talent” entrepreneurial enterprises in Changzhou City, the 2022 “Three New” Economic Demonstration Enterprise in the Tianning District of Changzhou City, the 2021 “Four Up” New Award in the Tianning Economic Development Zone of Changzhou City, and the 2022 “Three New” Economic Demonstration Enterprise, among others. We also participated in drafting of the industry standard “H Nut.” YLAN was also acknowledged as one of 197 key enterprises for future securities exchange listing and included in the “Long Teng Action Plan”.

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Our Competitive Advantages

We believe the following advantages contribute to our success and set us apart from competitors:

Independent Research and Development Capabilities:We have extensive experience in developing automation equipment and specialized vehicles, enabling us to create various oilfield-specialized vehicle equipment. Since 2012, our team has been dedicated to researching automation control technology. We combine automation with traditional oilfield operational equipment, enhancing the automation levels of our equipment. We established a joint venture, the Intelligent Oilfield Special Vehicle Research and Development Center, with the Jiangsu Research Institute of Dalian University of Technology in August 2020. The institute dispatched 10 research and development engineering experts to work full-time at the center, including 4 Ph.D. and 4 Master’s degree holders. The center integrates technology research and development, results transformation, and talent training, focusing on developing high efficiency, energy-saving, and environmentally friendly automation equipment urgently needed in oil exploration and production to boost our company’s progress towards the high-end and cutting-edge manufacturing value chain. In March 2022, we entered into a three-year industry-academic-research cooperation agreement with Jiangsu University. Both parties cooperate in research and development of automatic obstacle avoidance for special vehicles used in oil fields under specific environments. Our team integrates operational equipment with heavy-duty commercial vehicles according to customer requirements, meeting the needs of mobile operations while complying with relevant road regulations.