SHENZHEN - ZJK Industrial Co., Ltd. (NASDAQ:ZJK), a manufacturer of precision metal parts currently trading at premium valuation multiples according to InvestingPro, announced today it is expanding its collaboration with NVIDIA Corporation (NASDAQ:NVDA), a leader in accelerated computing. ZJK Industrial will develop samples for an upcoming NVIDIA liquid cooling project, marking a significant step in the company's growth strategy and its partnership with the tech giant.
The collaboration emphasizes ZJK Industrial's role as a key vendor in NVIDIA's supply chain for liquid cooling systems, essential for AI server technology. In response to NVIDIA's sample request, ZJK Industrial has formed a dedicated engineering team to meet the high-quality production standards required for the liquid cooling systems.
Ning Ding, CEO of ZJK Industrial, expressed optimism about the collaboration's potential, highlighting the opportunity to showcase the company's R&D capabilities and the quality of its engineering. ZJK Industrial aims to maintain its status as a preferred supplier for NVIDIA by focusing on innovation in AI cooling systems.
ZJK Industrial specializes in the production of various precision metal parts for industries such as new energy vehicles and smart electronic devices. The company has been in the precision metal parts manufacturing industry for twelve years and boasts a professional team, advanced automated equipment, a stable customer base, and comprehensive quality management systems. InvestingPro data shows the company maintains strong financial health, with liquid assets exceeding short-term obligations, and has remained profitable over the last twelve months.
The partnership with NVIDIA represents a strategic move for ZJK Industrial as it seeks to diversify its product offerings and enhance its technical capabilities by entering sub-assembly and assembly manufacturing. This initiative is part of ZJK Industrial's broader goal to remain at the forefront of the transformative AI cooling systems industry. The company's strong market performance is evident in its substantial returns over the past three months, with InvestingPro offering 11 additional investment insights for subscribers.
The information in this article is based on a press release statement from ZJK Industrial Co., Ltd. and reflects the company's current expectations and projections for future events. Investors are advised to review other factors that may affect the company's future results in its filings with the U.S. Securities and Exchange Commission.
In other recent news, ZJK Industrial Co., Ltd. has seen some significant changes in its auditing department. The company recently announced that HTL International, LLC has been appointed as its new independent registered public accounting firm, succeeding TPS Thayer, LLC. This transition was not the result of any disagreements regarding accounting principles, practices, financial statement disclosure, or auditing procedures.
ZJK Industrial emphasized that the reports from the previous auditor for fiscal years ending December 31, 2022, and 2023, did not contain any adverse opinions or significant modifications. This change in auditors follows the company's recent disclosure of material weaknesses in internal controls over financial reporting. The disclosure was part of ZJK Industrial's latest prospectus filed as part of their initial public offering documentation.
These developments are the latest in a series of recent updates from ZJK Industrial, highlighting the dynamic nature of the company's operations.
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