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iPower signs non-binding LOI for $21.9M annualized AI services deal
IPWiPower Inc.
iPower Inc.'s subsidiary, iPower AI LLC, received a customer-signed letter of intent for a five-year AI equipment services and management relationship. The proposed engagement targets an initial fleet of 48 units expanding to approximately 396 units in 2027, representing up to $21.90 million in annualized service fees at the end of the build-out. The LOI is non-binding and subject to a definitive agreement. iPower Inc. operates as a technology company focused on AI infrastructure investments and e-commerce.