Future FinTech Subsidiary Secures Global Exclusive License For 'Vacuum Parcel' Ultra-High-Speed Rail Technology In Joint Venture With Innovatelab

Author: Benzinga Newsdesk | September 02, 2025 08:35am

Future FinTech Group Inc. (NASDAQ:FTFT, ", Future FinTech", , ", FTFT", , or the ", Company", ))), a comprehensive financial and digital technology service provider, today announced that its wholly-owned subsidiary, Future Commercial Group Co. Ltd., has signed a Project Cooperation Agreement with Innovatelab LLC, securing the global exclusive license for the revolutionary 'Vacuum Parcel' technology for ultra-high-speed rail transportation. The two parties will collaborate to commercialize this potentially groundbreaking innovation which the Company believes is a game-changer in ultra-high-speed rail development. FTFT holds a 55% equity position and Innovatelab LLC holds a 45% position in the new joint venture. FTFT will be responsible for investment capital and external financing, while Innovatelab LLC will focus on technology and R&D.

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