Super X AI Technology Limited (NASDAQ: SUPX) ("the Company" or "SuperX") an AI infrastructure solutions provider, announced that its wholly-owned subsidiary, SuperX AI Solution Limited, a company incorporated in the British Virgin Islands, has entered into a joint venture agreement with Enervell Power Pte. Ltd., a Singapore subsidiary of Hangzhou Zhonhen Electric Co., Ltd., (Shenzhen Stock Exchange: 002364) ("Zhonhen Electric") and certain affiliates, related parties and designees of Zhonhen Electric, to establish a joint venture through a new entity incorporated in Singapore, SuperX Digital Power Pte. Ltd. Zhonhen Electric is one of the established providers in China's digital power industry.

HVDC: The Disruptive Power Architecture for AI Compute

As next-generation GPUs like the NVIDIA Blackwell push single-rack power consumption beyond 100kW, traditional alternating current (AC) power architectures have become a significant bottleneck for AI data center growth. The multiple AC-DC conversion steps in legacy systems lead to energy losses of approximately 10-15%, increase system complexity, consume valuable floor space, and drive up the total cost of ownership (TCO).

HVDC technology fundamentally changes this paradigm by simplifying the power distribution path, enabling a "DC-to-chip" architecture. Its core advantages include:

• Ultimate Energy Efficiency: Reduces power conversion stages from 4-5 to just 1-2, boosting end-to-end efficiency from approximately 85-90% ^[2]to over 96% and dramatically lowering electricity loss and operational expenditures (OPEX).
• Higher Power Density & Smaller Footprint: Eliminates bulky Uninterruptible Power Supply (UPS) and power distribution units, freeing up as much as 50% of facility space to deploy more AI servers and maximize compute density.
• Enhanced Reliability: A simpler architecture means fewer points of failure. HVDC is also natively compatible with battery energy storage systems, providing more stable power for mission-critical AI training workloads.
• Lower Total Cost of Ownership (TCO): Through significant savings in electricity, reduced capital expenditure on equipment, and simplified maintenance, HVDC solutions can lower a data center's TCO by over 20%.

Industry visionaries, including NVIDIA CEO Jensen Huang, have repeatedly highlighted the importance of power efficiency for AI industry^[3]. With NVIDIA's planned Rubin Ultra NVL576 expected to reach 600kW per rack after 2027, the disruptive energy efficiency of HVDC is shifting it from an "option" to a "necessity" for building next-generation AI data centers.

Zhonhen is the definitive leader and standard-setter for HVDC technology in China. Its solutions are trusted by the country's top-tier technology and telecom giants—including China Mobile, China Telecom, Alibaba, Tencent, and Baidu—and have been massively deployed, proving their stability and performance in powering China's core digital economy.

Synergistic Value: Empowering SuperX as a Global Full-Stack AI Infrastructure Leader

The partnership with Zhonhen Electric delivers immense strategic value to SuperX:

1. Completes the "One-Stop-Shop" Solution: This venture extends SuperX's capabilities from AI servers, liquid cooling, and networking to the very heart of the data center—the power system. SuperX will be able to offer a fully optimized solution from power-in to model-out, giving SuperX an edge over its competitors.
2. Builds a Core Technology Moat: The joint venture enables SuperX to offer HVDC products that are deeply integrated with its AI servers and liquid cooling solutions, creating a "Compute + Cooling + Power" trifecta. This provides customers with unmatched performance and TCO.
3. Secures a First-Mover Advantage Globally: By bringing Zhonhen Electric's market-leading technology to the international stage through its global channels, SuperX can rapidly meet the urgent demand for fast-deployment, high-efficiency AI data centers, helping customers gain a competitive edge worldwide.

"The race in AI is also a race for energy efficiency," said Kenny Sng, CTO of SuperX. "SuperX is proud to announce a strategic alliance with Zhonhen, the leading authority in China's HVDC technology. This partnership represents a deep synergy between our respective technology roadmaps, culminating in the launch of 'SuperX Digital Power'. This collaboration will establish a new global standard for energy-efficient AI data centers, empowering our clients to scale computational resources with operational efficiency and reduced environmental impact.