Massimo Group (MAMO)

Massimo Group Announces Confirmed U.S. Department of Defense and U.S. Army Fleet OrdersJune 16, 2026 9:20 AM
PR Newswire (US) Orders support facility operations, maintenance, logistics movement, and day-to-day fleet activities as Massimo continues expanding its government and military fleet businessGARLAND, Texas, June 16, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles and tritoon and pontoon boats, today announced continued momentum within its expanding government and military fleet business, including confirmed purchase orders from the U.S. Department of Defense and the U.S. Army. The orders are expected to support facility operations, maintenance, logistics movement, and day-to-day fleet activities. Massimo also expects additional military-related vehicle purchases from existing inventory once requested units become available in July 2026.While specific order values, vehicle quantities and facility details have not been publicly disclosed, Massimo believes these initial government and military fleet orders are strategically important because public-sector and defense-related fleet procurement programs can involve recurring replacement cycles, vendor qualification processes, follow-on purchasing opportunities, and broader deployment potential across multiple facilities and operating environments."Our confirmed purchase orders from the Department of Defense and the U.S. Army represent an important milestone for Massimo's expanding fleet business," said Quenton Petersen, Chief Executive Officer of Massimo Group. "These orders demonstrate the practical value of Massimo vehicles in operational environments where durability, versatility and cost efficiency are critical. We believe our growing traction with government and military customers further validates our fleet strategy and our ability to serve demanding institutional buyers."Massimo's Fleet Department continues to expand its presence across government, military, municipal, institutional, utility, public works, and commercial fleet markets. The Company's broad vehicle portfolio allows it to address a range of customer needs, from value-oriented utility vehicles to premium models designed for more demanding operational applications.Massimo's newest premium vehicle lines, including HVAC-equipped models featuring heating and air conditioning in both gas and electric configurations, are designed to support year-round fleet use where operator comfort, reliability and vehicle capability are important purchasing considerations. The Company believes these climate-controlled vehicles are particularly well suited for military facilities, municipal operations, airports, universities, utilities, public works departments, and other fleet operators requiring dependable performance in a wide range of environments."In many fleet applications, customers need vehicles that are practical, reliable and cost-effective, while also supporting operator comfort and daily productivity," added Petersen. "Our HVAC-equipped utility vehicles and electric carts provide a compelling solution for customers who require year-round functionality without moving into significantly higher-priced vehicle categories. Combined with our broader portfolio, we believe Massimo is well positioned to meet the needs of a wide range of government, military, and commercial fleet customers."Massimo believes its expanding fleet activity represents an important component of the Company's long-term growth strategy. As the Company continues to build relationships with government, military, municipal, and institutional buyers, Massimo expects to pursue additional opportunities across facility support, public works, campus operations, airport ground support, utilities, parks and recreation, logistics movement, and other operational fleet applications."Our goal is to establish Massimo as a trusted supplier of durable, versatile, and cost-effective fleet vehicles," Petersen continued. "The confirmed government and military orders, combined with continued interest from public-sector and institutional customers, support our belief that fleet sales can become a meaningful growth channel for Massimo."About Massimo GroupMassimo Group is a Garland, Texas-based company that manufactures, imports and distributes a diversified portfolio of powersports vehicles and pontoon boats. The Company's product lines include utility terrain vehicles, all-terrain vehicles, mini-bikes, motorcycles, golf carts and pontoon boats, serving customers across recreational, commercial, agricultural, government and fleet markets.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include, but are not limited to, statements regarding Massimo Group's fleet growth strategy, expected vehicle purchases, expected product availability, potential follow-on procurement opportunities, product demand, market positioning, future revenue opportunities, and the Company's ability to expand within government, military, municipal, institutional, utility, public works, and commercial fleet markets. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Massimo undertakes no obligation to update any forward-looking statements except as required by law.Company ContactQuenton Petersen
CEO
Massimo Group
Email: ir@massimomotor.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-announces-confirmed-us-department-of-defense-and-us-army-fleet-orders-302801164.htmlSOURCE Massimo Group Original: Massimo Group Announces Confirmed U.S. Department of Defense and U.S. Army Fleet Orders

Massimo Group Launches AI Intelligent Patrol Platform Initiative Integrating Autonomous Patrol Vehicles, Spherical Security Robots and Drone SystemsMay 28, 2026 9:20 AM
PR Newswire (US) Prototype Development of Autonomous Patrol Electric Vehicles Officially Underway as Massimo Group Targets the $50.4 Billion U.S. Security Services Industry Through AI-Enabled Patrol and Intelligent Security Mobility SystemsGARLAND, Texas, May 28, 2026 /PRNewswire/ -- Massimo Group (Nasdaq: MAMO) ("Massimo" or the "Company"), a U.S.-based powersports and utility vehicle company, today announced the formal launch of its AI intelligent patrol platform initiative, marking the Company's strategic expansion into AI-powered security infrastructure, autonomous patrol systems, and intelligent robotics applications. The Company believes its platform is positioned to address a large and growing security market across residential communities, industrial facilities, logistics parks, commercial properties, campuses, and public-sector environments. According to IBISWorld, the U.S. Security Services industry is estimated at approximately $50.4 billion in 2026. According to Grand View Research, the global physical security market was estimated at approximately $147.36 billion in 2024 and is projected to reach approximately $216.43 billion by 2030.Massimo's AI intelligent patrol platform is being developed by leveraging the Company's existing electric cart and utility vehicle platforms and upgrading them into AI-enabled autonomous patrol vehicles. By combining these upgraded unmanned patrol vehicles with spherical security robots and drone coordination systems, the Company aims to create an integrated "ground-mobile-air" patrol ecosystem capable of supporting continuous security monitoring, intelligent route patrol, abnormal event detection, and coordinated response across large-area environments.The initiative is designed around a coordinated intelligent patrol architecture integrating:Autonomous AI patrol electric vehicles;AI-powered spherical security robots; andIntelligent drone coordination systems.The announcement follows the execution of a strategic supplemental cooperation agreement between Massimo and Shenzhen Zikongjian Robot Co., Ltd. focused on the joint development of next-generation intelligent spherical patrol robots and related autonomous security technologies.According to the cooperation framework, the parties plan to jointly develop intelligent robotic security products featuring autonomous navigation, environmental sensing, AI-powered behavioral analysis, real-time abnormal event recognition, cloud-connected command systems, and coordinated multi-device response capabilities. The future platform is also expected to integrate unmanned patrol vehicles and drone systems to create a scalable AI-driven intelligent patrol ecosystem.Massimo further confirmed that development work on prototype autonomous patrol vehicles has officially commenced, including AI-enabled driverless patrol electric vehicle systems designed for continuous operation in commercial and community security environments. Initial engineering, software integration, and intelligent control system development are currently underway.The Company believes that the increasing adoption of AI-powered security infrastructure, intelligent robotics, and autonomous patrol technologies may create substantial long-term opportunities in smart community management, industrial park security, logistics facility operations, warehouse management, and commercial property protection."Massimo is entering a new phase of intelligent platform development," said Quenton Petersen, Chief Executive Officer of Massimo Group. "We believe the future of patrol and facility security systems will increasingly move toward integrated AI ecosystems combining autonomous vehicles, intelligent robotics, and aerial coordination capabilities. By leveraging Massimo's existing vehicle platforms and commercialization capabilities, we believe we are well-positioned to explore next-generation intelligent patrol solutions for communities, industrial parks, warehouses, and large-scale commercial environments."The Company stated that future development phases may include expanded applications involving:Smart community patrol systems;Industrial and warehouse security automation;Intelligent logistics park management;Campus and healthcare facility patrol solutions;Commercial property security operations; andPublic-sector intelligent patrol infrastructure.According to the Company, the current phase primarily focuses on technology development, prototype engineering, and platform architecture integration. Commercial deployment timelines will depend on continued development progress, testing results, regulatory considerations, and market conditions.About Massimo GroupMassimo Group (Nasdaq: MAMO) is a U.S.-based manufacturer and platform company focused on powersports vehicles, utility transportation products, and next-generation intelligent mobility solutions. The Company is actively expanding into AI-enabled patrol technologies, intelligent robotics integration, and autonomous platform ecosystems.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release, including statements regarding expected market sizes, the performance of the cooperation agreement between Massimo and Shenzhen Zikongjian Robot Co., Ltd., any future expanded applications, fulfillment activity, anticipated sell-through performance, operational execution, and long-term shareholder value creation, are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," or similar expressions, and the negatives of those terms.These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, retail sell-through performance; cooperation agreement performance, customer demand; inventory availability; production, shipping or logistics delays; macroeconomic conditions; inflationary pressures; supply chain constraints; competitive pressures; regulatory developments; retail partner performance; and other risks and uncertainties described in filings made by Massimo Group with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and Current Reports on Form 8-K.Forward-looking statements speak only as of the date they are made. No assurance can be given regarding forward-looking statements, and actual results may differ materially from those indicated. Massimo Group undertakes no obligation to update these statements except as required by law.Investor Relations ContactMassimo Group
Investor Relations
ir@massimomotor.com   View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-launches-ai-intelligent-patrol-platform-initiative-integrating-autonomous-patrol-vehicles-spherical-security-robots-and-drone-systems-302783565.htmlSOURCE Massimo Group Original: Massimo Group Launches AI Intelligent Patrol Platform Initiative Integrating Autonomous Patrol Vehicles, Spherical Security Robots and Drone Systems

Massimo Group Begins Revenue-Generating Fulfillment for Large-Scale Tractor Supply Retail ProgramMay 19, 2026 9:20 AM
PR Newswire (US) Initial inventory of more than 1,000 units in stock, with orders scheduled for pickup, supporting Massimo's expected 2026 revenue growth strategy and continued national retail expansionGARLAND, Texas, May 19, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a manufacturer and distributor of powersports vehicles, utility vehicles, and outdoor mobility products, today announced that it has commenced revenue-generating fulfillment activities for its newly authorized in-store SKU program with Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States. The milestone follows the Company's previously announced authorization for a significant national rollout of a core utility-focused product across Tractor Supply's retail network. With initial inventory of more than 1,000 units now in stock and orders scheduled for pickup, Massimo has advanced from retail authorization into active fulfillment and revenue execution.Management believes the program has the potential to become an important revenue contributor through the remainder of 2026 as fulfillment volumes, retail sell-through activity, and potential replenishment orders scale. The Company believes this transition from authorization to fulfillment validates Massimo's national retail growth strategy and its ability to convert large-scale retail opportunities into commercial execution."This is more than a retail authorization milestone — this is the beginning of revenue execution," said Quenton Petersen, Chief Executive Officer of Massimo Group. "A few months ago, we announced a significant retail opportunity. Today, we have inventory in stock, orders scheduled for pickup, and products beginning to move into the retail channel. We believe this demonstrates to our shareholders that Massimo is not simply announcing growth initiatives — we are executing against them."Petersen continued, "Tractor Supply is one of the most important retail platforms serving rural lifestyle customers in the United States. We believe our products align strongly with that customer base, and we are proud to support this program with inventory readiness, fulfillment capability, operational execution, and a continued focus on quality and value."Massimo believes the commencement of fulfillment activities represents another step in its broader 2026 growth strategy, which includes expanding national retail distribution, strengthening inventory availability, supporting sell-through performance, and building opportunities for future replenishment orders, subject to retail performance and mutual agreement.The Company remains focused on disciplined execution across its retail channel, including fulfillment reliability, product availability, customer support, and continued collaboration with leading national retail partners. Massimo believes this program provides a scalable foundation for meaningful revenue contribution and long-term shareholder value creation.About Massimo GroupMassimo Group is a manufacturer and distributor of powersports products and outdoor utility vehicles. Headquartered in Texas, the Company offers a full lineup of UTVs, ATVs, mini bikes, outdoor recreational products, and utility-focused mobility platforms designed for work, recreation, and lifestyle applications. Massimo is focused on combining operational scale, retail distribution expansion, and product innovation to support long-term growth opportunities across its core markets.Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo Group. All statements other than statements of historical facts contained in this press release, including statements regarding expected fulfillment activity, anticipated sell-through performance, potential replenishment orders, future revenue contribution, retail expansion, operational execution, inventory availability, and long-term shareholder value creation, are forward-looking statements.In some cases, forward-looking statements can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," or similar expressions, and the negatives of those terms.These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, retail sell-through performance; customer demand; inventory availability; production, shipping or logistics delays; macroeconomic conditions; inflationary pressures; supply chain constraints; competitive pressures; regulatory developments; retail partner performance; and other risks and uncertainties described in filings made by Massimo Group with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and Current Reports on Form 8-K.Forward-looking statements speak only as of the date they are made. No assurance can be given regarding forward-looking statements, and actual results may differ materially from those indicated. Massimo Group undertakes no obligation to update these statements except as required by law.Investor Relations ContactMassimo Group
Investor Relations
ir @Jenny-88772 View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-begins-revenue-generating-fulfillment-for-large-scale-tractor-supply-retail-program-302775540.htmlSOURCE Massimo Group Original: Massimo Group Begins Revenue-Generating Fulfillment for Large-Scale Tractor Supply Retail Program

Massimo Group Launches Sentinel 770 HVAC as Part of Sentinel Product Line Targeting Approximately US$10 Million in 2026 RevenueMay 6, 2026 9:20 AM
PR Newswire (US) Building on the success of the Sentinel 570 HVAC, the new Sentinel 770 HVAC expands Massimo's sub-$20,000 climate-controlled UTV lineup as dealer orders and fleet interest continue to buildGARLAND, Texas, May 6, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a U.S.-based provider of utility-focused powersports vehicles, today announced the launch of pre-orders and initial dealer orders for its new Sentinel 770 HVAC UTV, the latest addition to the Company's Sentinel HVAC product line. The Sentinel 770 HVAC builds on the successful introduction of the Sentinel 570 HVAC and represents the next step in Massimo's strategy to expand its lineup of fully enclosed, climate-controlled utility terrain vehicles at accessible price points.The Sentinel HVAC product line is a newly introduced extension of Massimo's established utility vehicle manufacturing platform and did not contribute meaningful revenue in the prior year. Based on current dealer orders, delivery schedules and market interest, Massimo currently expects the Sentinel product line to generate approximately US$10 million in revenue in 2026, subject to production execution, customer demand, delivery timing and overall market conditions.Massimo believes the Sentinel Series may become an important near-term revenue driver as the Company continues to expand beyond its traditional product offerings and develop higher-value, feature-rich vehicle platforms.The Sentinel Series targets a significant gap in the UTV market by offering fully enclosed, factory-integrated heating and cooling systems at price points below US$20,000, compared to comparable HVAC-equipped vehicles from other OEMs that are often priced above US$30,000. The Company believes this pricing strategy opens year-round cabin comfort to a broader customer base, including budget-conscious consumers, commercial operators, municipalities, agricultural users, property owners, and fleet buyers."We believe the Sentinel product line represents an important step in Massimo's product evolution and a meaningful opportunity to expand our revenue base," said Quenton Petersen, Chief Executive Officer of Massimo. "The Sentinel 570 HVAC helped validate demand for premium, climate-controlled UTVs at a more accessible price point, and the launch of the Sentinel 770 HVAC gives our dealers another compelling product to serve both consumer and commercial buyers. Based on current visibility, we expect the Sentinel line to generate approximately US$10 million in revenue in 2026."The Sentinel 570 HVAC and Sentinel 770 HVAC feature fully enclosed cabins with integrated heating and cooling systems, upgraded molded seating, dual touchscreen displays, and independent cooling functionality that allows remote cabin pre-conditioning. This independent cooling capability enables users to remotely activate the system and pre-cool the cabin before operation, providing an important comfort advantage during hot summer months.The cooling system can utilize AGM or lithium battery configurations, enabling hours of operation without immediate charging. Massimo believes this functionality can improve comfort, productivity, and vehicle utilization in high-temperature environments, particularly across agriculture, ranching, industrial operations, campus mobility, public works and municipal service applications.The newly launched Sentinel 770 HVAC is expected to be available for delivery later this month, and Massimo has already secured orders from dealers. The Company has also observed increasing interest from fleet buyers seeking cost-effective, all-weather mobility platforms that can support consistent use across varying environmental conditions."Fleet and commercial customers are increasingly looking for practical mobility solutions that combine durability, comfort and value," Petersen added. "By offering factory-integrated heating and cooling at an attractive price point, we believe the Sentinel 570 HVAC and Sentinel 770 HVAC position Massimo to capture opportunities with dealers, commercial buyers, and fleet operators who need year-round utility without the premium price tag traditionally associated with HVAC-equipped UTVs."Massimo's Sentinel HVAC line reflects the Company's broader strategy of leveraging its existing vehicle platform to introduce differentiated product lines that address underserved market segments. While the Company continues to evaluate additional technology applications across its vehicle portfolio, including intelligent and automated vehicle capabilities, Massimo's near-term focus remains on scaling commercial opportunities for the Sentinel 570 HVAC and Sentinel 770 HVAC.Through this phased product strategy, Massimo is working to strengthen its dealer network, expand fleet channel opportunities, and build a more diversified product portfolio supported by new revenue streams.About Massimo GroupMassimo Group (NASDAQ: MAMO) is a U.S.-based provider of utility-focused powersports vehicles, recreational products, and marine equipment. The Company delivers feature-rich products through a nationwide distribution and service network and is focused on expanding its platform through product innovation, operational execution, and scalable channel development across consumer and commercial markets.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable federal securities laws. These statements include, but are not limited to, statements regarding expected revenue contribution from the Sentinel product line, product launch timing, delivery schedules, dealer orders, market demand, customer adoption, fleet buyer interest, product performance, channel development, future product applications, platform expansion, and growth opportunities.Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied, including production execution, supply chain constraints, delivery timing, customer demand, product performance, competitive dynamics, technology development risks, commercialization timing, regulatory considerations and broader economic conditions, as well as the risks described in the "Risk Factors" section of the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update such statements except as required by law.Company Contact
Quenton Petersen
Chief Executive Officer
Massimo Group
ir@massimomotor.com View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-launches-sentinel-770-hvac-as-part-of-sentinel-product-line-targeting-approximately-us10-million-in-2026-revenue-302763538.htmlSOURCE Massimo Group Original: Massimo Group Launches Sentinel 770 HVAC as Part of Sentinel Product Line Targeting Approximately US$10 Million in 2026 Revenue

Massimo Expands Fleet Network and Advances Second-Generation Autonomous Patrol PlatformApril 21, 2026 9:25 AM
PR Newswire (US)

Growing deployment across facility-based environments and enhanced autonomous capabilities support broader commercial applicationsGARLAND, Texas, April 21, 2026 /PRNewswire/ -- Massimo Motor today announced the continued expansion of its electric vehicle fleet network across municipal, commercial, and institutional markets, alongside ongoing development of its second-generation autonomous patrol golf cart platform.







Massimo's electric fleet vehicles are being deployed across an increasing number of site-based operating environments, including public safety, property management, campus operations, industrial facilities, and other high-frequency use settings. The Company believes this expansion reflects rising demand for durable, cost-efficient electric vehicles designed for recurring operational use.In parallel with this growth, Massimo is advancing its second-generation autonomous patrol platform—an evolution beyond its traditional electric golf cart offerings. While earlier-generation models focused primarily on transportation and utility applications, the new platform is being designed with integrated autonomous patrol capabilities, continuous site monitoring, and real-time communication functionality.The platform is intended to support extended-duration or continuous patrol operations, with the ability to transmit alerts and operational data directly to designated personnel via mobile-connected systems. Massimo believes these features may enhance situational awareness, improve response times, and support more efficient security and facility management operations.The Company sees potential for this platform across a wide range of controlled environments, including manufacturing facilities, commercial properties, campuses, parks, and logistics sites—where consistent monitoring, operational efficiency, and labor optimization are increasingly important."We are expanding our fleet footprint while advancing a more purpose-built, patrol-oriented platform designed for real-world operating environments," said Quenton Petersen, Chief Executive Officer of Massimo. "This next-generation system reflects a shift beyond basic electric transportation toward more integrated, application-driven solutions that incorporate autonomous functionality, continuous operation, and real-time connectivity."For more information about Massimo's fleet solutions, please visit https://massimomotor.com/pages/fleet-solutions or contact Kevin Hartman, Fleet Sales Manager, at kevin.hartman@massimomotor.com.About Massimo MotorMassimo Motor is a U.S.-based manufacturer and distributor of utility-focused vehicles, with a growing emphasis on electric fleet solutions for municipal, commercial, and institutional customers. The Company's product portfolio includes electric utility carts, golf carts, UTVs, ATVs, and other purpose-built vehicles designed for practical applications across security, facility management, recreation, and industrial environments. Massimo is focused on expanding the role of electric mobility into high-frequency, site-based operations through durable design and application-specific innovation.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the Company's plans, objectives, goals, strategies, future events, future performance, and underlying assumptions, as well as other statements that are not statements of historical facts. These statements are often identified by words such as "may," "will," "expect," "anticipate," "believe," "intend," "plan," "estimate," or similar expressions.These forward-looking statements include, but are not limited to, statements regarding the Company's fleet network expansion, the development and capabilities of its second-generation autonomous patrol platform, and the potential commercial applications of such platform. Forward-looking statements are subject to risks and uncertainties, many of which are beyond the Company's control, including market conditions, customer demand, product development timelines, regulatory developments, competitive dynamics, and the Company's ability to successfully develop and commercialize new products and technologies. Actual results may differ materially from those expressed or implied.The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law. For additional information regarding these and other risks, please refer to the Company's filings with the Securities and Exchange Commission.Investor & Media Contact:
Quenton Petersen
Chief Executive Officer
877.881.6376
ir@massimomotor.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-expands-fleet-network-and-advances-second-generation-autonomous-patrol-platform-302748294.htmlSOURCE Massimo Group

Original: Massimo Expands Fleet Network and Advances Second-Generation Autonomous Patrol Platform

Massimo Group Announces CEO Appointment and Executive Chairman TransitionApril 20, 2026 10:35 AM
PR Newswire (US)

GARLAND, Texas, April 20, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) today announced the appointment of Quenton Petersen as Chief Executive Officer, effective April 14, 2026. David Shan will transition to Executive Chairman and remain actively involved in the Company's strategic direction and operations.







Mr. Petersen has been with Massimo Group for over nine years and has played a key role in the Company's growth and development.  "I'm honored to step into the CEO role at a pivotal time for Massimo Group," said Quenton Petersen. "Over the past nine years, I've seen firsthand the strength of our manufacturing capabilities and our platform across utility vehicles and electric mobility.As the industry evolves, we are seeing growing demand for more intelligent, application-driven solutions, and we believe our existing product lines provide a strong foundation to explore the integration of advanced technologies, including AI-enabled features.We plan to evaluate opportunities to expand these platforms into additional use cases, such as facility operations support and smart mobility applications, while taking a disciplined and measured approach. I look forward to working with our team to build on our strengths and continue advancing the business over time.""Quenton has been instrumental to Massimo's success, and I have full confidence in his leadership," said David Shan. "I look forward to continuing to work closely with him and the team as Executive Chairman."About Massimo GroupMassimo Group is a U.S.-based provider of utility-focused powersports and recreational vehicles, serving agricultural, commercial, and recreational customers through a nationwide distribution network. Its product portfolio includes UTVs, ATVs, electric golf carts, scooters, and pontoon boats. Massimo Group is a technology-driven company focused on building scalable platforms across mobility, equipment, and emerging intelligent automation applications. MAMO continues to evaluate strategic opportunities to enhance its long-term growth through product innovation, commercialization, intelligent equipment upgrades, and operational expansion.Company ContactQuenton Petersen
CEO
Massimo Group
ir@massimomotor.com  



View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-announces-ceo-appointment-and-executive-chairman-transition-302747349.htmlSOURCE Massimo Group

Original: Massimo Group Announces CEO Appointment and Executive Chairman Transition

MAMO.................................a/h

MAMO Announces Strategic Partnership to Advance Intelligent Commercial Automation and AI-Enabled Vehicle Platform StrategyApril 15, 2026 9:25 AM
PR Newswire (US)

Company to explore robotics integration, intelligent golf cart upgrades, and scalable automation opportunities leveraging existing U.S. assembly and operational capabilitiesGARLAND, Texas, April 15, 2026 /PRNewswire/ -- Massimo Group (Nasdaq: MAMO) today announced that it has entered into a strategic cooperation agreement (the "Agreement") with Shenzhen AIBO Robotics Co., Ltd. ("AIBO"), a robotics technology company specializing in intelligent service robots. The Agreement is intended to support MAMO's expansion into intelligent commercial automation, robotic service systems and AI-enabled equipment upgrades, with an initial focus on the United States and China.







Under the Agreement, MAMO plans to leverage its commercialization capabilities, market development resources and operational experience to support the introduction, localization, deployment, and scaling of robotic systems across commercial, retail, service and selected industrial environments. MAMO also intends to evaluate opportunities to utilize its U.S.-based assembly, manufacturing support, and technical service capabilities to support localization and deployment of robotics-related products in the North American market.AIBO is expected to serve as a strategic robotics technology and equipment partner, subject to project-level evaluation, technical validation, and mutually agreed commercial terms.In addition, MAMO intends to explore the application of intelligent automation and AI-enabled system upgrades to its existing golf cart and related vehicle platforms. The Company believes its current product base may provide a practical entry point for the development of next-generation intelligent mobility and service equipment solutions. Areas under evaluation may include assisted or semi-autonomous navigation, obstacle detection, route management, remote monitoring, environment-aware alert functions, and other software- and sensor-enabled capabilities. The Company also intends to evaluate potential applications of such upgraded platforms in managed environments, including patrol-support, inspection assistance, and site-based operational use cases.MAMO believes the cooperation aligns with its existing strengths in equipment assembly, electromechanical integration, supply chain coordination, deployment execution, and operational support, which may provide a foundation for expansion into robotics and intelligent automation.MAMO notes that the global service robotics market has been estimated by third-party industry sources, including reports from the International Federation of Robotics and major market research firms, to represent a multi-tens-of-billions-of-dollars market that continues to expand across applications such as commercial service, facility management, logistics, and security. Within this broader category, security and patrol robotics represent a rapidly growing segment, supported by increasing demand for automated monitoring, site management, and labor-reducing solutions. Industry analyses from firms such as Allied Market Research and Fortune Business Insights indicate that the global security robotics market is already in the multi-billion-dollar range and is expected to grow at an accelerated pace over the coming years.In the United States, demand for such solutions continues to be driven by labor shortages, rising operating costs, and increasing interest in technology-enabled security, inspection, and site management systems. MAMO plans to evaluate deployment opportunities across high-frequency, labor-sensitive, and standardized environments, including intelligent retail terminals, unattended service points, food and beverage applications, chain-based commercial formats, hospitality settings, healthcare support environments, managed-site mobility solutions, and selected industrial service scenarios. MAMO also intends to explore scalable operating models, including chain-based, franchise-oriented, multi-site, or scenario-based deployment structures.MAMO believes that a dual-market strategy across the United States and China may provide meaningful long-term growth opportunities in intelligent service, smart mobility, and commercial automation."This strategic partnership represents an important step in MAMO's long-term platform expansion strategy," said David Shan, Chief Executive Officer of MAMO. "By combining AIBO's robotics technology with our strengths in commercialization, deployment execution, electromechanical integration, U.S.-based assembly capabilities, and existing vehicle platform experience, we believe MAMO is positioned to evaluate practical automation applications across a range of real-world environments, including the potential intelligent upgrading of selected golf cart and utility vehicle platforms."AIBO management stated that the cooperation is expected to support the broader commercialization of its robotics technologies in international markets and accelerate the transition toward more integrated, scenario-based intelligent service solutions.The parties expect to further define specific commercial terms, including deployment plans, pricing mechanisms, channel responsibilities, localization arrangements, product integration scope, and potential revenue-sharing structures, through subsequent agreements. This cooperation agreement represents a preliminary framework, and there can be no assurance that any specific deployment, order, or revenue will result.About MAMOMAMO is a technology-driven company focused on building scalable platforms across mobility, equipment, and emerging intelligent automation applications. MAMO continues to evaluate strategic opportunities to enhance its long-term growth through product innovation, commercialization, intelligent equipment upgrades, and operational expansion.Safe Harbor StatementThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These statements include, but are not limited to, statements regarding future business strategies, the commercial agreement with AIBO, product launches, channel development, commercial expansion, intelligent automation initiatives, and operational improvements.Forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied by such statements, including those under "Risk Factors" in filings with the SEC made by Massimo. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.Company ContactQuenton Petersen
Vice President
Massimo Group
ir@massimomotor.com 










View original content to download multimedia:https://www.prnewswire.com/news-releases/mamo-announces-strategic-partnership-to-advance-intelligent-commercial-automation-and-ai-enabled-vehicle-platform-strategy-302742380.htmlSOURCE Massimo Group

Original: MAMO Announces Strategic Partnership to Advance Intelligent Commercial Automation and AI-Enabled Vehicle Platform Strategy

Massimo Group Reports FY2025 Results, Delivers Margin Expansion and Advances Premium Product PipelineApril 1, 2026 9:00 AM
PR Newswire (US)

Company Highlights Improved Gross Margins, Strengthened Dealer Channel and Expands Premium HVAC Product OfferingsGARLAND, Texas, April 1, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company") today announced its financial results for the fiscal year ended December 31, 2025, and confirmed that it has filed its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission.







The Company continues to transition toward a more disciplined, higher-margin operating model while advancing new product initiatives designed to support long-term growth.Financial HighlightsGross Margin: approximately 37.5%, compared to 29.7% in FY2024 (+780 basis points)Gross Profit: $26.9 million, compared to $32.5 millionNet Income: $1.5 million, compared to $1.8 millionRevenue: $71.8 million, compared to $109.3 millionCash at Year-End: $5.8 million, compared to $10.2 millionRevenue for 2025 reflects a deliberate strategy to rebalance dealer inventory, reduce channel saturation, and prioritize pricing integrity and long-term channel health over short-term volume growth.Gross margin expansion was driven by product mix optimization, supply chain efficiencies, and ongoing cost control initiatives.Operational and Strategic HighlightsDuring 2025, the Company executed a series of initiatives to strengthen the quality and sustainability of its business, including the following:Rebalanced dealer inventory levels and improved channel healthPrioritized pricing discipline and reduced promotional activityEnhanced product mix toward higher-margin offeringsAdvanced supply chain and cost optimization effortsThese actions contributed to improved margin performance and position the Company for more stable long-term growth.Business PlatformMassimo operates a nationwide platform supported by:Approximately 2,800 dealer locations across the United StatesOver 600 motor vehicle service providersOver 5,500 marine service providersA 376,000 square-foot integrated operations facility in TexasThis infrastructure provides the Company with a scalable national distribution and service platform capable of supporting future growth across both consumer and commercial markets.Product Innovation and Pipeline MomentumAs part of its ongoing strategy, Massimo continues to expand its premium vehicle lineup with a focus on utility-driven, all-weather mobility solutions.The Company has introduced its Sentinel Series UTVs and MVR Pro Series electric carts, both featuring fully integrated HVAC systems designed to enable year-round use across agricultural, commercial and recreational applications.Following strong early demand and positive dealer response to initial HVAC-equipped models, Massimo plans to launch the Sentinel 770 HVAC in April 2026, with the Sentinel 1500 expected to follow in July 2026 as a new flagship platform.The Company believes these premium offerings support its strategy of moving up-market, increasing average selling prices, and expanding into higher-value commercial and fleet applications.Outlook and Growth InitiativesLooking ahead, the Company remains focused on strengthening its core vehicle platform, expanding its distribution network, and developing commercial and fleet sales channels.In addition, in 2026, the Company plans to explore selective opportunities in intelligent automation and scalable consumer service platforms. These areas may include robotic-assisted systems, AI-enabled retail solutions and security-related technologies.These initiatives are in the early stages of evaluation and remain subject to further development and validation. The Company intends to pursue opportunities that align with its operational capabilities and long-term strategic objectives.The Company expects continued progress in margin stability and channel normalization as it enters fiscal 2026.CEO CommentaryDavid Shan, Chief Executive Officer of Massimo Group, commented:"2025 marked a deliberate transition year in which we prioritized margin expansion, dealer channel health, and operational discipline. While these actions impacted near-term revenue, they have strengthened the foundation of our business.At the same time, we are seeing strong momentum in our premium product initiatives, including the Sentinel UTV series and MVR Pro HVAC electric carts. Early demand for these models has been encouraging, and we believe they position us well to capture higher-value opportunities across both consumer and commercial markets.As we move into 2026, we expect these new product introductions, combined with a healthier channel and improved pricing dynamics, to support more sustainable long-term growth."Annual Report on Form 10-KThe Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, has been filed with the SEC and is available on the SEC's website at www.sec.gov and on the Company's investor relations website.About Massimo GroupMassimo Group (NASDAQ: MAMO) is a U.S.-based provider of utility-focused powersports vehicles, recreational products, and marine equipment. The Company delivers feature-rich products through a nationwide distribution and service network and is focused on expanding its platform through product innovation, operational execution, and scalable channel development across consumer and commercial markets.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "predict," "project," "target," "potential," "seek," "will," "would," "could," "should," "continue," "contemplate," "plan," and other words and terms of similar meaning. These statements include, but are not limited to, statements regarding future business strategies, product launches, channel development, commercial expansion, intelligent automation initiatives, and operational improvements.Forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied by such statements, including those under "Risk Factors" in filings with the SEC made by Massimo. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.Company Contact:Quenton Petersen, 
Vice President, 
Massimo Group,  
ir@massimomotor.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-reports-fy2025-results-delivers-margin-expansion-and-advances-premium-product-pipeline-302730508.htmlSOURCE Massimo Group

Original: Massimo Group Reports FY2025 Results, Delivers Margin Expansion and Advances Premium Product Pipeline

Massimo shares sink after LOI to buy AI firm FST rattles investorsFebruary 3, 2026 10:27 AM
IH Market News
Massimo Group (NASDAQ:MAMO) saw its shares plunge by more than 50% on Tuesday after the powersports vehicle maker disclosed that it has signed a non-binding letter of intent to acquire AI technology company FST Development Company Limited.The proposed transaction, which values FST at between $27 million and $35 million, was described by the company as a “strategic transformation” aimed at integrating FST’s artificial intelligence capabilities into Massimo’s mobility and health technology roadmap. Despite that positioning, the market reaction was sharply negative, with investors selling the stock aggressively following the announcement.Under the terms set out in the LOI, Massimo Group plans to acquire 100% of FST’s equity interests, based on a pre-money valuation of roughly $38 million to $50 million. Consideration for the deal could be paid in Massimo common stock, cash, or a combination of both.The two companies have agreed to a 60-day exclusivity period to conduct due diligence and negotiate definitive agreements, with the signing of final documents targeted for late March 2026. The LOI is non-binding and does not require either party to complete the transaction.“This transaction represents more than an acquisition—it is a strategic transformation. By bringing FST fully into the Massimo organization, we are combining our legacy of rugged, reliable vehicles with advanced AI-driven systems and software intelligence,” said Massimo CEO David Shan.If completed, Massimo expects the acquisition to allow it to embed FST’s AI-driven control platforms across its UTV, ATV and marine product ranges, shorten development cycles, reduce R&D costs and speed up the launch of connected products. The company also plans to expand into the AI health robotics market, where FST already has operations.Massimo Group designs, manufactures and distributes powersports vehicles, UTVs and electric mobility solutions through a nationwide dealer network.Massimo Group stock price

Original: Massimo shares sink after LOI to buy AI firm FST rattles investors

Massimo Group Signs Letter of Intent to Acquire 100% of AI technology company FST in Drive to Accelerate Its AI-Powered Mobility and Health Technology StrategyFebruary 3, 2026 5:06 AM
PR Newswire (US)

GARLAND, Texas, Feb. 3, 2026 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo" or the "Company"), a leading U.S. manufacturer and distributor of powersports vehicles and electric mobility solutions, today announced that it has entered into a non-binding Letter of Intent ("LOI") to acquire 100% of the equity interests of FST Development Company Limited ("FST"), a technology company specializing in intelligent hardware and AI-driven system-level solutions.







The proposed transaction represents a major strategic milestone for Massimo, positioning the Company at the convergence of two rapidly expanding global trends: AI-enabled outdoor mobility and next-generation digital health robotics.Transaction OverviewUnder the terms outlined in the LOI:FST is valued at a pre-money equity valuation of approximately US$38 million to US$50 million, reflecting its proprietary technology, integrated hardware-software capabilities, and growth potential;Massimo intends to acquire 100% of FST's equity interests for total purchase consideration ranging from approximately US$27 million to US$35 million;The purchase consideration may be satisfied through the issuance of Massimo common stock, payment of cash of equivalent value, or a combination of both, as to be agreed in the definitive transaction documents;Any equity consideration issued in connection with the transaction will be subject to a six-month contractual lock-up period following the closing;The release of such shares, if any, will be contingent upon the achievement of post-acquisition performance milestones and the successful integration of FST's operations, as determined at the sole discretion of Massimo Group's Chief Executive Officer.Strategic RationaleAs demographic changes, sustainability priorities and rapid technological advancement continue to reshape traditional industries, Massimo believes that intelligence, connectivity and data-driven systems represent the next evolution of outdoor mobility and equipment manufacturing. At the same time, global demand for proactive, personalized and scalable health solutions is accelerating, driven in large part by aging populations worldwide.By acquiring full ownership of FST, Massimo plans to integrate its manufacturing scale, brand strength, and nationwide distribution network with FST's full-stack AI capabilities, including intelligent control platforms, health-technology modules and proprietary AI middleware. Upon successful closing, Massimo expects the transaction will enable it to build a unified intelligent ecosystem spanning mobility, health and advanced system intelligence.Expected Synergies and Growth OpportunitiesFollowing completion of the acquisition, the combined organization is expected to:Embed FST's AI-driven control platforms, health-technology modules, and proprietary middleware into Massimo's next-generation UTV, ATV and marine product lines;Reduce product development cycles;Lower comprehensive R&D and system integration costs;Accelerate time-to-market for intelligent, connected and differentiated products; andEnable Massimo to enter the high-growth AI health robotics market, where FST already delivers medical-grade hardware and predictive health algorithms.Management Commentary"This transaction represents more than an acquisition—it is a strategic transformation," said David Shan, Chief Executive Officer of Massimo Group. "By bringing FST fully into the Massimo organization, we are combining our legacy of rugged, reliable vehicles with advanced AI-driven systems and software intelligence. Our objective is to make outdoor experiences safer, health monitoring more proactive, and advanced technology more accessible, while maintaining disciplined execution and long-term value creation."FST's Chief Executive Officer added, "Becoming part of Massimo will provide us with a powerful platform to scale our technology from individual modules to fully integrated ecosystems. With Massimo's operational strength and global reach, our hardware-software innovations can be deployed faster and at significantly greater scale."Timeline and ConditionsThe LOI provides for a 60-day exclusivity period during which the parties will conduct confirmatory due diligence and negotiate definitive transaction documents. The parties intend to execute final agreements by late March 2026, subject to customary closing conditions, including:Approval by the respective boards of directors;Receipt of applicable regulatory approvals; andCompletion of satisfactory financial, legal, and operational due diligence.Non-Binding Nature of the LOIThe LOI is non-binding and does not obligate either party to consummate the proposed transaction. There can be no assurance that definitive agreements will be executed or that the acquisition will be completed.About FST Development Company LimitedFST Development Company Limited is a technology developer focused on intelligent hardware and system-level solutions. The company provides deeply integrated hardware-software modules and ODM/OEM services for outdoor power equipment and AI health robotics applications.About Massimo GroupMassimo Group (NASDAQ: MAMO) is a U.S.-based manufacturer and distributor of powersports vehicles, utility terrain vehicles (UTVs), electric mobility solutions, and related accessories, serving customers through a nationwide dealer network.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are based on current expectations, estimates, projections, and assumptions, and are not guarantees of future performance. Words such as "expects," "intends," "plans," "anticipates," "believes," "may," "will," "could," "seek," "target," and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, without limitation, statements regarding the proposed acquisition of FST Development Company Limited, the anticipated timing and process for negotiating and executing definitive agreements (including within the 60-day exclusivity period and by late March 2026), the satisfaction of closing conditions, expected synergies and strategic benefits, projected reductions in development cycles and costs, accelerated time-to-market, planned integration of FST's AI-driven control platforms, health-technology modules, and proprietary middleware into Massimo Group's product lines, and Massimo's potential entry into the AI health robotics market. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, among others, that the letter of intent is non-binding and does not obligate either party to consummate the proposed transaction; the parties may not reach definitive agreements on the expected timeline or at all; confirmatory due diligence may yield findings that alter the parties' plans or economic terms; failure to obtain necessary approvals from the respective boards of directors; failure to obtain, delays in obtaining, or imposition of burdensome conditions in connection with required regulatory approvals; failure to satisfy other closing conditions; the risk that the proposed transaction, if completed, may not achieve the anticipated strategic or financial benefits in the expected timeframe or at all; challenges integrating FST's technologies, operations, personnel, and intellectual property; the pace of market adoption of intelligent and connected products and AI health robotics; reliance on third-party suppliers and manufacturing partners; protection and enforcement of intellectual property; cybersecurity, data privacy, and data governance risks; competitive responses; changes in economic, market, or industry conditions; availability of capital and financing on acceptable terms; and other risks and uncertainties described from time to time in Massimo Group's filings with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Massimo Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.Company ContactQuenton Petersen
Vice President
Massimo Group
Email: ir@massimomotor.com 



View original content to download multimedia:https://www.prnewswire.com/news-releases/massimo-group-signs-letter-of-intent-to-acquire-100-of-ai-technology-company-fst-in-drive-to-accelerate-its-ai-powered-mobility-and-health-technology-strategy-302677466.htmlSOURCE Massimo Group

Original: Massimo Group Signs Letter of Intent to Acquire 100% of AI technology company FST in Drive to Accelerate Its AI-Powered Mobility and Health Technology Strategy

$5.10 mamo el ..ulo 

$MAMO: On a heater here. .. now $4

Definitely having a good morning.... good news out on $20Milly order

Watching to see how much more it got in it.

https://massimomotor.com/


GO $MAMO

*************************************************************

Massimo Group Received Orders for Over 4,000 Units Worth $20 Million in Revenue to Be Delivered Before Fiscal Year End; Holiday Promotions and New 2026 Models Drive Strong Finish
By PR Newswire | November 18, 2025, 8:30 AM

Share
MAMO
+12.86%
Massimo Group
GARLAND, Texas, Nov. 18, 2025 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO), a manufacturer and distributor of powersports and electric vehicles, today announced that the Company has received orders from retail and dealer partners for more than 4,000 units to be delivered in the next two months, representing over $20 million revenue that will be reflected in the Company's Q4 financials, pushing toward a strong year-end close.


Massimo Sentinel 570 UTV
The Company is executing a series of holiday sales promotions across its product lineup—including UTVs, ATVs, and youth models—to meet demand and strengthen its retail presence nationwide. Early responses from dealers and major retail partners indicate robust momentum heading into the holiday season, supported by the introduction of the 2026 model year vehicles.

"Our team and partners are aligned and motivated to finish the year strong," said David Shan, CEO of Massimo Group.

Massimo's expanding retail footprint and continued focus on value, innovation, and dependability are helping to build significant momentum heading into 2026.

About Massimo Group (NASDAQ: MAMO)

Massimo Group is a manufacturer and distributor of powersports and electric vehicles headquartered in Garland, Texas. The company's portfolio includes UTVs, ATVs, e-bikes, and electric utility vehicles known for performance, reliability, and value.