MicroCloud Hologram Inc. (NASDAQ: HOLO) witnessed a remarkable surge in its stock value during both regular and extended trading sessions on Wednesday. After an astonishing 1,100% surge during regular trading, closing at $18.00, MicroCloud’s stock continued to soar in the after-market, reaching $25.41, marking a further 41.17% increase. This significant uptick in stock value was attributed to the company’s announcement of its intention to join the Communications Industry Association.
An essential cross-sectoral and cross-regional organization, the Communications industrial Association works to promote technical innovation, facilitate technology export, and propel industrial growth in the communications sector. Under the Ministry of Industry and Information Technology’s direction, the Association functions as a non-profit social and economic organization with a focus on industry management, information sharing, business training, global collaboration, and consultancy services.
MicroCloud hopes to further the communications sector by becoming a member of the Association, especially in the area of information technology innovation. The company seeks to expedite the development of next-generation information technology and promote the integration of industry information technology innovation.
One of the primary functions of the Association is to convene regular meetings where members exchange experiences regarding internal reforms, research, development, production, and sales. Additionally, these gatherings serve as platforms to analyze foreign technological developments, study industry trends, discuss market strategies, and collectively address challenges and needs with relevant government bodies.
Over the years, the Association has garnered attention and support from pertinent authorities for its proposals and initiatives. Its contributions to the establishment of standards for new goods and technologies, the coordination of institutional research, and the promotion of product development among its member units have been invaluable.
By joining the Communications Industry Association, MicroCloud has demonstrated its dedication to promoting innovation and advancing the expansion of the communications industry. MicroCloud wants to fulfill the growing demand for communication goods and become more competitive in the global market by utilizing the tools and collaboration possibilities provided by the Association.
Through strategic partnerships and collective efforts within the Association, MicroCloud anticipates achieving significant milestones in technological advancement and industry development.
