Pan Asia Microvent Tech Supplies E-Skin and Flexible Cables to North American Humanoid Client

Pan Asia Microvent Tech responded on September 28 to investor questions about humanoid robots on an investor interactive platform. The company said it continues to watch investment opportunities in high-end tracks such as embodied intelligence.

Relying on its ePTFE core material platform, the company has laid out two major products: electronic skin substrates and high-flex-resistance robot cables. It has also taken equity stakes in a flexible sensing company to build a collaborative ecosystem, while developing multiple customer pipelines in China and overseas.

On customer progress, high-flex-resistance cables have achieved small-batch supply to a leading North American humanoid robot customer. In electronic skin, the company has delivered sensor-equipped dexterous-hand gloves to a domestic customer and received an order for 100 such gloves from a North American customer.

For complete robots, the company recently won the China Telecom AI Research Institute's 2026 procurement project for embodied small humanoid and dragon-shaped robot hardware development. This marks a dual landing of its humanoid robot business in domestic and overseas markets. The company says revenue from the embodied intelligence direction in 2026 will not exceed 10 million yuan, and its current contribution to overall revenue and profit remains small.

The position of electronic skin and cables rests on Pan Asia Microvent Tech's ePTFE core material platform. ePTFE, or expanded polytetrafluoroethylene, is characterized by flex resistance, corrosion resistance and light weight.

Both the electronic skin substrate and the high-flex robot cable are built on this material platform. A robot contains many cables that must bend repeatedly, such as power lines and signal lines near joints.

Traditional cables can break after millions of bending cycles; high-flex cables are designed to solve that reliability problem. The electronic skin substrate, meanwhile, is the underlying material for flexible sensors.

A dexterous hand needs to sense contact and force, which requires sensors to be laid across the fingers and palm surface. The flexibility and durability of the substrate directly determine the lifespan of those sensors.

Small-batch supply to a leading North American customer indicates the products have passed preliminary verification and entered actual use. The order for 100 dexterous-hand gloves is not large and counts as an early order, but it corresponds to a demand signal.

The forecast that embodied intelligence revenue will not exceed 10 million yuan in 2026 shows the business is still in its start-up phase and has limited impact on the company's overall performance. The next things to watch are whether the North American customer's order can scale from 100 sets to a larger volume, and whether the high-flex cables can enter the supply chains of more robot manufacturers.

ePTFE is a form of PTFE that has been expanded into a microporous structure. That structure allows it to combine chemical stability with flexibility and light weight, making it suitable for parts that move continuously. In robots, cables and skin-like sensors endure repeated bending, so these properties directly affect service life and maintenance costs.

Because both products share the same material platform, progress in one area can inform the other. The company can reuse formulation know-how, processing experience and customer verification work. The small-batch cable supply and the glove orders are therefore watched together as early signals of whether the platform can enter the humanoid robot supply chain.

The disclosed numbers, however, remain modest. A 100-set glove order is a pilot-scale commitment, not mass production. The 10-million-yuan revenue ceiling for 2026 is a tiny fraction for a listed materials company, so embodied intelligence looks more like an option than a near-term earnings driver.

Winning the China Telecom project adds another dimension. A procurement project for embodied small humanoid and dragon-shaped robot hardware development suggests the company is not only selling components but also taking part in complete-machine hardware development. If that work translates into repeat orders, it could help the company move from sample supply to system-level cooperation.