BusinessNews.ph

Tag: Excelpoint Technology Ltd.

  • Excelpoint and Bkav Signs Strategic Collaboration to Develop and Commercialise AIoT Platform based on Qualcomm Technology Ecosystem

    Excelpoint and Bkav Signs Strategic Collaboration to Develop and Commercialise AIoT Platform based on Qualcomm Technology Ecosystem

    • Nasdaq-listed technology innovator, Qualcomm, will form a tripartite alliance with Bkav and Excelpoint to create a complete ecosystem for AIoT applications
    • AIoT is the next transformational technology trend via the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure
    • According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum
    • Enabling New Business Opportunities and Innovations within the AIoT Technology Spectrum

    Singapore-based Excelpoint Systems (Pte) Ltd. (“Excelpoint“), a leading regional B-to-B business platform providing quality electronics components with integrated R&D capabilities, and Bkav Hardware Solution (“BHS“), a member of Vietnam-based Bkav Corporation (“Bkav“) that is a technology group that specialises in cyber security, software, e-government, smartphone manufacturing and smart electronic devices, Smart City and AI camera, are pleased to announce the signing of a strategic collaboration to develop and commercialise an Artificial Intelligence of Things (“AIoT“) platform built on Qualcomm chipsets and technology ecosystem.

    Mr. Nguyen Tu Quang, Chairman of Bkav Group and Mr. Albert Phuay, CEO of Excelpoint (left to right)

    AIoT is the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure, where such AIoT devices and applications can analyse data and make decisions and act on that data without involvement by humans, enhancing efficiency and effectiveness.

    In the near future, it is anticipated that AIoT integration within businesses and industries (such as Smart Cities, Smart Homes, Industrial 4.0, Smart Retail Chains, Autonomous Vehicles, among others) will ultimately lead to more sophisticated and valuable inter-business and cross-industry solutions.

    According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum.

    Tripartite alliance between Qualcomm, Excelpoint and Bkav to develop and commericalise AIoT platform that facilitates the creation of new AIoT devices and innovations

    While there is increasing proliferation of AIoT devices and applications, there are limited commercially-ready AIoT platforms and development kits as there are not many technology companies that can produce AIoT devices and applications across this specialised technological value chain, from hardware to software development.

    With the tripartite alliance between Qualcomm, Excelpoint, and Bkav to create a complete ecosystem for AIoT applications, it can enable businesses and communities to seamlessly adopt and integrate AIoT technology with optimal costs and time efficiency, thereby creating new business opportunities and innovations within the AIoT technology spectrum.

    Under the alliance, Qualcomm will provide its chipsets, while Excelpoint will pursue the business development opportunities related to AIoT through its strong distribution networks. Levergaing on its technological strengths and manufacturing capabilities, Bkav shall undertake the role of a supplier of hardware, AIoT and AI platforms, such as AI Camera, AI Box, Edge Computing Servers, AIoT SoM, KIT, etc.

    Mr. Nguyen Tu Quang, Chairman of Bkav Group, said: “With the strategic collaboration of technology-leading companies such as Qualcomm and Excelpoint, Bkav will use our competitive strengths to develop the core foundation for the AIoT ecosystem, so as to accelerate the revolution of Industry 4.0 and contribute positively to an increasingly-connected world driven by technology.”

    Mr. Albert Phuay, CEO of Excelpoint, added, “We are very honoured to be a part of this strategic collaboration, value-adding to the future of AIoT. Excelpoint started our AIoT journey early, building up strong networks and knowledge within this emerging field. In Singapore, we have set up various development teams to unlock the technology and business opportunities of AIoT, such as Smart Parking, Electric and Automated Vehicles, Smart Surveillance and Security, among others. With our continual dedication and commitment in the AIoT field, we are confident that our collaboration with strong partners in Qualcomm and Bkav will be able to harness emerging opportunities and contribute to the AIoT ecosystem.”

    In May 2022, BHS was officially launched, providing services such as research, development and production of electronic products, positioning its operations as an Original Design Manufacturer (“ODM“), a business model similar to Foxconn. The strategy of BHS is to support domestic enterprises within the electronics industry, with an aim to enable hardware manufacturing companies to become market-leaders globally. BHS is a member of Bkav Corporation. For more information on Bkav, please visit https://bkav.com.vn

    Excelpoint is a leading regional electronics components distributor providing quality electronic components, engineering design services and supply chain management to original equipment manufacturers (“OEMs“), ODMs and electronics manufacturing services (“EMS“) in the Asia Pacific region. Excelpoint is also the authorised distributor of Qualcomm in ASEAN, India, Australia and New Zealand. Established in 1987 and headquartered in Singapore, Excelpoint’s business presence spans more than 10 countries across Asia Pacific with a workforce of more than 700 people from different nationalities and cultural backgrounds. For more information on Excelpoint, please visit www.excelpoint.com

    For any media enquiries, please contact:

    Bà Đỗ Thị Thu Hằng – Giám đốc Truyền thông Bkav
    Mobile: 84 – 983. 14 33 21
    Email: HangDTT@bkav.com

    Ms Phuay Li Ying
    Head, Corporate Development
    Direct: +65 6210 6649
    Mobile: +65 9688 8898
    Email: phuay.li.ying@excelpoint.com.sg

  • PlanetSpark Innovation Centre, First Hardware-targeted Accelerator for AIoT Innovations Led by Singapore Company, is Launched to Enable Tech Startups Achieve Market Deployment

    PlanetSpark Innovation Centre, First Hardware-targeted Accelerator for AIoT Innovations Led by Singapore Company, is Launched to Enable Tech Startups Achieve Market Deployment

    PlanetSpark Pte. Ltd., the entrepreneurial and strategic investment arm of SGX mainboard-listed Excelpoint Technology Ltd(1) (“Excelpoint”), today announced the launch of PlanetSpark Innovation Centre, the first hardware-targeted accelerator for Artificial Intelligence of Things (“AIoT”) innovations, dedicated to supporting Singapore tech startups speed up market deployment.

    Supported by Enterprise Singapore and backed by Excelpoint, PlanetSpark will invest an initial S$5 million to expand the centre’s engineering capabilities and develop technology platforms, and has secured a lineup of five startups for its upcoming pilot run of accelerator programme. The new centre, situated at Changi Business Park, is officially opened today by Trade and Industry Minister Chan Chun Sing.

    The path for an AIoT technology to reach market deployment has many hurdles and requires a long gestation period. A major contributor of this phenomenon lies in the high complexity associated with AIoT solution development – from proof-of-concept to production, and eventual commercialisation.

    PlanetSpark Innovation Centre sets out to address these challenges by offering a one-stop ecosystem that brings together innovators, hardware and software providers, venture capitalists, small and medium enterprises (“SMEs”), manufacturers and potential customers. Startups can tap into Excelpoint’s vast industry networks of semiconductor manufacturers, sales channel partners and design engineering expertise – enabling the startups to expedite product design and optimise system-level integration for rapid prototyping, thereby reducing their time, cost and risks in bringing their solutions to market.

    Mr Satvinder Singh, Assistant Chief Executive Officer of Enterprise Singapore, said, “The PlanetSpark Innovation Centre is a welcome addition to Singapore’s vibrant technology and innovation ecosystem. It brings ideas, people and networks together to scale innovative AIoT solutions to market and provides enterprises with the necessary resources to build capabilities and drive the development of innovative AIoT solutions. This is important as demand for such solutions is expected to grow in tandem with the region’s emergence of smart homes, cities and industries.”

    PlanetSpark will be kicking off the 24-week accelerator programme designed to equip startups with tools and market-informed knowledge. Besides connecting the startups to industry mentors and supply chain partners, the centre will also be helping them jumpstart their AIoT technology by providing customised system integration solution (or “middleware”) – one of the most critical link in determining the scalability and interoperability of an AIoT solution.

    The pilot group of startups are developing market-deployable solutions integrating the middleware to solve real-world challenges in thermal sensing, facial recognition, satellite tracking and edge AI analytics.

    Currently, the PlanetSpark-exclusive middleware is powered by the technology stacks of NASDAQ-listed global companies, Qualcomm Technologies, Inc. (“Qualcomm”) and Xilinx, Inc. (“Xilinx”), both Excelpoint’s long-time partners. Qualcomm is the world’s leading wireless technology innovator and the driving force behind 5G and related IoT technologies and chipsets, whereas Xilinx is a world leading manufacturer of programmable logic devices for edge AI computation. In time, PlanetSpark plans to add new industry partners to its ecosystem network to drive additional value for the participating startups.

    Mr. Albert Phuay Yong Hen, Chairman and Group Chief Executive Officer of Excelpoint, added, “In the fast-evolving electronics industry, speed to market is key and Excelpoint is uniquely positioned at the intersection of electronics technology and supply chain management.

    Excelpoint is honoured to have the strong support from Enterprise Singapore to groom the next generation of technopreneurs at PlanetSpark Innovation Centre. This innovation centre is an investment we made to nurture our Singapore-grown talents and bring our Singapore pride to the globe.

    Through Excelpoint, we are thankful for the partnership with leaders in semiconductor technology, such as Xilinx and Qualcomm who have jointly worked with us for the first batch of platforms. Together, we wish to bring in our expertise and market knowledge, and open doors to opportunities in the region.”

    Ms Phuay Li Ying, Managing Director of PlanetSpark, said, “Through my work at Excelpoint, I see many Singapore hardware startups face challenges in accessing technologies from industry leaders, gaining market knowledge and finding channels to enter the regional market.

    This is a gap that PlanetSpark Innovation Centre aims to bridge by leveraging on the strengths of Excelpoint and working closely with company founders to develop and integrate their AIoT technology and innovations in a way that is customer-centric and scalable, therefore creating new sources of revenue for these startups. Only then, we can build a robust foundation for them to co-pollinate with other players in the ecosystem.

    Our role as a technology validator will also provide an indication of the potential of the startups for venture capital firms, which plays a key role in the success of a startup. Our ultimate objective is to have a collaborative hardware ecosystem where such start-ups can accelerate their growth and commercialisation plans, attract venture capital funding and create new possibilities for local technology innovations and economic growth.”

    The global IoT market is predicted to reach a scale of USD$1102.6 billion in 2026(2). Through the initiatives and collaborations spearheaded by the PlanetSpark Innovation Centre, the eventual market deployment of the startups’ AIoT innovations is expected to create new opportunities in Singapore’s semiconductor supply chain and accelerate Singapore’s Smart Nation and Industrial 4.0 transformation.

    (1) Excelpoint Technology Ltd is a leading regional B2B business platform providing quality electronic components with integrated R&D capabilities. Excelpoint has been an integral part of the global electronics technology value chain for more than 30 years.
    (2) https://www.fortunebusinessinsights.com/ (https://bit.ly/3sbELxB) (Accessed 18 Dec 2020)

    About PlanetSpark Pte Ltd

    PlanetSpark Pte Ltd (“PlanetSpark”) is the entrepreneurial and investment arm of Excelpoint Technology Ltd. (“Excelpoint”), investing in, supporting and collaborating with promising early- to mid-stage start-ups which have commercially viable technologies and products in Singapore and Asia that are related to the Artificial Intelligence (“AI”) and Internet of Things (“IoT”) ecosystem. PlanetSpark seeks to enable new market opportunities in hardware innovation and technology within the ecosystem with our investments and resources.

    PlanetSpark Innovation Centre is a go-to-market hardware accelerator in Asia for technopreneurs specialising in the AI and IoT arena to accelerate their technology innovations and enable them to make a fluid transition from proof-of-concept to production and commercialisation through our hardware platforms.

    Tapping on Excelpoint’s extensive business networks and market knowledge across Asia Pacific, we strive to forge collaborative and innovative partnerships within our field.

    For more information about PlanetSpark, please visit https://www.planetspark.io

    About Excelpoint Technology Ltd.

    Excelpoint Technology Ltd. and its subsidiaries are a leading regional business-to-business platform providing quality electronic components, engineering design services and supply chain management to original equipment manufacturers (“OEMs”), original design manufacturers (“ODMs”) and electronics manufacturing services (“EMS”) in the Asia Pacific region. EBN, a premier online community for global supply chain professionals, recognised Excelpoint Technology Ltd. as one of its Top 25 Global Electronics Distributors in 2017.

    Excelpoint works closely with its principals to create innovative solutions to complement its customers’ products and solutions. Aimed at improving its customers’ operational efficiency and cost competitiveness, the Group has set up research and development centres in Singapore and China that are helmed by its dedicated team of professional engineers.

    Established in 1987 and headquartered in Singapore, Excelpoint’s business presence spans more than 10 countries across Asia Pacific with a workforce of more than 650 people from different nationalities and cultural backgrounds.

    For more information about Excelpoint, please visit www.excelpoint.com

    For any media enquiries, please contact:
    Mr. Alex TAN
    Mobile: +65 9451 5252
    Email: alex.tan@8prasia.com