HANOI, Vietnam, Oct. 21, 2022 (GLOBE NEWSWIRE) — Bkav Hardware Solution – BHS (a member of Vietnam-based Bkav Corporation) and Excelpoint Systems (Pte) Ltd. (a Singapore-based electronics parts distributor) signed a strategic cooperation for the manufacturing and commercialization of AIoT platforms constructed on the chipsets of Nasdaq-listed know-how innovator, Qualcomm.
Today, folks reside in the period of the Industrial Revolution 4.0. AIoT gadgets, equivalent to AI cameras that help site visitors monitor, rangers, border management, robots that management machines will proliferate. In close to future, the world wants billions of such gadgets, they may steadily exchange some mundane work of people. According to a report by ResearchAndMarkets.com, international AIoT market will attain US$83.6 billion by 2027, rising at 39.1% compounded development price each year. However, it’s not straightforward to create a lot of AIoT gadgets at one-go, not many know-how corporations can produce them in full phases, from {hardware} to software program. They want ready-made platforms and growth kits to develop remaining merchandise.
Representatives of Qualcomm, Bkav and Excelpoint
This three-way partnership between Qualcomm, Excelpoint, and Bkav creates a whole ecosystem for AI purposes, serving to thousands and thousands of companies simply create AI purposes and remaining merchandise, making the AI dream a actuality.
Under this cooperation, Qualcomm gives the chipsets, Excelpoint is dedicated to drive the business by way of its robust distribution networks. Bkav performs the function of a provider of {hardware}, AIoT and AI platforms, equivalent to AI Camera, AI Box, AIoT SoM, KIT…
Mr. Nguyen Tu Quang, CEO and Chairman of Bkav Corporation, mentioned: “With the participation of giant companies such as Qualcomm and Excelpoint, Bkav will promote the development of the foundation for AIoT ecosystem to realize the Industrial revolution 4.0 and contribute to changing the world.”
Mr. Albert Phuay, CEO of Excelpoint, talked about, “We are honoured to be a part of this cooperation, value-adding to AIoT future. Excelpoint started our AIoT journey early, giving us strong networks and knowledge within the field. In Singapore, we also set up development teams to explore AIoT potentials, such as Smart Parking, Electric and Automated Vehicles, Smart Surveillance and Security… Our dedication to investing in this area will continue and we are confident that with strong partners such as Qualcomm and Bkav, we will be able to mine emerging opportunities and contribute to the ecosystem.”
https://www.globenewswire.com/NewsRoom/AttachmentNg/434c268b-bade-4a36-889e-7812503b6187
