The tripartite alliance between Qualcomm, Excelpoint and Bkav aims to develop and commercialize the Artificial Intelligence of Things (AIoT) platform to facilitate the creation of new AIoT devices and innovations
Leading electronics components distributor Excelpoint Systems with technology group Bkav Hardware Solution (BHS) recently announced a strategic tripartite partnership with Qualcomm to develop and commercialise an Artificial Intelligence of Things (AIoT) platform.
As per the terms of this partnership, Qualcomm will provide its chipsets, while Excelpoint will pursue the business development opportunities related to AIoT through its strong distribution networks. Bkav will supply hardware, AIoT and AI platforms, such as AI Camera, AI Box, Edge Computing Servers, AIoT SoM, KIT, etc.
A ResearchAndMarkets.com report suggested that the global AIoT market will grow at 39.1% CAGR, reaching US$83.6 billion by 2027.
The official statement said that despite the 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. The latest tripartite alliance envisages enabling 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.
CEO of Excelpoint, Mr Albert Phuay said that they were very honoured to be a part of the strategic collaboration, and value-adding to the future of AIoT. He further added, “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.”
“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,” said the chairman, Mr Nguyen Tu Quang.
BHS was officially launched in May this year, to provide R&D and production services for electronic products and position its operations as an Original Design Manufacturer (ODM).
Singapore-headquartered Excelpoint is a leading electronics components distributor, engineering design services and supply chain management provider to OEMs, ODMs and EMS in the Asia Pacific region. Established in 1987, it is the authorised distributor of Qualcomm in ASEAN, India, Australia and New Zealand.