Bkav Hardware Solution - BHS (a member of Bkav Corporation) and Excelpoint Systems (Pte) Ltd. (a leading regional electronics components distributor, operating in Singapore, the USA and many other countries) signed a strategic cooperation agreement for the production and commercialisation of an Artificial Intelligence of Things (“AIoT”) platform built on Qualcomm chipsets.
Today, we live in the era of the Industrial Revolution 4.0 and the age of AIoT, where life will become more efficient and connected as ever. This is also the next trend after smartphones. AIoT devices, such as AI cameras that monitor traffic, support rangers, monitor forest fires, and support border control, or robots that control machines and self-driving cars will proliferate in our times. In the near future, the world will need billions of such AIoT devices, and they will gradually replace some mundane work of the humans. 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. However, it is not easy to create a large number of AIoT devices at one go - the world does not have many technology companies that can produce them in full stages, from hardware all the way to the software level. They need ready-made platforms and development kits to build on in order to develop their own final products.
This three-way partnership between Qualcomm, Excelpoint, and Bkav creates a complete ecosystem for AI applications, helping millions of businesses around the globe easily create AI applications and final products with optimal costs in a short time, making the AI dream a reality.
Under this cooperation, Qualcomm provides the chipsets, and Excelpoint is committed to drive the business through its strong distribution networks. Bkav plays 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, CEO and Chairman of Bkav Corporation, said: “With the participation of giant companies such as Qualcomm and Excelpoint, Bkav will promote the development of the foundation for the AIoT ecosystem, in order to realize the revolution of Industry 4.0 and contribute to changing the world”.
Mr. Albert Phuay, CEO of Excelpoint, mentioned, “We are very honoured to be a part of this cooperation, value-adding to the future of AIoT. 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 the potentials of AIoT, such as Smart Parking, Electric and Automated Vehicles, Smart Surveillance and Security, and more. 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”.
Last May, Bkav Hardware Solution (BHS) was officially launched, providing services such as research, development and production of electronic products, orientating its operations as an Original Design Manufacturer (“ODM”), a model similar to Foxconn. The strategy of BHS is to support domestic enterprises to strongly participate in the electronics industry, promoting the formation of powerful hardware manufacturing companies. BHS is a member of Bkav Corporation.
Excelpoint is a leading regional electronics components distributor, operating in Singapore, the USA and many other countries, 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. Excelpoint is also the distributor of Qualcomm in ASEAN, India, Australia and New Zealand.