Advantech invests 12M shares of Winmate private placement common stock

Oct. 31, 2017
The company hopes to further solidify the IoT Allied Platform Service Alliance with this investment

Advantech has announced that it will invest 12 million private placement common shares of Winmate totaling nearly $18 million. This private placement engagement means that Winmate will officially become the partner of Advantech’s IoT Allied Platform Service Alliance.

According to Advantech, it hopes to further solidify the IoT Allied Platform Service Alliance with this investment because it is imperative that basic resources are shared to achieve an economy of scale in the IoT industry.

Advantech shares basic resources with allied partners by providing four shared platform modules:

  1. The allied service procurement platform.
  2. IoT hardware design platforms (e.g., x86, ARM, and wireless platforms).
  3. IoT Edge Intelligence WISE-PaaS software platform (including four major modules: WebAccess, WISE-PaaS/VideoSense, WISE-PaaS/EdgeSense, WISE-PaaS/EnSaaS).
  4. Advantech’s manufacturing and testing resources in Linkou and the future Hwa-Ya Technology Park, Taiwan and Kunshan, China.

"The sharing economy and inter-company collaboration are part of the fabric of the IoT industry, so the IoT Allied Platform Service Alliance is a trend for the times," said KC Liu, chairman of Advantech. "Advantech plans on inviting interested companies in the same field to cooperate in accelerating alliance operations via capital collaboration. We hope to help allied companies to break through the limitations of scale and accelerate the development of the IoT industrial economy. Advantech can thus also benefit from the increased value of the stocks it holds, as well as the increased scale of the alliance and the IoT industry as a whole."

"The IoT market has unimaginably limitless potential for future development," said Ken Lu, CEO of Winmate. "Once Winmate has joined the IoT Allied Platform Service Alliance led by Advantech, in addition to enjoying collaboration advantages from the alliance, Winmate will be able to share and pass on our experience. We can also assist allied partners in utilizing resources with higher efficiency, thereby creating greater value for all shareholders and clients all over the world. Through collaboration with Advantech, Winmate will continue to develop our niche market expertise, in the hope to become a global leader in the fields of rugged computers and application solutions.”

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