New Taipei City, Taiwan, June 7th, 2018 — Vecow Co., Ltd., a global leading supplier of Industrial Machine Vision, Artificial Intelligence, Video Surveillance, Automation & Control and GigE Vision ready Industrial PCs announced today that AIS Cayman Technology Group (AIS), a subsidiary of Ennoconn Corporation (6414.TW) in Taiwan, a global leader of industrial hardware systems and solutions provider to various vertical market applications, has acquired a 100 percent stake in Vecow.
The combination of Vecow's Machine Vision (MV) and Artificial Intelligence (AI) technologies with AIS and Ennoconn's strengths will establish a new global leader in Industrial IoT (IIoT) and Industry 4.0 markets under Ennoconn's guidance and management. Ennoconn collaborates with its own elite group of subsidiary companies under the corporate banner of the Foxconn IPC Business Group. The global strategic partnership now officially makes Vecow a subsidiary of Ennoconn. Foxconn Technology group is widely known as the largest contract electronics manufacturer in the world.
The Internet of Things which includes Machine Vision (MV) and Artificial Intelligence (AI), is a network of physical devices, vehicles, buildings, equipment, and factories -- embedded with electronics, software, sensors, and network connectivity to enable the collection and exchange of massive data sets, has provided unprecedented opportunities for companies to harness this information to create new products, services, and revenue sources. The total market for IoT solutions covers a massive scope of products, industries, applications, and markets, requiring a collaboration and partnership by numerous different suppliers with various core competencies. Both Vecow and AIS have been migrating product roadmaps and portfolios to capture the burgeoning opportunities within IIoT and Industry 4.0 markets. The shared IIoT and Industry 4.0 strategy, vision and leadership led to a natural progression of discussions and the agreement to form the global partnership.
Founded in 2010, Vecow has quickly established itself as a world class provider of open architecture Machine Vision (MV) and Artificial Intelligence (AI) solutions. As the first company to incorporate Mobile PCI Express Module (MXM) GPU technology, Vecow secured its position as a leading edge, open platform MV and AI technology company in the key markets they serve. The company also procured partnerships and private label agreements with some of the largest industrial equipment OEMs, MV and AI software makers. Their keen insight on market trends, extensive range of MV and AI solutions and explosive growth positioned them as a prime partner for AIS and Ennoconn in their quest to provide a comprehensive solution set for IIoT and Industry 4.0 markets globally.
Vecow, a team of embedded computing experts, is dedicated to designing, developing, producing and supplying industrial grade computer products. Vecow offers an extensive range of products, including Fanless Embedded Systems, Vehicle Computing Systems, Industrial GPU Computing Systems, Frame Grabbers and Embedded Peripherals for any Industry 4.0/IIoT application.