Analog Devices Establishes Strategic Relationship with China Mobile IoT
October 30 2017 - 8:00AM
Business Wire
Analog Devices, Inc. (NASDAQ: ADI) today announced a strategic
relationship with China Mobile IoT (CMIOT), a wholly owned
subsidiary of China Mobile Communications Corporation (CMCC), one
of the world’s largest telecommunications companies. At a ceremony
in Chongqing, China, the companies signed a Memorandum of
Understanding (MOU), communicating their shared commitment to
advancing internet-connected applications around the world.
Both global leaders in the Internet of Things (IoT) ecosystem,
Analog Devices and China Mobile IoT expect to collaborate to
develop IoT solutions for customers across industries. Through this
milestone cooperation, the companies will work together to enable
customer outcomes such as higher efficiencies and safer
environments, by bringing the best of each organization’s
capabilities to the entire spectrum of IoT technology, from the
sensor level through to the cloud.
“Strengthening our relationship with China Mobile Communications
Corp. through this engagement with China Mobile IoT affords us a
tremendous opportunity to more deeply understand the needs of our
global telecommunications customers with the goal of ultimately
creating more effective solutions for a range of industries,” said
Vincent Roche, President and CEO, Analog Devices. “We are honored
to be able to learn from the company’s deep heritage of innovation,
particularly at the holistic systems level, where CMCC leads with
unparalleled reach in telecom and cloud network technology.”
Analog Devices and CMIOT will explore advances in
internet-enabled technologies impacting individuals across the
globe. From buildings to transportation, energy systems,
environmental quality monitoring, personal healthcare and
vehicle-to-infrastructure communications, smart – or
internet-enabled – systems are becoming an increasingly significant
component of daily life. To enable these smart capabilities, Analog
Devices converts data into valuable and actionable information and
develops platform-level solutions that help customers design and
deploy intelligent solutions faster and more cost effectively.
“Collaborating with Analog Devices allows us to expand our
connectivity capabilities in key markets including industrial
ecosystems and applications by incorporating Analog Devices’
decades-long expertise in sensing node and connectivity
technology,” said Qiao Hui, general manager, China Mobile IoT.
“Through this collaboration, we can better equip our technical
staff with the knowledge they need to enable further innovation at
the sensor level. The opportunity and benefits this provides both
Analog Devices and CMIOT are significant, and we are pleased to
launch what we see as a long and productive cooperative
relationship.”
To learn more about Analog Devices, please visit
www.analog.com.
About Analog DevicesAnalog Devices (NASDAQ: ADI) is the
leading global high-performance analog technology company dedicated
to solving the toughest engineering challenges. We enable our
customers to interpret the world around us by intelligently
bridging the physical and digital with unmatched technologies that
sense, measure, power, connect and interpret.
Visit http://www.analog.com.
To subscribe to ADI's News Feed
http://www.analog.com/en/homepage/news.xml
Follow ADI on Twitter at http://www.twitter.com/ADI_News
Subscribe to Analog Dialogue, ADI’s monthly technical journal,
at http://www.analog.com/library/analogDialogue/subscribe/html
About China Mobile IoTChina Mobile IoT Company Limited is
a wholly owned subsidiary of China Mobile. Based on the overall
strategy of China Mobile, China Mobile IoT Company aims to become
the supporter of IoT business services, the provider of IoT chips
& modules and the promoter of IoT products & applications.
In practice, China Mobile IoT focuses on operating IoT private
network, designing IoT chips and modules, producing IoV, smart home
applications and wearable, developing IoT open platform One Net,
promoting IoT solutions, which makes a comprehensive architecture
name “Cloud-Pipeline-Device.”
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established
by the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our
statements regarding the expected opportunities, benefits and
developments associated with the memorandum of understanding and
strategic relationship with China Mobile IoT, including the
anticipated advancements in technologies, solutions and product
development efforts and offerings, that are based on our current
expectations, beliefs, assumptions, estimates, forecasts, and
projections about the industry and markets in which Analog
Devices operates. The statements contained in this release are
not guarantees of future performance, are inherently uncertain,
involve certain risks, uncertainties, and assumptions that are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing Analog Devices' expectations or beliefs as
of any date subsequent to the date of this press release. Important
factors that could cause actual results to differ materially from
the results described, implied or projected in any forward-looking
statements include difficulty or delay in our design, development,
production and marketing of products, technologies and solutions,
including those associated with the memorandum of understanding and
strategic relationship with China Mobile IoT and other risk factors
described in our most recent filings with the Securities and
Exchange Commission. We do not undertake any obligation to update
forward-looking statements made by us.
(ADI-WEB)
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171030005112/en/
Analog Devices, Inc.Karen Marinella Hall, 781-461-3549Manager,
External CommunicationsKaren.MarinellaHall@analog.com
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
From Sep 2023 to Sep 2024