HONG KONG, April 22, 2018 /PRNewswire/ -- Cogobuy Group
("Cogobuy" or the "Company", stock code: 400.HK; with its
subsidiaries (the ''Group'')), the e-commerce platform serving the
electronics manufacturing industry in China, is pleased to announce the Company has
made new breakthroughs in its long-term cooperation with the
leading domestic chip manufacturer, Allwinner Technology
("Allwinner", 300458.SZ). With Allwinner's chip technology, the
Group's IngDan Lab has successfully developed SLAM AI modules for
robotic vacuums, that have now entered mass production.
In recent weeks, the localization of chips has become one of the
country's most imperative priorities. In 2013, Cogobuy took the
lead on the national integrated circuit industry plan. Since then,
Cogobuy has developed deep relationships with 49 leading chip
manufacturers in China to help
secure Allwinner's leading position in its industry. The Company
estimates shipments of robotic vacuums and smart speakers will
reach 4 million units and 1.5 million units respectively this year,
providing a huge boost for the Group's direct sales business and
strong proof to fostering the "China Core" industry.
Additionally, since the fourth quarter of last year, the Group's
IngDan Lab officially completed its transition to an AI hardware
R&D Center. Its K-system developed SLAM integrated modules with
the Lab's own patented technology, based on the R16 chip technology
from Allwinner. In its next phase, the Company plans to optimize
its SLAM technology with Allwinner, which will help the Company
better capture all the opportunities resulting from the chip
localization in the robotic and industrial automation
particularly.
IngDan Lab will consecutively launch its K-Image processing
modules, K-VSLAM/LDS and K-ADAS modules to provide AI hardcore
products to vertical industries such as robotics, smart cars, smart
homes and healthcare, which will become the additional driven force
of the Company.
Mr. Jeffrey Kang, CEO of
Cogobuy Group, said, "The recent China-U.S. trade war has
forced chip localization to become a matter of national importance.
China's total chip imports have
grown to US$260 billion
(approximately RMB1.64 trillion)
annually, and localization of this volume will bring enormous
opportunities to domestic chip companies in the future. Cogobuy
could rely on this huge demand and its client database to capture
more opportunities in smart hardcore and LoT industries."
About Cogobuy Group
Cogobuy Group is an e-commerce service platform serving
the electronics manufacturing industry in China. Through the e-commerce platform, which
includes a direct sales platform, an online marketplace, and a
dedicated team of technical consultants and professional sales
representatives, the Company provides customers with comprehensive
online and offline services across pre-sale, sale, and post-sale
stages. The Company serves mainly SME electronics manufacturers.
For further information, please refer to the Company's website at
http://www.cogobuy.com/
About Allwinner Technology
Allwinner Technology (stock code: 300458.SZ), founded in
2007, is a leading fabless design company dedicated to smart
application processor SoCs and analog ICs. Its product line
includes multi-core application processors for smart devices and
smart power management ICs used by brands worldwide. With its focus
on cutting edge UHD video processing, high performance multi-core
CPU/GPU integration, and ultra-low power consumption, Allwinner
Technology is a mainstream solution provider for connected
automotive application, smart hardware, smart home device, service
robot, drone, virtual reality, tablet, internet TV, automotive
in-dash device, smart power management, and mobile connected device
markets. For further information, please refer to the Company's
website at http://www.allwinnertech.com/
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SOURCE Cogobuy Group