HANOI, Vietnam, Oct. 21, 2022 (GLOBE NEWSWIRE) — Bkav Hardware Solution – BHS (part of Bkav Corporation based in Vietnam) and Excelpoint Systems (Pte) Ltd. (a Singapore-based electronic components distributor) have signed a strategic cooperation agreement for the production and commercialization of AIoT platforms based on chipsets from Nasdaq-listed technology innovator Qualcomm.
Today, people are living in the era of Industrial Revolution 4.0. AIoT devices, such as AI cameras that support traffic monitoring, rangers, border control, robots that control machinery will proliferate. In the near future, the world will need billions of such devices, they will gradually replace some mundane work of man. According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027 growing at a compound growth rate of 39.1% per year. However, it is not easy to create a large number of AIoT devices at one time, few technology companies can produce them in complete steps from hardware to software. They need ready-to-use platforms and development kits to develop end products.
Representatives of Qualcomm, Bkav and Excelpoint
This three-way partnership between Qualcomm, Excelpoint and Bkav creates a complete ecosystem for AI applications, helping millions of enterprises easily build AI applications and end products, making the dream of AI a reality.
As part of this cooperation, Qualcomm provides the chipsets, Excelpoint is committed to driving the company through its strong distribution networks. Bkav plays the role of hardware supplier, AIoT and AI platforms, such as AI Camera, AI Box, AIoT SoM, KIT…
Mr. Nguyen Tu Quang, CEO and Chairman of Bkav Corporation, said: “With the participation of giant enterprises such as Qualcomm and Excelpoint, Bkav will promote the development of the AIoT ecosystem base to realize the industrial revolution 4.0 and help change the world.”
Mr. Albert Phuay, CEO of Excelpoint, said: “We are honored to be part of this cooperation, which adds value to the future of AIoT. Excelpoint started our AIoT journey early, giving us strong networks and knowledge in the field. In Singapore, we have also set up development teams to explore the potentials of AIoT, such as smart parking, electric and automated vehicles, smart surveillance and security… Our commitment to invest in this area will continue and we are confident that with strong partners such as Qualcomm and Bkav, we can exploit emerging opportunities and contribute to the ecosystem.”