Tag: Electronics

World’s Largest Electronics Marketplace Opens Today

4,300 exhibitors showcase tech trends, symposium focuses on 5G

The 39th HKTDC Hong Kong Electronics Fair (Autumn Edition), organised by the Hong Kong Trade Development Council (HKTDC), and the 23rd electronicAsia, jointly organised by the HKTDC and MMI Asia Pte Ltd, opened today at the Hong Kong Convention and Exhibition Centre (HKCEC) and continue until 16 October.

“In the face of global economic challenges, companies around the world are becoming more eager to promote and source innovative products to maintain their competitiveness,” said HKTDC Deputy Executive Director Benjamin Chau. “As the world’s largest electronics marketplace, the Autumn Electronics Fair and electronicAsia together host around 4,300 exhibitors from 24 countries and regions in 2019. The HKTDC is taking the initiative to organise buying missions and strengthen its business-matching services this year to create more business opportunities.”

A total of 175 buying missions, comprising 9,441 companies and around 13,293 buyers from around the world, have been arranged by the HKTDC to visit the two fairs, while more than 31,000 buyers pre-registered for the events, showing that exhibitors and buyers alike still believe that the fundamental strengths of Hong Kong remain strong.

To step up its support to exhibitors and buyers, the HKTDC has strengthened its free shuttle bus service and set up HKTDC Service Counters in the Buffer Hall at Hong Kong International Airport to handle buyer enquiries and pre-registration. New Buyer Concierge Desks have also been set up at the fair venue to connect businesses.

Autumn Electronics Fair showcases innovative technology trends
The Autumn Electronics Fair has brought together about 3,740 exhibitors in 2019. The Tech Hall, an annual highlight of the fair, sees the launch of a new AI & Voice Recognition zone to showcase the latest electronic products and innovative technologies, alongside other thematic zones such as Robotics & Unmanned Tech, 3D Printing, Smart Tech, Virtual Reality and the Startup zone. The Hall of Fame gathers the latest electronic products from more than 580 top international brands, including Switzerland’s SKROSS, Italy’s LAICA and ODOYO from the United States. Nine group pavilions include new pavilions from Guangdong and Nanjing in Mainland China and India.

The Autumn Electronics Fair showcases innovative electronics and cutting-edge technologies from around the world, capturing the attention of global buyers. Featured exhibits include:

1. Robotics & Unmanned Tech
– U06 intelligent robot: Featuring an all-new algorithm and motion chip, the U06 robot combines the use of wheels and lower body postures to move across different surfaces, from rocky roads and carpets to lift doors, with greater movement capabilities and interactivity. (Booth: GH-D10)
– Quincy robot tutor: This robotic tutor teaches children aged three to eight to draw by breaking down a picture into various lines and shapes. (Booth: CH-P06)
– DONI-V13 robot vacuum cleaner: The cleaner supports voice control through Amazon Alexa and Google Home. Using gyroscope navigation, it enhances cleaning efficiency by building its own track record. (Booth: 1C-B09)

2. Start-up innovations
– AirXED X.1 smart circulation fan: This next-generation fan doubles as an Internet of Things home hub, featuring a detachable smart infrared controller that can control other devices in the home. (Booth: CH-F02)
– Walkpner smart walking stick device: Awarded the Chicago Good Design Award, the device features an innovative automatic solar charging function, fall alarm and GPS notification. (Booth: CH-C21)
– AIMS wearable motion sensors: The sensors can monitor, record and analyse youngsters’ sports and health data to help with training management and efficiency evaluation. (Booth: CH-C20)

3. Wearables
– PERO wearable device: Users can wear PERO on the back or palm of the hand to control computers and smart phones using hand-gesture commands, creating a new user experience. (Booth: 5C-A12)

4. Healthcare Electronics
– STRIG micro-vibration handheld massager: Featuring an ergonomic blade design, the massager can treat deep muscle tissue and accelerate the rate of muscle recovery by incorporating advanced micro-vibration and micro-current technologies. (Booth: 5C-B11)

5. 3D Printing
– GenieRay 1 3D printer: Simply connect the printer to a monitor, keyboard and mouse to complete printing within three minutes. Using stereolithography technology, the printer can deliver professional quality prints and includes 3D modelling and slicing capabilities. (Booth: 5C-B07)

Symposium unveils 5G prospects
The Symposium on Innovation & Technology will be held tomorrow (14 October) to examine the latest developments and applications of 5G technology under the topic of “Intelligent Connectivity: 5G and Beyond”. Nicolas Yang, Secretary for Innovation and Technology of the Hong Kong Special Administrative Region (HKSAR), will deliver the opening speech at the event, while speakers will include representatives from ASTRI, China Mobile, Google, HKT, imec, KeySight Technologies, Nokia, NVIDIA and PwC.

The Tech Hall features the new Nanjing 5G Pavilion to present how 5G commercialisation will provide solutions for industries and households. Exhibits include a 5G-compatible industrial robotic arm, which can receive messages and commands in a faster and smoother way through a 5G network, and a 3D holographic smart monitor that can display more realistic 3D scenes thanks to the high-speed wireless transmission provided by 5G.

The fair will also feature a series of start-up-themed events including the Media Pitch Day, Startup Smart Launch sessions, Investment Matchmaking, various sharing sessions, and Meet the Mentor sessions to provide a platform where entrepreneurs can connect with potential partners. Start-ups can also meet and exchange insights with angel investors and technological services companies under the Foxconn Technology Group.

The fourth Value Creation for Technology: Investment Pitching Competition taking place on the afternoon of 15 October aims to unearth innovative projects that create commercial value through technology, and match entrepreneurs with angel investors to create more business opportunities. The competition will be officiated by Dr Bernard Chan, Under Secretary for Commerce and Economic Development of the HKSAR Government, and Gordon Lo, Director General of the Federation of Hong Kong Industries.

Cutting-edge production technologies at electronicAsia
Held concurrently with the Autumn Electronics Fair, electronicAsia presents several thematic zones including Power Supplies, Printed Circuit Board & EMS, World of Display Technology, Wireless and Sensor Technologies, Keyboards & Switches and Electronic Components. The fair provides an important sourcing platform for the upstream supply chain in the electronics industry.

Seminars cover range of hot topics
The seminar “Blockchain in Industrial IoT – the Next Big Thing?” held this afternoon (13 October) featured experts from technology corporations discussing blockchain applications in smart communications, smart city development, and building and logistics management.

The Hong Kong Electronic Forum on 15 October will feature German robotic programming expert Wandelbots, leading US smart manufacturing corporation Automated Precision Inc, Hong Kong semiconductor specialist Solomon Systech, and LED monitor producer Deepsky, to discuss topics related to microelectronics and advanced manufacturing. The Product Presentation by Electronic Industries Award 2019 Winners will be held on the same day with the winners promoting Hong Kong’s innovative technologies and creative design capabilities to international buyers.

Event highlights of the Autumn Electronics Fair and electronicAsia: https://bit.ly/2kinrcd

The 39th HKTDC Hong Kong Electronics Fair (Autumn Edition)
Date: 13-16 Oct (Sunday to Wednesday)
Venue: Hong Kong Convention and Exhibition Centre
Opening hours: 13-15 Oct: 9:30am-6:30pm; 16 Oct: 9:30am-5pm
Number of exhibitors: Around 3,740
Major exhibit categories: AI & Voice Recognition, Virtual Reality, Start-up, Smart Tech, Robotics & Unmanned Tech, 3D Printing, Wearable Electronics, Smart Device Acessories, Digital Imaging, Home Appliances and Audio Visual Products, and more.

The 23rd electronicAsia
Date: 13-16 Oct (Sunday to Wednesday)
Venue: Hong Kong Convention and Exhibition Centre
Opening hours: 13-15 Oct: 9:30am-6:30pm; 16 Oct: 9:30am-5pm
Number of exhibitors: 570
Major exhibit categories: Power Supplies, Printed Circuit Boards & EMS, Display Technology, Keyboards and Switches, Sensor Technologies, Quality Inspection Devices & Testing, and more.

Photo download: https://bit.ly/33su0da

Fair websites
– HKTDC Hong Kong Electronics Fair (Autumn Edition): https://hkelectronicsfairae.hktdc.com
– electronicAsia: www.electronicasia.com

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via trade publications, research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn.

Contact:

Natalie Wong, Tel: +852 2584 4472, Email: natalie.hy.wong@hktdc.org
Kaya Lam, Tel: +852 2584 4525, Email: kaya.kh.lam@hktdc.org

Source: ACN Newswire

TTI Delivers a Strong First Half Performance With Record Revenue

New Products Driving Strong Growth

Hong Kong-based global power equipment and floor care company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: 669, ADR symbol: TTNDY) announced its results for the six months ended June 30, 2019. It was another record first half for the Group with revenue increasing 8.7%, EBIT and net profit both increasing 11.9%, and earnings per share increasing 12.4%, to approximately US15.61 cent. Revenue grew 10.7% in local currency. The strong first half performance was driven by the launch of new products, category and geographic expansion. Gross margin increased in the first half for the eleventh consecutive year, up 50 bps, increasing from 37.1% to 37.6%. TTI’s disciplined working capital management continued to yield solid performance at 18.4% of sales. The Board is recommending an interim dividend of HK45.00 cents (approximately US5.79 cents) per share, against HK38.00 cents (approximately US4.89 cents) per share in 2018, an increase of 18.4%.

– First Half 2019 Revenue Totaled US$3.7 Billion up by 10.7% in local currency
– Net Profit Continues to Grow at a Faster Rate than Sales, up 11.9%, Driven by the 11th Consecutive First half of Gross Margin Improvement 
– Disciplined Working Capital Management, Delivered Working Capital of 18.4% of Sales
– The Flagship Milwaukee Tool Business continues to Grow 20%+ in local currency 

The Power Equipment segment continued the strong momentum with 14.3% growth in local currency, to revenue of US$3.3 billion. New products, geographic expansion, and entry into new categories all contributed to the excellent performance. Our flagship Milwaukee Tool business once again grew over 20% globally in local currency and our Power Equipment business outperformed the market with double-digit growth. The Floor Care business is starting to improve with a strategic focus on our next generation cordless vacuums, carpet washing products and solutions range. 

Our geographic expansion was also a highlight for the first half with the European team delivering an outstanding 14.2% growth in local currency, led by Milwaukee Tool with over 25% growth. In rest of world, Australia and our Asian companies continued to deliver above market growth at 12.8%. Our North American businesses continued to perform exceptionally well at 9.7% growth with Milwaukee Tool up 20%+ in the US and 28%+ in Canada.

Mr. Horst Pudwill, Chairman of TTI, said, “We are pleased to have achieved another record first half of outstanding growth. Our expanding global manufacturing network and world class supply chain continues to deliver consistent productivity gains. We are well positioned to deliver a strong second half, and importantly, a strong future.” 

Mr. Joseph Galli, CEO of TTI, commented, “New product development is a core strength of TTI and our new product flow continues to accelerate. We continue to aggressively invest in this high speed, world class process so that we can bring to market a stream of high margin new products with cutting edge technology for the months and years to come. With the strength of our new product programs, our outstanding team and strong brand portfolio, we are poised to deliver excellent results.”

About TTI 
Founded in 1985 and listed on the Stock Exchange of Hong Kong Limited in 1990, TTI is a world leader in cordless technology spanning Power Tools, Outdoor Power Equipment, Floor Care Appliances and Accessories for the consumer, professional, and industrial users in the home, construction, maintenance, industrial and infrastructure industries. The Company has a foundation built on four strategic drivers – Powerful Brands, Innovative Products, Exceptional People and Operational Excellence – reflecting a long-term expansive vision to advance cordless technology. The global growth strategy of the relentless pursuit of product innovation has brought TTI to the forefront of its industries. TTI’s powerful brand portfolio includes MILWAUKEE, AEG and RYOBI power tools, accessories and hand tools, RYOBI and HOMELITE outdoor products, EMPIRE layout and measuring products, and HOOVER, ORECK, VAX and DIRT DEVIL Floor Care and Appliances.

TTI is one of the constituent stocks of the Hang Seng Index, FTSE Developed Index and MSCI ACWI Index. For more information, please visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.), and is used under license. RYOBI is a registered trademark of Ryobi Limited, and is used under license.

For enquiries:
Techtronic Industries Co. Ltd.
Isabella Chan Tel: +(852) 2402 6495 Email: isabella.chan@tti.com.hk
Website: www.ttigroup.com

Strategic Financial Relations Limited 
Veron Ng +(852) 2864 4831 veron.ng@sprg.com.hk
Beverly Chiu +(852) 2114 4329 beverly.chiu@sprg.com.hk
Karen Kwan +(852) 2114 4171 karen.kwan@sprg.com.hk
Website: www.sprg.com.hk