Excelpoint’s Wholly‐owned Subsidiary, PlanetSpark, Launches Innovation Centre to Harness New Opportunities in AIoT

Excelpoint and Enterprise Singapore will jointly support the PlanetSpark Innovation Centre with an initial investment of S$5 million to expand the centre’s engineering capabilities and its technology platforms.

SINGAPORE, 12 January 2021 – SGX mainboard‐listed Excelpoint Technology Ltd (“Excelpoint” or “the Group”) is pleased to announce that its entrepreneurial and strategic investment arm, Planetspark Pte. Ltd. (“PlanetSpark”), has officially launched a hardware accelerator platform, PlanetSpark Innovation Centre, dedicated to supporting Singapore tech startups speed up market deployment of their Artificial Intelligence of Things (“AIoT”) innovations.

PlanetSpark Innovation Centre, situated at Changi Business Park, is officially opened today by Trade and Industry Minister Chan Chun Sing. The new centre will bring together innovators, hardware and software providers, venture capitalists, small and medium enterprises (“SMEs”), manufacturers and potential customers, providing a one‐stop ecosystem to help startups develop their AIoT solutions.

Supported by Enterprise Singapore and backed by Excelpoint, PlanetSpark Innovation Centre will invest an initial S$5 million for its R&D expansion and development of technology platforms so that technopreneurs are able to integrate their hardware innovation to develop solutions based on real world problem statements. This will allow them to make a fluid transition from proof‐of-concept to production and commercialisation.

With the Group’s vast industry networks of semiconductor manufacturers, sales channel partners and design engineering capabilities in the Asia Pacific region, Excelpoint is in a strong position to enable startups to expedite product development and optimise system‐level integration for rapid prototyping, thereby reducing their time, costs and risks in bringing their solutions to market.

For the upcoming pilot run of PlanetSpark Innovation Centre’s accelerator programme, there will be a line‐up of five startups and they are developing market‐deployable solutions in thermal sensing, facial recognition, satellite tracking and edge AI analytics.

The Innovation Centre will be headed by Ms Phuay Li Ying, who has been looking after Excelpoint’s corporate and strategic development for over 6 years.

Ms. Phuay Li Ying, Managing Director of PlanetSpark, said, “Through my work at Excelpoint, I see many Singapore hardware startups face challenges in accessing technologies from industry leaders, gaining market knowledge and finding channels to enter the regional market.

This is a gap that PlanetSpark Innovation Centre aims to bridge by leveraging on the strengths of Excelpoint and working closely with company founders to develop and integrate their AI and IoT technology and innovations in a way that is customer‐centric and scalable.

PlanetSpark’s role as a technology validator will also provide an indication of the potential of the startups for venture capital firms. Our ultimate objective is to have a collaborative hardware ecosystem where such startups can accelerate their growth and commercialisation plans, attract venture capital funding and create new possibilities for technology innovations and economic growth.”

Mr. Albert Phuay Yong Hen, Chairman and Group Chief Executive Officer of Excelpoint, commented, “In the fast‐evolving electronics industry, speed to market is key and Excelpoint has always placed our focus on value‐adding to our partners. We have built strong relationships with our partners and invested in strengthening our technical capabilities for over 30 years. With PlanetSpark, we are taking our value‐add to the next level.

Excelpoint is honoured to have the strong support from Enterprise Singapore to groom the next generation of technopreneurs at PlanetSpark Innovation Centre. This innovation centre is also an investment we made to nurture Singapore‐grown technology talents and bring our Singapore pride to the globe.

Given the huge market potential of the AIoT market, we have identified this emerging segment as Excelpoint’s new strategic business focus. We look forward to collaborating with leaders in the semiconductor technology ecosystem to capture new opportunities together. I believe these partnerships will strengthen Excelpoint’s positioning in the supply chain.”

About Excelpoint Technology Ltd.

Excelpoint Technology Ltd. and its subsidiaries are a leading regional business‐to‐business platform providing quality electronic components, engineering design services and supply chain management to original equipment manufacturers (“OEMs”), original design manufacturers (“ODMs”) and electronics manufacturing services (“EMS”) in the Asia Pacific region. EBN, a premier online community for global supply chain professionals, recognised Excelpoint Technology Ltd. as one of its Top 25 Global Electronics Distributors in 2017.

Excelpoint works closely with its principals to create innovative solutions to complement its customers’ products and solutions. Aimed at improving its customers’ operational efficiency and cost competitiveness, the Group has set up research and development centres in Singapore and China that are helmed by its dedicated team of professional engineers.

Established in 1987 and headquartered in Singapore, Excelpoint’s business presence spans more than 10 countries across Asia Pacific with a workforce of more than 650 people from different nationalities and cultural backgrounds.

For more information about Excelpoint, please visit www.excelpoint.com

About PlanetSpark Pte Ltd

PlanetSpark Pte Ltd (“PlanetSpark”) is the entrepreneurial and investment arm of Excelpoint Technology Ltd. (“Excelpoint”), investing in, supporting and collaborating with promising early-to mid‐stage start‐ups which have commercially viable technologies and products in Singapore and Asia that are related to the Artificial Intelligence (“AI”) and Internet of Things (“IoT”) ecosystem. PlanetSpark seeks to enable new market opportunities in hardware innovation and technology within the ecosystem with our investments and resources.

PlanetSpark Innovation Centre is a go‐to‐market hardware accelerator in Asia for technopreneurs specialising in the AI and IoT arena to accelerate their technology innovations and enable them to make a fluid transition from proof‐of‐concept to production and commercialisation through our hardware platforms.

Tapping on Excelpoint’s extensive business networks and market knowledge across Asia Pacific, we strive to forge collaborative and innovative partnerships within our field.

For more information about PlanetSpark, please visit https://www.planetspark.io

For any media enquiries, please contact:

Ms Phuay Li Ying
Managing Director of PlanetSpark
Direct: +65 6210 6649
Mobile: +65 9688 8898
Email: liying.phuay@planetspark.io

PlanetSpark Launches Flagship Single Board Computers To Accelerate Smart Vision AI Applications in Smart Sustainable Cities

The PlanetSpark flagship PSX series of SBCs serve to plug the hardware design gap that would enable commercial developers to shorten product design cycles and the runway to market for rapid deployment of Edge‐based vision AI solutions.

Singapore, 13 July 2021 – PlanetSpark Pte. Ltd., (“PlanetSpark”) the entrepreneurial and strategic investment arm of SGX mainboard‐listed Excelpoint Technology Ltd¹ (“Excelpoint”), today announced the release of its flagship PSX series of Single Board Computers (“SBCs”) named PSX4 and PSX7, respectively. The SBCs are specially designed as a unified AI supplement platform – from development to integration, targeting smart vision AI applications that can support infrastructure development, security and health surveillance, traffic enforcement, facilities management and vision guided automation, all relevant to Smart Sustainability, Smart Building and Smart Healthtech industry sectors. With pre‐installed software stack, the high performance PSX SBCs are much faster to set up and are capable of edge‐to‐cloud scalability and low latency real‐time multi‐feed video inferencing that conserve battery life. This powerful middleware technology platform serves to plug the hardware design gap that would enable commercial developers to lower the barriers to entry and shorten the runway to market for deploying Edge‐based vision AI solutions.

Ms Phuay Li Ying, Managing Director of PlanetSpark, said, “I am delighted and proud to unveil our PlanetSpark flagship PSX series of SBCs that feature a PlanetSpark‐exclusive middleware that we designed and built together with our principal, Xilinx, Inc. This technology has enabled us to strengthen our relationships with our ecosystem partners such as our principals and business networks. We hope to progressively grow our portfolio of technology platforms, as well as collaborate with more principals and innovative startups to tackle real‐world problem statements that can make an impact. I believe the PSX SBCs will be a game changer and a force multiplier in powering the future of Smart Sustainable Cities.”

PlanetSpark will be holding a virtual product launch live streaming event on 27 July 2021, 10.00 ‐ 11.15am, Singapore time, to introduce the PlanetSpark PSX SBC series. For more information, visit www.planetspark.io/envision‐possible/ to learn more. The PlanetSpark PSX4# and PSX7# SBCs are priced at USD699 and USD899, respectively. Both are available now!

#: The key highlights of the PlanetSpark PSX series of SBCs are summarised below:

Image: PlanetSpark PSX series of Single Board Computers

• Shortening runway to market with PlanetSpark‐exclusive middleware

Both the PSX4 and PSX7 SBCs come pre‐installed with PlanetSpark‐exclusive middleware that allows the developers to tap on Xilinx’s library of pre‐trained object‐detection AI models for rapid development and prototyping. The middleware helps end‐customers accelerate and greatly simplify their design and productization cycle that can shorten the runway to market by up to nine months.

• High performance at lowest system power

Both the PSX4 and PSX7 SBCs are powered by the Xilinx Zynq®UltraScale+ ™ MPSoC that features a proprietary multicore architecture that gives the SBCs the speed and superior performance to effectively balance AI workloads while conserving power.

With the SBC’s high real‐time AI computation capability per watt, developers can now develop vision AI applications with up to 3X higher performance and at much lower latency and power consumption compared to graphics processing unit (“GPU”) based cloud computing solutions.

Another benefit of PlanetSpark’s Edge computing SBC solution is that the risks of data security breaches are mitigated since sensitive information can be processed locally without having to stream them to the cloud.

• Adaptable for different environments

The PSX SBCs come with an extension header on board, which is outfitted with multiple interfaces and peripheral options that make the SBCs highly configurable to adapt to any type of externally connected sensors in the environment.

• Production‐ready development kit

The feature‐rich PSX SBC integrated platform significantly reduces the time, costs, risks and complexity in developing accelerated smart vision AI applications. PlanetSpark SBC users will be well‐supported with step‐by‐step walkthroughs and software updates to guide them in their product development journey.

About PlanetSpark Pte Ltd

PlanetSpark Pte Ltd (“PlanetSpark”) is the entrepreneurial and investment arm of Excelpoint Technology Ltd. (“Excelpoint”), investing in, supporting and collaborating with promising early‐ to mid‐stage startups which have commercially viable technologies and products in Singapore and Asia that are related to the Artificial Intelligence (“AI”) and Internet of Things (“IoT”) ecosystem. PlanetSpark seeks to enable new market opportunities in hardware innovation and technology within the ecosystem with our investments and resources.

Tapping on Excelpoint’s extensive business networks and market knowledge across Asia Pacific, we strive to forge collaborative and innovative partnerships within our field.

For more information about PlanetSpark, please visit https://www.planetspark.io

About Excelpoint Technology Ltd.

For more information about Excelpoint, please visit www.excelpoint.com

For any media enquiries, please contact:

Ms Phuay Li Ying
Managing Director of PlanetSpark
Direct: +65 6210 6649
Mobile: +65 9688 8898
Email: liying.phuay@planetspark.io

¹ Excelpoint Technology Ltd is a leading regional B2B business platform providing quality electronic components with integrated R&D capabilities. Excelpoint has been an integral part of the global electronics technology value chain for more than 30 years.

Excelpoint and Bkav Signs Strategic Partnership to Develop and Commercialize AIoT Platform Based on Qualcomm Technology Ecosystem; Enabling New Business Opportunities and Innovations Across the AIoT Technology Spectrum.

Nasdaq-listed technology innovator, Qualcomm, will form a tripartite alliance with Bkav and Excelpoint to create a complete ecosystem for AIoT applications
AIoT is the next transformational technology trend via the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure
According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum

(left to right) Mr Nguyen Tu Quang, Chairman of Bkav Group and Mr Albert Phuay, CEO of Excelpoint

19 October 2022 – Singapore-based Excelpoint Systems (Pte) Ltd. (“Excelpoint”), a leading regional B-to-B business platform providing quality electronics components with integrated R&D capabilities, and Bkav Hardware Solution (“BHS”), a member of Vietnam-based Bkav Corporation (“Bkav”) that is a technology group that specialises in cyber security, software, egovernment, smartphone manufacturing and smart electronic devices, Smart City and AI camera, are pleased to announce the signing of a strategic collaboration to develop and commercialise an Artificial Intelligence of Things (“AIoT”) platform built on Qualcomm chipsets and technology ecosystem.

AIoT is the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure, where such AIoT devices and applications can analyse data and make decisions and act on that data without involvement by humans, enhancing efficiency and effectiveness.

In the near future, it is anticipated that AIoT integration within businesses and industries (such as Smart Cities, Smart Homes, Industrial 4.0, Smart Retail Chains, Autonomous Vehicles, among others) will ultimately lead to more sophisticated and valuable inter-business and cross-industry solutions.

According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum.

Tripartite alliance between Qualcomm, Excelpoint and Bkav to develop and commericalise AIoT platform that facilitates the creation of new AIoT devices and innovations

While there is increasing proliferation of AIoT devices and applications, there are limited commercially-ready AIoT platforms and development kits as there are not many technology companies that can produce AIoT devices and applications across this specialised technological value chain, from hardware to software development.

With the tripartite alliance between Qualcomm, Excelpoint, and Bkav to create a complete ecosystem for AIoT applications, it can enable businesses and communities to seamlessly adopt and integrate AIoT technology with optimal costs and time efficiency, thereby creating new business opportunities and innovations within the AIoT technology spectrum. Under the alliance, Qualcomm will provide its chipsets, while Excelpoint will pursue the business development opportunities related to AIoT through its strong distribution networks. Levergaing on its technological strengths and manufacturing capabilities, Bkav shall undertake the role of a supplier of hardware, AIoT and AI platforms, such as AI Camera, AI Box, Edge Computing Servers, AIoT SoM, KIT, etc.

Mr. Nguyen Tu Quang, Chairman of Bkav Group, said: “With the strategic collaboration of technology-leading companies such as Qualcomm and Excelpoint, Bkav will use our competitive strengths to develop the core foundation for the AIoT ecosystem, so as to accelerate the revolution of Industry 4.0 and contribute positively to an increasingly-connected world driven by technology.”

Mr. Albert Phuay, CEO of Excelpoint, added, “We are very honoured to be a part of this strategic collaboration, value-adding to the future of AIoT. Excelpoint started our AIoT journey early, building up strong networks and knowledge within this emerging field. In Singapore, we have set up various development teams to unlock the technology and business opportunities of AIoT, such as Smart Parking, Electric and Automated Vehicles, Smart Surveillance and Security, among others. With our continual dedication and commitment in the AIoT field, we are confident that our collaboration with strong partners in Qualcomm and Bkav will be able to harness emerging opportunities and contribute to the AIoT ecosystem.”

In May 2022, BHS was officially launched, providing services such as research, development and production of electronic products, positioning its operations as an Original Design Manufacturer (“ODM”), a business model similar to Foxconn. The strategy of BHS is to support domestic enterprises within the electronics industry, with an aim to enable hardware manufacturing companies to become market-leaders globally. BHS is a member of Bkav Corporation. For more information on Bkav, please visit https://bkav.com.vn

Excelpoint is a leading regional electronics components distributor providing quality electronic components, engineering design services and supply chain management to original equipment manufacturers (“OEMs”), ODMs and electronics manufacturing services (“EMS”) in the Asia Pacific region. Excelpoint is also the authorised distributor of Qualcomm in ASEAN, India, Australia and New Zealand. Established in 1987 and headquartered in Singapore, Excelpoint’s business presence spans more than 10 countries across Asia Pacific with a workforce of more than 700 people from different nationalities and cultural backgrounds. For more information on Excelpoint, please visit www.excelpoint.com

For any media enquiries, please contact:

Bà Đỗ Thị Thu Hằng – Giám đốc Truyền thông Bkav
Mobile: 84 – 983. 14 33 21
Email: HangDTT@bkav.com

Ms Phuay Li Ying
Head, Corporate Development
Direct: +65 6210 6649
Mobile: +65 9688 8898
Email: phuay.li.ying@excelpoint.com.sg

Ambiq® Enables Singapore’s TraceTogether™ Token to Help Fight Against COVID-19

Ambiq partners with Excelpoint and iWOW to deliver critical components supporting Singapore’s efforts in combating the pandemic; anchors and builds Singapore APAC base with strong support from existing investor EDBI

Austin, TX – December 7, 2021

Ambiq, a technology platform and solutions provider recognized in ultra-low power microcontrollers (MCU), System-on-Chips (SoC), and Real-time Clocks (RTC), today announced its ongoing partnerships with Excelpoint, a leading regional electronics components distributor providing quality components, engineering design services; iWOW, a Singapore-based company that specializes in the development and supply of IoT solutions to supply the TraceTogether token; and EDBI, a Singapore-based global investor. EDBI led Ambiq’s Series E fundraising in 2018, and has been a solid pillar of support to the company’s regional market expansion plans, in particular the building up of its APAC base in Singapore.

Singapore developed the TraceTogether Programme to combat COVID-19 through community contact tracing. As the country continues to combat the pandemic, aggressive contact tracing has been identified to be a key contributor, alongside expanded and faster testing and vaccination, to keeping COVID-19 under control. Powered by the Ambiq Apollo3 Blue microcontroller (MCU), the token is a physical device using Bluetooth signals to trace others nearby. Besides being accurate, secured, safe, and in a small form factor, the Apollo3 Blue delivers the necessary performance without sacrificing battery life. The token is expected to last 4 to 6 months without a recharge.

The fruitful partnership with Excelpoint in delivering the TraceTogether token is also a significant milestone for Ambiq as the company established its 5^th Center of Excellence in Singapore last year with immense support from EDBI, and continues to expand its regional team. Singapore is uniquely positioned to play a critical role in driving continuous growth in the ASEAN region. As Ambiq diversifies and expands its businesses worldwide, its commitment and investment in Singapore are crucial in ensuring future success.

“As the global pandemic continues to present uncertain, ever-changing situations, we need to stay vigilant while the vaccines are being rolled out,” said Fumihide Esaka, Chairman and CEO of Ambiq. “We are privileged to have the collaboration with EDBI, Excelpoint, and iWOW, and are proud of the results we see in the Singapore TraceTogether token.”

Free of charge to all Singapore residents, the token captures proximity data via Bluetooth technology stored only on the device itself. The token will automatically delete its stored data after 25 days and not capture GPS / geolocation data.

In the event that you or those you have been in close contact with test positive for COVID-19, the Ministry of Health will approach you to upload your data for contact tracing. For more information, please visit https://support.tracetogether.gov.sg/hc/en-sg

Quotes

EDBI

“EDBI’s deep and longstanding collaboration with Ambiq has led to the company providing critical support to Singapore’s TraceTogether token project, which has become synonymous with Singapore’s successful efforts to combat COVID-19. We are proud to be a close partner of the company as they accelerate their expansion across the region through their Center of Excellence and APAC base here,” said Ms Chu Swee Yeok, CEO and President of EDBI.

Excelpoint

Mr. Albert Phuay Yong Hen, Chairman and Group Chief Executive Officer of Excelpoint, commented, “Excelpoint is proud to be partnering with Ambiq to join the fight against the spread of COVID-19 by supporting and distributing the Ambiq Apollo3 Blue MCU in Singapore’s TraceTogether Token. Being a total solutions provider with an extensive sales network comprising both public and private sector players, this partnership highlights Excelpoint’s strengths in demand generation alongside our technical expertise. Given Ambiq’s cutting-edge technology, we see many opportunities ahead. We are excited to further strengthen our relationship with Ambiq as an ecosystem partner in our PlanetSpark Innovation Centre[1]. Such collaborations will be key amidst this period for us to deepen our reach into different markets.”

iWOW

Mr. Jer Yaw CHEN, Senior VP IoT, commented, “iWOW, in consortium with SIIX Singapore Pte Ltd, is privileged to develop, manufacture and distribute the TraceTogether Token incorporating Ambiq’s Apollo3 Blue MCU as supported by Excelpoint. Together, we were able to bring a solution with demanding targets in the areas of power consumption, RF performance, security, and high volume market delivery. This project allowed iWOW to bring its deep wireless product development experience and expertise to contribute to Singapore’s COVID-19 contact tracing efforts. We value the support given by Ambiq and Excelpoint, and recognize the success brought about by this partnership. We are confident of deeper collaborations in time to come.

About

EDBI

Investing since 1991, EDBI is a Singapore-based global investor in select high growth technology sectors ranging from Information & Communication Technology (ICT), Emerging Technology (ET), Healthcare (HC), and promising Singapore SMEs in strategic industries. As a value creating investor, EDBI assists companies achieve their ambitious goals by leveraging its broad network, resources, and expertise. With its growth capital, EDBI supports companies seeking to expand in Asia and globally through Singapore. For more information, visit https://www.edbi.com/

Excelpoint Technology Ltd.

Excelpoint Technology Ltd. and its subsidiaries are a leading regional business-to-business platform providing quality electronic components, engineering design services, and supply chain management to original equipment manufacturers (“OEMs”), original design manufacturers (“ODMs”), and electronics manufacturing services (“EMS”) in the Asia Pacific region. EBN, a premier online community for global supply chain professionals, recognized Excelpoint Technology Ltd. as one of its Top 25 Global Electronics Distributors in 2017.

Excelpoint works closely with its principals to create innovative solutions to complement its customers’ products and solutions. Aimed at improving its customers’ operational efficiency and cost competitiveness, the Group has set up research and development centers in Singapore and China that are helmed by its dedicated team of professional engineers.

iWOW Technology Pte Ltd

iWOW Technology Pte Ltd is a leading wireless technologies product developer and end-to-end IoT systems provider offering innovative solutions to its customers since 1999. Conversant is a broad spectrum of wireless technologies (Cellular WAN, LPWAN, BT, NFC etc), iWOW’s solutions are offered as-a-service with focus in the areas of smart city, public health, aging society, and sustainability.

Ambiq

Ambiq was founded in 2010 with the mission to put intelligence everywhere by creating the most energy-efficient technology platforms and solutions for battery-powered IoT endpoint devices. Ambiq’s patented Subthreshold Power Optimized Technology (SPOT™) platform is proven to significantly reduce devices’ overall power consumption without compromising their battery life or performance. As a result, the company has helped many leading global manufacturers develop products that can operate for days – sometimes years – either by battery or energy harvest.

Enabling intelligence on mobile and portable devices would be almost impossible without Ambiq’s advanced ultra-low-power microcontroller (MCU) and System-on-Chip (SoC) solutions. With over 100 million units shipped in 2020, Ambiq is poised to unleash intelligence on more than 100 billion IoT endpoint devices in the very near future. For more information, visit www.ambiq.com.

Contacts

Ambiq
Charlene Wan
VP of Marketing Communications & Branding
cwan@ambiq.com
+1 512 879 2850

EDBI
Clarissa Chiang
Manager, Value Creation & Communications
clarissa_chiang@edbi.com
+65 6972 0255

Excelpoint Technology Ltd.
Phuay Li Ying
Head of Corporate Development
phuay.li.ying@excelpoint.com.sg
+65 6210 6649 (ext 649)

iWOW Technology Pte Ltd
Jer Yaw Chen
Senior VP, Internet of Things
jy_chen@iwow.com.sg
+65 6748 8123

[1]PlanetSpark Pte Ltd (“PlanetSpark”) is the entrepreneurial and investment arm of Excelpoint Technology Ltd. (“Excelpoint”). On 12 Jan 2021, PlanetSpark launched the PlanetSpark Innovation Centre, the first hardware-targeted accelerator for Artificial Intelligence of Things (“AIoT”) innovations, dedicated to supporting Singapore tech startups speed up market deployment.

WT Microelectronics Announces Acquisition of Excelpoint Technology to enhance product offerings and market expansion

13 Apr 2022 (Wed)

WT Microelectronics Co., Ltd. (TWSE: 3036) (“WT”) and Excelpoint Technology Ltd. (SGX: BDF) (“Excelpoint”) today announced that WT, through its wholly owned subsidiary WT Semiconductor Pte. Ltd.(“Acquiring Entity”), and Excelpoint have entered into a definitive agreement pursuant to which WT, through the Acquiring Entity, will acquire 100% equity in Excelpoint by way of a scheme of arrangement (“Scheme”) at a cash consideration of S$1.93 per Excelpoint share.
The transaction, which values 100% equity of Excelpoint at over S$232.2 million, is expected to close in the third quarter of 2022,
subject to, among others, the approvals of Excelpoint shareholders and relevant regulatory authorities as well as the sanction of the Scheme by the Singapore High Court. The founder and CEO of Excelpoint, Mr. Albert Phuay, will reinvest part of the cash consideration due to him under the Scheme in 20% equity of the Acquiring Entity, with the balance 80% stake owned by WT. Mr. Albert Phuay will continue to bethe CEO of Excelpoint.

In 2021, amidst continued Covid-19 pandemic and uncertain macroeconomic environment, Excelpoint achieved strong growth in
revenue and operating profitability. Excelpoint’s consolidated revenue,operating income and net income amounted to US$1,598.5m, US$30.5m and US$24.5m in FY2021, representing year-on-year growth of 44.2%, 148.3% and 137.2% respectively compared with FY2020. Excelpoint’s emphasis on strengthening its engineering expertise and capabilities to develop more technology solutions alongside its partners adds value to the company’s business, ensuring its sustainability and relevance to market needs. This strategy has given Excelpoint a competitive edge and its strong positioning in today’s market.

Excelpoint was listed in the Singapore stock exchange in 2004.
Through the years, the company has built and grew its businesses based on its strong fundamentals, including the long-term trusted relationships with Excelpoint’s suppliers, such as Analog Device (ADI), Microchip, Qorvo, Qualcomm, and Samsung, among others. The company continues to expand its customer base and now works closely with over 4,000 customers.

WT, founded in 1993, is one of the global leading distributors of semiconductor components. WT has focused on high quality and value-driven businesses to pursue profitable growth and drive competitive advantages. After years of higher-than-industry growth, it achieved a revenue of close to US$16 billion in 2021. WT currently partners with over 80 suppliers across every major technology segment to serve over 8,000 customers worldwide.

There are strong synergies between both companies, who are believers of value-adding to partners. The enhanced complementary product line offerings will allow for business expansion. Most importantly, with the experienced teams and footprints from both companies, customers will benefit from the extensive product solutions and technical support provided by the WT group, allowing them earlier access to the market.

In addition, the established customer bases combined would significantly improve the distribution capabilities and customer portfolios of WT in the Asia Pacific region. Cross selling of various products to the customers of Excelpoint and WT would not only realise potential synergies for the enlarged WT group, but also bring more demand creation opportunities for the supplier

RESPONSIBILITY STATEMENTS

Excelpoint. The directors of the Excelpoint (including any who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release (excluding information relating to Mr. Albert Phuay (in respect of arrangements other than in his capacity as director of Excelpoint, the Acquiring Entity and/or WT or any opinion expressed by the Acquiring Entity and/or WT) are fair and accurate and that there are no other material facts not contained in this press release, the omission of which would make any statement in this press release misleading. The directors of Excelpoint jointly and severally accept responsibility accordingly.

Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from the Acquiring Entity and/or WT, the sole responsibility of the directors of Excelpoint has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release. The directors of Excelpoint do not accept any responsibility for any information relating to the Acquiring Entity and/or WT or any opinion expressed by the Acquiring Entity and/or WT.

Acquiring Entity. The directors of the Acquiring Entity (including any who may have delegated detailed supervision of the preparation of this press release) have taken all reasonable care to ensure that the facts stated and all opinions expressed in this press release (excluding information relating to Excelpoint or any opinion expressed by Excelpoint) are fair and accurate and that there are no other material facts not contained in this press release, the omission of which would make any statement in this press release misleading. The directors of the Acquiring Entity jointly and severally accept responsibility accordingly.

Where any information has been extracted or reproduced from published or otherwise publicly available sources or obtained from Excelpoint, the sole responsibility of the directors of the Acquiring Entity has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this press release. The directors of the Acquiring Entity do not accept any responsibility for any information relating to Excelpoint or any opinion expressed by Excelpoint.