FIBOCOM Won the First Batch of Intelí»s Investment under Smart Device Innovation Fund

On Oct. 21th, 2014, Intel held an Investment Conference in Beijing and announced that it had allocated the first batch of investment USD28,000,000 under Smart Device Innovation Fund to five companies, FIBOCOM is one of them.

 

The fund was set up in April this year, with total amount of USD100 million. The investment will be focused on smart device, Internet of Things (IOT) and other relevant technologies in order to improve and consummate the Intelí»s ecosystem. Nearly all these 5 companies sharing the said investment have established closed cooperation with Intel, and FIBOCOM has provided wireless data communication modules for most of pads with Intel chips.

Arvind Sodhani, the president of Intel Capital in answering the reporter said, í░Our investment decision is based on the current demands of ecosystem, wireless module, for example, is widely applied in Internet of Things or vehicle systems, we need it earnestly.í▒

FIBOCOM has collaborated with Intel as a strategy partner in a wide range of fields from GPRS, 3G to LTE 4G since 2008, and provided professional communication modules for Internet of Things, and 3G/LTE modules for pads and notebook PCs with Intel chips; the two parties also have launched in-depth cooperation in intelligent traffic, and established a joint lab in April 2014. In the future, the solution of Internet of Vehicles device based on Intel processors will integrate more technical advantages and industrial applications of Intel, in order to provide the users of Internet of Vehicles with complete solutions.

The investment in FIBOCOM from Intel is a new milestone in the 15 yearsí» history of FIBOCOM. The cooperation will promote FIBOCOMí»s R&D, manufacturing of wireless communication modules and solutions based on Intel Architecture, further enhance the competitiveness and market status of FIBOCOM products, and provide global users with better wireless experiences.  

About Fibocom:

Fibocom Wireless INC., a Chinese leading wireless module maker and a M2M communication/LBS solution provider, not only independently designs, develops and manufactures wireless modules, but also provides IOT solutions, which enable secure communications among machines, equipments, vehicles and assets over wireless networks. Thanks to Fibocomí»s global sales channel, logistics, manufacturing and support, enterprises are able to simplify operations, increase efficiency and create new business models. By combining positioning technology and customize application service into its 2G, 3G and 4G wireless modules, Fibocom delivers a trusted and secure environment in Telematics , wireless retail system, metering and smart grid, security systems, routers &gateways, digital signage, mobile internet etc.