Microware (01985) announced that on August 29, 2024, the company signed a strategic cooperation framework agreement with Teslink Technology Group Limited...
Zhongtong Finance and Economics APP news, Microware (01985) announced that on August 29, 2024, the company signed a strategic cooperation framework agreement with Teslink Technology Group Limited (Teslink Technology). According to the strategic cooperation framework agreement, the two parties agreed to establish a strategic partnership, leverage each other's complementary advantages in technical resources, market resources, and service resources, jointly build a professional, market-oriented technology service alliance, and promote the common development of both parties in technical services and research and development systems.
Both parties will promote the full integration of the company's information technology (IT) and artificial intelligence (AI) solutions with Teslink Technology's AI and Internet of Things (AIoT) technical architecture, achieving win-win cooperation. The term of the strategic cooperation framework agreement is from August 1, 2024, to July 31, 2027.
Based on establishing a long-term strategic partnership of mutual trust, both parties will complement each other's competitive advantages in the technical field, enhance operational efficiency, and achieve high-quality development. The board of directors believes that the strategic cooperation framework agreement provides valuable opportunities for both parties to create shared interests and synergies using their respective resources and expertise. Therefore, the board of directors believes that the proposed strategic cooperation under the strategic cooperation framework agreement aligns with the long-term development goals and business development strategy of this group, and is in the overall interest of this group and its shareholders.
As confirmed by Teslink Technology, Teslink Technology primarily engages in providing end-to-end AIoT products, including software, hardware, and services to enterprises, public management institutions, and other participants in the AIoT market in the public domain.