We are a home and office telecommunications product design company that sells products through telecommunications operators, major consumer goods retail chains and distributors, mainly located in Europe and Latin America. According to the Frost & Sullivan report, in terms of revenue for the year ended December 31, 2016, the Alcatel brand ranked third in the European home phone market segment. Our revenue mainly comes from designing, developing and selling licensed trademarks and other customer brands of home and office telecommunications products for the European, Latin American and Asian markets. Since the Group was founded in 2013, we have established an impressive track record of performance and built relationships with our customers. Our customers include large consumer goods retail chains, telecom operators and distributors, mainly located in Europe and Latin America. We are mainly engaged in product and solution design and development, sales, marketing and after-sales service for home and office telecommunications products. Most of our sales come from licensed products. We generally seek orders from customers by (i) directly promoting product concepts to them; (ii) responding to customer requests for products or product-specific features; or (iii) bidding for telecom operators' projects in multiple countries. We outsource the telecommunications product manufacturing process to our production subcontractors because we think this is more cost effective and allows us to focus on designing and developing new products. Over many years of history, we have adapted to technological changes and strived to utilize our product design and sales and marketing capabilities. At the last available date, our telecommunications product range includes home phones (wired and wireless), office phones (analog and VoIP phones), and other telecommunications products (including IP conferencing equipment, network cameras and surveillance products). For details, please refer to the “Our Products” section of this prospectus. During the performance period, we sold our products under a licensed trademark or Swissvoice brand or the brand of our telecom operator or retail chain customer (if so requested). We have entered into a license agreement with Alcatel Lucent for the worldwide sale of licensed products under the exclusive license trademark, which expires in 2027. For details, please refer to the “License Agreement with Alcatel Lucent” section of this prospectus. Additionally, we signed an agreement in November 2016 to acquire the Swissvoice brand and plan to develop product categories to be marketed under the Swissvoice brand. For details, please refer to the “Acquisition of the Swissvoice Brand” section of this prospectus. We will focus on developing our business by diversifying our product range, enhancing design and development capabilities, and generating sales by investing in marketing.
No Data
No Data