Excelpoint's Wholly-owned Subsidiary, PlanetSpark, Undertakes an Investment of US$2 Million in Meridian Innovation
SGX mainboard-listed Excelpoint Technology Ltd. announced that its wholly-owned subsidiary, PlanetSpark Pte. Ltd., the Group’s entrepreneurial and investment arm, has undertaken an investment of US$2 million in Meridian Innovation Pte. Ltd., a Singapore-based company developing Thermal Imaging Sensor based solutions for commercial and consumer applications that will enable safer and better living.
With its design house incubated in Singapore, Meridian’s thermal sensors are the first to be integrated with the Complementary metal–oxide–semiconductor ("CMOS") technology, allowing the manufacturing process for their thermal cameras to be easily scaled for high volume production. Since they surfaced at the recent CES show in Las Vegas, their products have gained the attention of big players within the industry. This week, Meridian is also exhibiting at the Shanghai CES show.
More details in
https://links.sgx.com/FileOpen/Meridian_...eID=563264