SALES ARE just starting for Trek's FluCard and Ai-Ball in Japan and the turnover is expected to be US$2 million this year.
Next year, it is expected to reach US$8 million.
So said Trek 2000 International Ltd, citing projections made by its newly-appointed distributor, Kaga Electronics Co., Ltd, which is among the top 5 Japanese consumer electronics distributors.
To put the figures in perspective, Trek's total revenue for FY2010 was US$78.5 million, up 15% year on year.
Kaga has electronic component trading businesses in Japan, North America, Europe and East Asia.
It manufactures and sells computers and computer related products and electronic parts and also owns its computer peripherals brand which includes semiconductor materials, EMS (Electronic Manufacturing Service), and storage devices.
Unveiled in January 2010, the FluCard® is a Wi-Fi enabled memory card which allows wireless transfer of data onto the Internet and between FluCard®-equipped devices.
It has the potential to displace the use of existing SD cards in consumer electronics such as digital cameras.
Ai-Ball, another breakthrough product of Trek, is the world’s smallest portable Wi-Fi remote camera that boasts of picture quality and sharing capabilities.
“Japan has incredible cultural influence on the rest of the world, from pop music to consumer electronics, architecture to fashion. Marketing our innovations to the sophisticated Japanese consumer is both a challenge and exciting prospect which we are geared up for, and ready to embrace. We are happy to have Kaga onboard to help grow our business,” said Mr Henn Tan, Executive Chairman and CEO of Trek.
Trek, which is listed on the Singapore Exchange and the inventor and patent owner of the ThumbDrive, said the launch of the FluCard and Ai-Ball in Japan will be a turning point for the company, should the Japanese, known for their discerning tastes, take to the innovations.
At the same time, its entry into Japan sets Trek in good stead for the FluCard to become the defacto standard of SD cards.
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YANGZIJIANG soothes market, saying net profit growth at least 30% for 1H2011
Key points from company announcements this morning:
1. The timely vessel delivery within 1H2011 has ensured that the Group is on schedule to meet its vessel delivery target of 65 in FY2011, compared with that of 50 in FY2010.
Therefore, the Board of Directors is confident of delivering not less than 30% growth in net profit attributable to equity holders in the upcoming 1HFY2011 results announcement on 11 August.
2. The Group has renewed its Share Purchase Mandate during the AGM held on 28 April 2011. If Yangzijiang’s share price continues to fall without fundamentals, the Board does not eliminate the possibility to exercise the Share Purchase Mandate to protect minority shareholders’ interest.
3. The market landscape has changed post financial crisis, and this has given rise to new opportunities for Asian ship owners to build and expand their fleet. Hence, the Group has witnessed a diversification of its customers’ portfolio away from European-based customers.
Meanwhile, the existing European-based customers are long-term customers that have withstood the crisis with strong financial standing and payment track record.
4. With reference to market sources that indicate possibility of Convertible Bond financing activities, the Board wishes to clarify that there is currently no immediate Convertible Bond financing plan in the pipeline.
Full press release here.
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