Excerpts from message by Trek 2000 chairman and CEO in 2014 annual report

henn_379Henn Tan, Chairman & CEO of Trek 2000.
NextInsight file photo.
2014 has proven to be a rewarding year for us as traction for our proprietary technologies gained momentum in the global market.

In particular, the adaptability of our Flucard® across a variety of technological applications continued to drive growth and present us with fresh opportunities for collaboration and product diversification.


In February 2014, we announced that our proprietary Flucard® was granted patent protection for 20 years across major jurisdictions worldwide. This brings our total number of granted patents to 436 and is testament to Trek’s ability to push the barrier for technological innovation and advancement. Furthermore, our partnership with Toshiba to enforce intellectual property (IP) has given us an added edge in protecting our growing library of patents. 

Leveraging on the versatility of the Flucard® and its Wi-Fi capabilities, we secured a US$25.0 million agreement in July 2014 to supply Wi-Fi modules to Rely/Mattel China, a global leader in toy manufacturing. The Wi-Fi modules were used in children educational interactive devices and penetrating this market was definitely a leap forward for us.

We are excited to explore more opportunities within the growing consumer electronics market as we specialise in meeting global customers’ needs with our expertise and customised products.

trek_flucard-1

Stock price 
(21 Apr 2015)

39.5 c

52-week range

18.8 – 44 c

PE (ttm)

34

Estimated P/E (12/2015)

7.4

Market cap

S$118 m

Price/book

2.0

Dividend yield
Bloomberg data

1.27%

As a pledge of continued confidence in our strength as an Original Equipment Manufacturer (OEM), Ricoh Imaging extended its collaboration efforts with us in October 2014 by introducing Flucard® to its latest PENTAX K-S1 Sweets Collection.

This follows our previous partnership in November 2013, where we designed a customised Flucard® solution for Ricoh’s PENTAX flagship K-3 digital SLR camera series.

With a focus on our strength in external storage and security solutions, we partnered Unimicron, a subsidiary of UMC, the world’s largest printed circuit board manufacturer, in a joint venture (JV) in October 2014 to produce consumer solid-state drives (SSDs) for portable consumer electronics.

With the market’s gravitation away from hard-disk drives (HDDs) to SSDs due to improved physical characteristics, the JV targets the Greater China market with a global demand valued at US$20.7 billion by 2016 . Staying current to industry’s developments, this JV builds on our track record and expertise in R&D while utilizing Unimicron’s extensive distribution network to establish our presence in the developing market. 


Ensuring the future by helping to create it


The global Internet of Things (IoT) market is estimated to grow at a CAGR of 13.0%, from US$1.3 trillion in 2013 to US$3.04 trillion in 2020 . With our vision of becoming leading innovators of IoT, we seek to actively explore opportunities within the consumer technology space with an emphasis on cloud, wearable and medical technologies. In 2014, we continued to develop our award winning cloud-based platform, Cloud Stringers, which allows users to upload, share and transact videos and photos for professional or nonbusiness purposes.

Last April, we featured Cloud Stringers to a global audience at the 2014 National Association of Broadcasters (NAB) Show in Las Vegas and received overwhelming reception. Following its international showcase, our long-standing partner Toshiba as well as new partner Panasonic announced their investment of 15.3% each into Cloud Stringers. In addition, the two parties will also integrate Cloud Stringers with their market-leading professional cameras in order to allow a direct upload of images and videos onto the cloud platform.

We are proud to have two multinational electronics corporations on board to support us on our journey to revolutionise the way photos and video footage are transmitted and transacted worldwide.

This is just the beginning. Moving forward we hope to tap onto our partners’ extensive network in order to grow Cloud Stringers’ user base and visibility in the global market. On the consumer medical and wearable technology front, we have begun discussions with potential partners for the collaboration on technology and commercialisation.

As experts in R&D and innovation, the possibilities for product development are endless. We expect that our focus in these areas will help set the foundation for our future and we are excited about the prospects of transforming this technology space.

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