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JY Grandmark Announces 2021 Audited Annual Results

Prominent Advantage of “Eco-friendly and People-oriented Property”

Contracted Sales and Contracted ASP Grow against the Market Trend

Adhere to the “Three Red Lines”

Diversified Business Strategies Demonstrate Resilience


HONG KONG SAR – Media OutReach – 21 April 2022 – JY Grandmark Holdings Limited (“JY Grandmark” or the “Company”; together with its subsidiaries, the “Group”, stock code: 2231), a property developer, operator and property management service provider based in the People’s Republic of China, is pleased to announce its audited annual results for the year ended 31 December 2021 (the “Year”). There were no material changes in the Group’s Audited Annual Results as compared with the Unaudited Annual Results contained in the Unaudited Annual Results Announcement.

JY Grandmark positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project site in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.

During the Year, the Group’s annual contracted sales amounted to approximately RMB4,216.0 million, representing a year-on-year growth of 19.7% as compared to RMB3,523.6 million in 2020. The contracted average selling price (“ASP”) increased by approximately 25.8% year-on-year to RMB12,631 per sq.m. in 2021. The total contracted sales GFA was approximately 334,000 sq.m.. The recognised revenue during the Year was RMB2,043.1 million. Profit attributable to owners of the Company was RMB216.4 million.

Proposed final dividend was RMB 0.97 cents per ordinary share for the year ended 31 December 2021. Together with the 2021 interim dividend of RMB3.63 cents per ordinary share, total cash dividends for the year of 2021 will be RMB 4.60 cents per ordinary share.

Focus on the “Traffic-Oriented” Urban Property Sector, Impressive Sales Driven by New Projects

During the Year, the Group’s property business was restructured to continue its established strengths in home upgrading and vacation property sectors, while focusing on the expansion of the “traffic-oriented” urban property sector, which improved the comprehensive benefits of the Group.

As to urban property, the Group launched three new projects throughout the Year in two hotspot cities, namely Zengcheng District of Guangzhou (two projects) and Liuhe District of Nanjing (one project). The two projects launched in the first half of 2021 were both located in the new and old centres of the cities, above the metro and targeting urban residents with rigid demand of housing, and continued to record impressive sales throughout the year. In the second half of the year, another project of the Group in Zengcheng District of Guangzhou was fast-tracked to the market. The project, located in the core development zone of the Guangdong-Hong Kong-Macao Greater Bay Area, was recognised by the market for its new Chinese-style landscape in line with the local cultural and aesthetic trend, low density community space planning, extremely high utilisation rate of household space and higher delivery standards than surrounding competing products. Therefore, it realised hot sales despite the tightening of the property market in the second half of the year.

Enhancement in Revenue and Branding of Property Management Services

In 2021, revenue from property management services of the Group amounted to RMB22.2 million, representing an increase of 21.3% as compared to 2020, benefit from the increase of GFA under management by Zhuodu Property under the Group. Through the overall increase in service level, Zhuodu Property achieved a good brand reputation in 2021, with record high customer satisfaction and a steady improvement in reputation in terms of safety service, engineering service and environmental service, etc. Among the communities served by Zhuodu Property, JY Mountain Lake Gulf Project in Zhuzhou was awarded the three-star property demonstration community of Zhuzhou.

Hotel Operations Revenues Grow Steadily

Thanks to the Group’s efforts to enhance customer experience and boost its marketing campaigns, revenue from the Group’s Just Stay Hotel and Just Stay Resort under its hotel operations business amounted to RMB78.8 million in 2021, representing a growth of 28.3% from RMB61.4 million in 2020. In the face of operational challenges posed by the recurrence of the pandemic, Just Stay hotels enhanced customer experience and service quality by upgrading and improving the facilities and equipment, diversifying the operating projects, adding value to the product experience and other operational initiatives. At the same time, the hotels strengthened online marketing and promotion by seizing major nodes such as Canton Fair, holidays and themed peak seasons to increase the occupancy rate and repeated occupancy rate of new and existing customers through online marketing to attract traffic, offline experience and word-of-mouth communication, resulting in a steady growth in turnover for the year.

Exploit the Urban Renewal Layout, Acquire Quality Land Bank through Diversified Channels

In 2021, the Group inaugurated the Zhujiang Village Redevelopment Project in Huangpu District of Guangzhou, which would increase approximately 268,700 sq.m. financing area in the centre of the city, thereby initiating the layout of urban renewal and bringing greater expected value to the Group’s development. Urban renewal, as a channel to acquire prime land in core cities, will continue to be an important driver of land bank expansion and business growth for the Group. The Group will continue to expand into the Guangdong-Hong Kong-Macao Greater Bay Area, actively develop its urban renewal business and seek strong alliances with competent and qualified partners to enhance its comprehensive competitiveness in the same sector. In addition, the Group will continue to pursue a diversified land acquisition strategies, and increase its quality land bank with a flexible approaches through strengthened mergers and acquisitions, joint development and other models, in addition to tenders, auctions or listing-for-sale.

Sound Financial Position Gains Recognition in the Capital Market

The Group has been continuously perfecting its financial structure and further broadening its financing channels, its stable financial situation and diversified financing channels enable the Group to achieve sustainable and high-quality development under the tightening industry background. In February 2021, the Group successfully issued 7.5% senior notes in an aggregate principal amount of US$155,000,000, including completion of the exchange offer of the existing senior notes amounting to US$137,500,000 due 2021. After the reporting period, in January 2022, the Group successfully issued 7.5% senior notes due January 2023 in an aggregate principal amount of US$152,100,000 (the “2022 New Notes”). The issue of the 2022 New Notes comprised of the exchange offer of the existing 2021 Notes amounting to US$149,600,000 and completion of concurrent new money issuance amounting to US$2,500,000.

Mr. Michael Chan, Chairman and Executive Director of JY Grandmark said, “In 2021, the property market showed the characteristics of normalised regulation, intensified competition and market differentiation during the year. In the challenging market environment, JY Grandmark has achieved steady development: in terms of finance, we held tight to the cash flow and optimised our financial structure adhering to the ‘three red lines’; in terms of land bank, we implemented diversified land bank strategies, and broadened the channels of land bank by both acquisition and expansion as well as strong alliances; in terms of business, we pursued diversified development, with our property development, property management, hotel and other business segments keeping pace with the market, and achieved steady growth on the basis of innovative ideas; in terms of brand, by virtue of our quality management, we continued to be listed on the ‘Top 20 Creditworthy Property Developers of Guangdong (廣東地產資信20強) ‘, and also selected as one of the ‘Top 200 Real Estate Enterprises in China (中國房地產200強企業)’ and the ‘2021 Best Real Estate Enterprises with Greatest Growing Potential in China (2021中國房地產成長力卓越榜)’.

Looking to the future, under the current market environment, ‘stability’ will be the theme of the Company’s development. We will optimise our investment structure based on the principles of cash utilization, debt reduction and leverage lowering, acquire projects with development potential through multiple channels and, leveraging industry trends and policy directions, explore new types of diversified businesses, including urban renewal, asset operation, leasing or old-age care and other sectors with growing demand. Meanwhile, we will strengthen the effective integration of our own diversified businesses, revitalise our assets with an operational mindset and explore new business growth points, so as to cope with market changes under the business environment with normalised regulation in a better way and pursue for long-term, stable and quality development.”

About JY Grandmark Holdings Limited

JY Grandmark is a property developer, operator and property management service provider based in the PRC. It runs four principal businesses, namely (i) property development and sales, (ii) hotel operations, (iii) property management and (iv) commercial property investment. The shares of JY Grandmark have been listed on the Hong Kong Stock Exchange since December 2019 and the Group has been included as a constituent of the MSCI China Small Cap Index since May 2020.

JY Grandmark has land resources in Guangdong, Hainan, Yunnan, Jiangsu and Hunan provinces for its future development. The Group positions itself as an “Eco-friendly and People-oriented Property Developer” and acquired land reserves in strategic locations with abundant natural resources, rich culture and potential for growth. The Group takes into account the natural and cultural resources of its project sites in the design of properties to develop homes and communities that the Group considers to be truly liveable for buyers. This accurate positioning differentiates the Group from other property developers in the PRC.

#JYGrandmark

The issuer is solely responsible for the content of this announcement.

MGI announces partnership with Nalagenetics to advance pharmacogenomics in Singapore and Indonesia

The partnership will address some critical issues in pharmacogenetic assay through sequencing workflows improvement

SINGAPORE – Media OutReach – 21 April 2022 – MGI, a company committed to being a world-leading life science innovator, today announced a partnership with Nalagenetics (NALA) to co-develop low coverage whole genome sequencing for risk prediction and pharmacogenomics through optimizing Next Generation Sequencing (NGS) workflow based on MGI’s sequencing devices and products*.

The collaboration aims to use NALA’ Clinical Decision Support, a software medical device, to be able to analyze whole genome sequencing data sets generated by MGI’s DNBSEQTM sequencing platform*, and generate clinical-grade reports for pharmacogenomics and polygenic risk scores. Although NGS has been known to be an effective way to capture a large amount of genomic information to guide and tailor clinical management and treatment,[1] NGS workflows are complicated and not trivial to adopt in clinical settings. NALA is dedicated to help implement clinical genetic testing in Southeast Asia with strong expertise in pharmacogenetics, assay development, and AI-linked genetics analysis for pharmacological phenotypes and risk prediction.

“Pharmacogenetic testing adoption in Southeast Asia is still low despite interest from customers, as Next Generation Sequencing is a multi-step process that can be complex and difficult to implement in existing settings. The partnership with Nalagenetics will merge both our expertise and bring about a simplified Next Generation Sequencing workflow with automation, sequencing primer design and process QC within current healthcare framework,” said Dr. Roy Tan, General Manager, MGI Asia Pacific.

“We see more and more hospitals adopting sequencing for personalization of medicine in oncology, cardiovascular conditions, and others. One of the biggest challenges is recommending follow up action that makes sense for the local market, for example list of alternative therapies and screening procedures that lead to cost-effectiveness. We are glad to work with MGI to co-develop products and offer services to answer local needs,” said Levana Sani, CEO of Nalagenetics.

[1] Gagan and Van Allen Genome Medicine (2015) 7:80 DOI 10.1186/s13073-015-0203-x. Accessed at https://genomemedicine.biomedcentral.com/track/pdf/10.1186/s13073-015-0203-x.pdf

About MGI

MGI Tech Co., Ltd. (MGI), an affiliate of BGI Group, is committed to building core tools and technology to lead life science through intelligent innovation. Based on its proprietary technology, MGI focuses on research & development, production and sales of sequencing instruments*, reagents*, and related products to support life science research, agriculture, precision medicine and healthcare. MGI’s mission is to develop and promote advanced life science tools for future healthcare. As of December 2020, MGI has a footprint that spans across more than 70 countries and regions, serves over 1,000 international users and employs more than 1,700 professionals globally, around 33% of which are R&D personnel. For more information, please visit the MGI or connect on , or .

*Unless otherwise informed, StandardMPS and CoolMPS sequencing reagents, and sequencers for use with such reagents are not available in Germany, USA, Spain, UK, Hong Kong, Sweden, Belgium, Italy, Finland, Czech Republic, Switzerland and Portugal.

#MGI

About Nalagenetics

Nalagenetics is a biotechnology technology company focusing on personalized screening and intervention. Nalagenetics aims to provide affordable and actionable end-to-end genetic testing that is relevant to local populations by working with hospitals and labs. The company’s main product, Clinical Decision Support, allows providers to generate clinical-grade genetic reports from raw genetic data files and clinical input. Nalagenetics has presence in Southeast Asia and Europe. For more information, please visit .

#Nalagenetics

The issuer is solely responsible for the content of this announcement.

Laos Confirms 1,003 New Cases of Covid-19

Savannakhet Covid-19 Update

Laos has recorded 1,003 cases of Covid-19 across the country today.

CleverTap Appoints Anand Venkatraman as the Chief Operating Officer

MOUNTAIN VIEW, CALIF., AND MUMBAI, INDIA – News Direct – 21 April 2022 – CleverTap, the world’s leading retention cloud, announced the appointment of Anand Venkatraman as the Chief Operating Officer.

Anand has over two decades of experience in building and augmenting global teams and P&Ls across various sales motions. He joins from Freshworks where he led and scaled the fast growing Asia Pacific and Middle East and Africa businesses and evolved Global Partnerships to independently drive business across 40+ countries, scaled the technology marketplace and embedded Freshwork deep into the worldwide startup ecosystems. Prior to that he held leadership positions at Akamai and Microsoft in APJ and India.

“I warmly welcome Anand to CleverTap. His appointment is an indication of our ambitious growth plans to be the gamechanger for user retention. With his successful track record in taking businesses global, building highly engaged teams, and establishing creative approaches for customer success. Anand Venkatraman will strengthen the Clevertap Management Team to help scale the company to the next level by bringing in excellence in execution,” said Sidharth Malik, CEO CleverTap Inc.

“I am excited to join CleverTap as they emerge as the Retention category market leader, in not just India and South-East Asia but also in markets like North America, Latin America, Middle East, Turkey, Africa and Europe. I am looking forward to being a part of their journey in taking the Indian SaaS story to the world,” said Anand Venkatraman.

About CleverTap

CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML powered insights and automation. Customers around the world representing over 10,000 apps, including Vodafone Idea, SonyLIV, Daimler, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit or follow on , , and .

#CleverTap

The issuer is solely responsible for the content of this announcement.

Workato Invests in Singapore to Make Enterprises and Employees ‘Unstoppable’ in the Automation Age

Workato will commit S$300 million towards Singapore’s first Digital Automation Hub, create over 700 jobs, and ink training partnerships with three institutions of higher learning to help people build a career in automation

SINGAPORE – Media OutReach – 21 April 2022 – Workato, the leader in enterprise automation, opened Singapore’s first Digital Automation Hub (The Hub) and its second global headquarters today, as part of the company’s broader plan to invest S$300 million in the region over the next three years.

WORKATO-S-LAUNCH-EVENT-1-MOU-Sig.JPG

Workato launches Digital Automation Hub and signs three MOUs with Singapore Polytechnic, Singapore University of Social Science and Ngee Ann Polytechnic. Executives in clockwise direction are Vijay Tella, Founder and CEO of Workato; Tan Kiat How, Singapore’s Minister of State for Communications and Information; Allan Teng, Founder and Managing Director of Workato Asia Pacific and Japan; Allan Chia Beng Hock, Dean, School of Business of Singapore University of Social Sciences; Tan Yen Yen, Senior Director, Business and the Creatives of Singapore Polytechnic; and William Lim, Director Designate, School of Business and Accountancy of Ngee Ann Polytechnic.

The opening of Workato’s 8,471 square meter Suntec City headquarters was officiated by Singapore’s Minister of State for Communications and Information, Mr Tan Kiat How, Workato’s Founder and Chief Executive Officer, Mr Vijay Tella, and the company’s Founder and Managing Director of Asia Pacific and Japan, Mr Allan Teng.

“As a regional and international tech hub, Singapore is known globally for its innovation and strong government support for tech startups and innovative technologies,” said Mr Tella. “Workato’s goal is to empower companies globally to harness the power of low-code, no-code integration and automation for transformative business growth. With its focus on innovation and business, Singapore has been a key springboard for Workato to expand within the Asia Pacific region. We look forward to partnering with companies here to help them speed up innovation and transform their businesses.”

Mr Justin Ang, Assistant Chief Executive, Media, Innovation, Communications & Marketing, Infocomm Media Development Authority of Singapore, who was also present at the opening said, “Workato is recognised as a global automation leader and we are excited that the company is establishing its second international headquarters in Singapore. We look forward to working with Workato, especially through our Accreditation@SGD programme, to support their growth which will help organisations in Singapore and Asia Pacific accelerate their automation goals for business impact. Our vision is for many more tech companies in Singapore to build world-class products for the global market.”

Empowering businesses and employees to become ‘unstoppable’ in the age of automation

Workato’s Digital Automation Hub will house its second global headquarters, where companies in Singapore and the region can learn and accelerate the adoption of digital automation in the age of industry 4.0.

“Singapore has always been a strategic regional hub for major flows in capital, data and technology assets. We anticipate worker augmentation and automation will support businesses to innovate quickly, achieve higher productivity and ultimately, capture new opportunities for the economy,” said Mr Allan Teng. “Today’s launch marks our commitment and momentum in empowering modern businesses with industry-leading integration and automation technologies. We look forward to partnering with governments, businesses, and institutions across the region to accelerate Digital Transformation 2.0 and unlock opportunities in industry 4.0.”

The Hub will host a ‘Centre of Excellence for Automation’, an experiential showcase of the impact and value that automation can bring to enterprises. It will consist of eight meeting rooms and an executive briefing centre, equipped with the latest state-of-the-art conference meeting technology for hybrid work. The venue will also be used to conduct automation training courses and certification programmes. Furthermore, The Hub will enable businesses in Singapore and Asia Pacific to benefit from complimentary automation consulting sessions with Workato’s in-house experts.

While Workato’s employees have always enjoyed working flexibly from anywhere around the world, the company also recognises the need for employees to have a physical space for creative collaboration and social interaction. Its presence in Singapore has thus been designed with ample discussion and brainstorming rooms, as well as a social hub where events can be held for both employees, customers and partners.

Beyond physical spaces, Workato’s employees will stand to benefit from the company’s social programmes, organised for their holistic development and mental well-being. These include fireside chats, Workato ABCs (APJ Business and Career Conversations) where new employees would learn about the business and the career pathways available at the company.

Growing Workato’s workforce by more than five-times, nurturing Singapore’s next-generation digital and automation talents, and making social impact

By 2025, Workato will create more than 700 skilled jobs for fresh graduates and Professionals, Managers, Executives and Technicians (PMETs), and expand its workforce in Singapore by more than five times. In 2022, the company will add 120 jobs across business, technology and support functions, and double its staff strength in Singapore.

To build strong talent pipelines, Workato inked Memorandums of Understanding (MOUs) with three Institutes of Higher Learning (IHLs) to equip students and mid-career professionals with the skills, tools and expertise to upskill in technology and automation. The three IHLs are Singapore Polytechnic, Singapore University of Social Sciences (SUSS) and Ngee Ann Polytechnic. The MOUs cover business digitalisation, information technology (IT) and human resource (HR) automations.

Ms Tan Yen Yen, Senior Director, Business and the Creatives, Singapore Polytechnic, said, “Industry 4.0 brings about a technological transformation that will reshape the future of work in all business verticals and the HR function in many organisations. Working with Workato to nurture and train our young learners from our Diploma in Human Resource Management with Psychology course will help Singapore build a community of new talents who are skilled in employing technology and automation to drive efficiency and productivity across the HR department, which is the backbone of every organisation. This is an excellent partnership where we work with like-minded industry professionals and leaders to equip our local businesses with the expertise in HR automation in their respective verticals and be future-ready for a growing digital economy.”

“At SUSS, we believe education must be continuously refreshed and updated to meet the latest trends and demands. The need to modernise business workflows and enhance enterprise operations is key to elevating organisations’ digital transformation in this digital-first age,” said Associate Professor Allan Chia, Dean, School of Business, Singapore University of Social Sciences. “By collaborating with Workato to develop a module on ‘Data Integration for Enterprise Automation’, our students will be able to build their own automations – an imperative skill for next-generation talents as Singapore looks towards fortifying our regional and global presence as a technology hub. We also look forward to organising industry engagements in workflow automation and integration, in partnership with Workato.”

“As more companies employ digital technologies to transform their processes, there is a strong demand for digital talents who can harness the power of automation. Ngee Ann Polytechnic’s timely partnership with Workato allows our learners to hone their skills through real-world projects, hackathons and work attachment opportunities. This reinforces our efforts to place industry at the core of our curriculum, through which we build a strong talent pipeline with the relevant skill sets to meet the challenges of Industry 4.0,” said Mr Patrice Choong, Senior Director, Technology, Innovation & Entrepreneurship, Ngee Ann Polytechnic.

About Workato

The leader in enterprise automation, Workato helps organisations work faster and smarter without compromising security and governance. Built for Business and IT users, Workato is trusted by over 11,000 of the world’s top brands like Broadcom, Intuit, Box, Autodesk, and HubSpot. Headquartered in Mountain View, Calif., Workato is backed by Altimeter Capital, Battery Ventures, Insight Venture Partners, Tiger Global, and Redpoint Ventures. For more information, visit or connect with us on social media:

● Blog:

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#Workato

The issuer is solely responsible for the content of this announcement.

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
Learn more at FiveYearsOut.com

#ArrowElectronics

Arrow Electronics Launches NTU-Arrow Invent Lab to Support Tech Startups in Singapore

New lab showcases Arrow’s commitment to empowering talent and developing a robust innovation ecosystem

SINGAPORE – Media OutReach – 21 April 2022 – Global technology-solutions provider Arrow Electronics, Inc. today announced the opening of the NTU-Arrow Invent Lab in collaboration with Nanyang Technological University, Singapore (NTU Singapore), a world top-ranked university founded on science and technology.

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

Arrow Electronics launches NTU-Arrow Invent Lab to support tech startups in Singapore

The lab is part NTU’s EcoLabs Center of Innovation for Energy initiative to accelerate deep-tech energy innovation development in Singapore. Aimed at the development and deployment of smart energy, mobility and intelligent sensing technologies, the new lab will offer local technology startups, system integrators and industry players free consultation and access to the world-class engineering and supply chain capabilities needed to excel and thrive.

As part of Arrow’s global network of open labs, this new Invent Lab serves as an innovation and experimental platform where the local technology community can develop ideas, unleash creativity, and tap directly into Arrow’s globally diverse engineering resources and tools as they bring their inventions to life.

Sharing knowledge, nurturing talent, and facilitating performance

Singapore ranked fifth in the Global Startup Ecosystem Report (GSER) 2021 in Asia. The report also noted that there are demands among Singapore’s most promising startups for knowledge or ability to access engineering expertise.

Designed to empower local innovators and engineers with access to design tools, resources, and engineering expertise that they often lack, this lab is equipped with state-of-the-art engineering equipment and testing modules. Experienced vertical segment experts and engineers with expertise in areas of embedded computing, sensing, connectivity and system integration are on site to provide professional guidance to users.

Professor Lam Khin Yong, NTU’s Senior Vice President (Research) said, “NTU is strategically positioned to foster an innovative ecosystem for startups with our world-class research facilities, strong industry partnerships and renowned academia talent. Our partnership with Arrow creates an invaluable opportunity for innovators and startups to access the latest technologies and connect to world-class suppliers. This joint collaboration will enable the acceleration of our innovation capabilities to support Singapore technology startups in their digital journey. The new NTU-Arrow Invent Lab will elevate the support available to local startups and drive the development of advanced manufacturing, both locally and internationally.”

For example, while product development usually takes nine to twelve months, with the support of Arrow experts, startups using the lab will be able to save up to six months in development time and up to 25 percent of engineering design costs. More importantly, as a trusted advisor, Arrow will provide developers with guidance throughout the development cycle – from formulation and proof of the design concept to component sourcing, rapid prototyping, and testing, all the way to system integration and pre-production verification.

“Working with a consortium of industry associations, technology suppliers, enterprises and leading academic institutions like NTU, Arrow is dedicated to building a robust engineering support ecosystem that provides startups and innovators with quick and easy access to world-class engineering consultation, design-for-manufacturing support, and go-to-market resources,” said Natarajan MM, Arrow Electronics’ vice president of sales for South Asia. “Collaborating with NTU to launch and operate this new lab reinforces our commitment to making technology more accessible, easier to understand and better to use.”

Platform for Singapore’s innovation and technology evolution

In addition to providing the startup community with practical engineering support, the lab will also serve as a platform for educational programs and insight, sharing activities aimed at supporting Singapore’s innovation and technology evolution. Some of Arrow’s technology suppliers supporting this lab include ADI, Allegro, Diodes, Diotec Semiconductor, Fair-Rite Asia, Intel, Kioxia, Kyocera-AVX, Littelfuse, Microchip, Molex, NXP, OMNIVISION, onsemi, Panasonic, Rohde & Schwarz, Sharp, Silicon Labs, STMicroelectronics, TE Connectivity, Toshiba, Unicore Communications, Vishay, Western Digital, and Yageo. Arrow engineers and technology experts from these suppliers will host regular technical seminars and workshops on a range of fields from smart energy to mobility and intelligent sensing.

About Arrow Electronics

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life.
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