HONG KONG, CHINA - Media OutReach - May 29, 2017 - Arrow Electronics, Inc., (NYSE: ARW) today announced its collaboration with AIRmaker, a Singapore-based Internet of Things (IoT) accelerator, to support AIRmaker's goals of helping startups achieve their business objectives. As a technology advisor, Arrow will help AIRmaker program startups become more effective and productive in their idea-to-impact product journey through overcoming technical challenges and gaining critical IoT technology know-how, to turn a design into a product ready to be manufactured.
Arrow eVolve IoT Framework
Asia Pacific is set to be at the forefront of IoT, with the number of connected devices expected to increase from 3.1 billion to 8.6 billion by 2020, creating a US$583 billion market opportunity, according to IDC . Another study conducted by Telenor Group which surveyed technology enthusiasts in Asia revealed that more than a third (38 percent) are most likely to create an IoT startup this year, the highest percentage among other startup trends. This presents an opportunity for Arrow and AIRmaker to grow its business offerings in the IoT startup area in Asia Pacific.
As part of this collaboration, Arrow will provide AIRmaker's program participants online and offline end-to-end technology, design-to-manufacturing expertise, and support at overcoming technical challenges. This includes a complete range of collaborative online e-tools, and one of the world's largest online databases of reference designs and component information via Arrow's e-commerce site. Startups will also gain access to Arrow's professional advice and technical counsel throughout the development cycle from formulation and proof-of-design concept, component sourcing, rapid prototyping, and testing to system integration and pre-manufacturing verification.
"We are confident that our collaboration with Arrow will bring value-add to our business framework and processes and we are excited to see the transformation it will bring to our program participants", said Kwai Seng Lee, managing director, AIRmaker. "Arrow provides industry-leading end-to-end IoT capabilities and offerings that help startups navigate via the IoT maze and accelerate their design-to-manufacturing journey, which is the exact kind of support IoT startups are looking for."
Aerspace, a Singapore-based startup that specializes in motion analytics, solving patient falls in hospitals and nursing homes with an IoT wearable device, completed AIRmaker's program last year. "As a tech startup, we are constantly under pressure for speed, resources and delivering the best possible quality product," said Edwin Koh, co-founder, Aerspace. "Arrow has been a tremendous help with their comprehensive technology portfolio and technical know-how, from hardware components selection to wireless connectivity to system integration. Their IoT expertise has enabled us to accelerate our product development phase to reach a manufacturing-ready stage."
"The IoT startup scene is gaining a lot of momentum in the Asia-Pacific region, and Arrow is dedicated to assisting IoT startups in removing key barriers and connecting them with the ecosystem players to help guide them along the road to innovation entrepreneurship and social impact," said Esmond Wong, vice president of Supplier Marketing, Semiconductor for Arrow's components business in the Asia-Pacific region. "AIRmaker leads a vibrant and innovative IoT startup community, and we are confident that this collaboration can help increase the success rate of their accelerator program."
As the only global technology company capable of providing comprehensive, sensor-to-sunset full IoT product lifecycle solutions, Arrow is uniquely positioned to guide the biggest names in technology, and startups and makers alike, along their IoT production journey. For many years, Arrow has been supplying many of the key components of an IoT infrastructure, including sensors, low-power microcontrollers, wireless connectivity systems, network protocols, gateways, operating systems, security solutions, big data platform management systems, cloud solutions, and tools for device management and data analysis.
About Arrow Electronics Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations serving over 90 countries. Learn more at www.fiveyearsout.com.
About AIRmaker AIRmaker is an IoT-focused accelerator for digital health and smart cities startups. It aims at driving growth of startups through their various stages of development. In addition to its structured programs, AIRmaker leverages the network and ecosystem of its founding partners including Ascendas-Singbridge, SGInnovate, and Runyang Group to help the startups propel their business growth. For more information, visit http://www.airmaker.sg/en/ .