SOURCE: Movidius

September 16, 2015 12:56 ET

Movidius Opens Dedicated China Office as Device Manufacturers Shift Focus to Innovations in Machine Vision

SAN MATEO, CA and SHANGHAI, CHINA--(Marketwired - Sep 16, 2015) -   World leader in Machine Vision chips Movidius has announced that it will be opening a new office in Shanghai this month. The goal of this expansion is to support the increasing demand for Machine Vision capabilities in connected devices such as smart phones, drones and new IoT product categories. The announcement was made during the Enterprise Ireland trade visit to China by Irish Minister of Jobs, Enterprise and Innovation Richard Bruton TD.

Over the past 12 months, Movidius has signed new contracts with Chinese original device manufacturers (ODMs), and received a significant investment from Chinese camera giant, the Sunny Optical Technology Group. The activity over the last 12 months has made China one of the fastest growing markets for Machine Vision-enabled consumer devices.

Speaking from Shanghai Minister Bruton said: "The opening of Movidius' first office in Asia is a significant achievement and a clear demonstration of the company's potential. Movidius is a highly innovative Irish company and a great example of the type of company my department supports through Enterprise Ireland. This move will allow them to focus on growing and developing sales in Asia -- ultimately supporting the growth of their business back home in Ireland. I congratulate Movidius and wish them continued success for the future."

"We're seeing China shift increasingly from a center of manufacturing to a knowledge leader in technology innovation," says Movidius CEO, Remi El-Ouazzane. "Opening a dedicated Asian-region office in Shanghai is necessary to service our existing clients in the region and take advantage of the increasing interest in the Myriad 2 vision platform."

Julie Sinnamon, CEO, Enterprise Ireland, who is accompanying Minister Bruton on the trade mission, commented: "I warmly congratulate Movidius on the opening of their first office in China. This significant move will allow the company focus on growing and developing sales in China and the wider Asia region. It is very encouraging to see innovative Irish companies growing and developing their presence in important export markets like China. Enterprise Ireland looks forward to continuing to work with Movidius as they expand their international footprint -- ultimately sustaining and creating jobs in Ireland."

With the opening of the new office located in Shanghai, Movidius now operates a total of four offices internationally spanning Dublin, Romania, in addition to the Silicon Valley headquarters located in San Mateo, California.

About Movidius

Movidius is a vision processor company serving the growing need for visual sensing in connected devices, providing a highly innovative vision processing unit (VPU) with a robust and powerful software development kit (SDK) environment. Movidius' architecture delivers a new wave of intelligent and contextually aware experiences for users in mobile, wearable and other connected applications and devices. With offices in Silicon Valley, Ireland, Romania and Shanghai, Movidius is a venture-backed company with investors including Atlantic Bridge Capital, Draper Espirit, West Summit, AIB Seed Capital Fund, ARCH Venture Partners, Capital-E, Robert Bosch Venture Capital, Summit Bridge Capital, Sunny Optical Technology Group

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