Avnet, a global technology distributor and solutions provider and Cognian, an Australian-headquartered global Internet of Things (IoT) connectivity provider of smart building management solutions, today announced that they will collaborate to accelerate and scale IoT deployments worldwide, and provide customers with seamless industry leading connectivity solutions being built on Avnet’s IoTConnect Platform.
Avnet Asia Pte Ltd today signed a Memorandum of Understanding (MOU) with Infineon Technologies Asia Pacific to jointly support startups and incubators from technology-related sectors in Southeast Asia. Startups and incubators will now be able to access Avnet and Infineon’s expertise, ecosystem, and technological facilities to accelerate the process of bringing their products to market.
The companies announced the alliance, which brings together two established sources of technology innovation, on stage today during Alibaba’s Apsara Conference in Hangzhou’s Cloud Town. One of the first products offered through the new Chinese Super Store will be the Alibaba Cloud-enabled Raspberry Pi 3 Model B/B+ computer.
Fiscal year sales rose 3%, SG&A expenses were reduced by $117 million, or 6%, and cash flow from continuing operations totaled $591 million