Avalue Steps into Medical Display Market by Acquiring 33.33 percent of Goomedi Lab.
TAIPEI, TAIWAN, February 1st, 2016 - Avalue Technology Inc. (TAIEX: 3479-TW) announces a new member joining their medical family. The board of directors made the official announcement on October 22nd, 2015 that Avalue has acquired 33.33% of Goomedi Laboratories Ltd.’s share, expecting Goomedi Lab. to fuel the growth of Avalue’s market share in the healthcare industry. Goomedi Lab., established in 2014, now has 14 employees, among which are mostly research and development engineers and technical engineers. Goomedi Lab. has outstanding abilities in designing and developing products as well as manufacturing. The company is certified with several international standards for medical devices, including UL/cUL, IEC/EN 60601-1 3rd edition.
“The global medical displays market was estimated at $0.9 billion in 2014, with projected revenue CAGR of 4.5% from 2014 to 2019”, according to IHS TECHNOLOGY Medical Displays Report – 2015. Moreover, the profit of medical display has always been higher than that of consumer displays. This is result not only from the fact that the market has significantly high standards for medical displays in terms of resolution, stability and luminance, but also requires the manufacturers to abide by the standards for producing medical devices. Goomedi Lab., recognized by international standards, together with the ISO 13485 certified Avalue, will be able to create synergy and provide reliable medical solutions to customers.
Goomedi Lab.’s product line, including medical monitors from 19” up to 55”, could be categorized into diagnostic displays, ultrasound displays and surgical displays according to different applications and specifications. The whole product line is compatible with DICOM standards (Digital Imaging and Communications in Medicine), among which the 55” surgical display supports UHD 4K x 2K resolution.
Ms. Alice Liu, the chairwoman of Avalue Technology stated, ”Avalue entered the intelligent healthcare industry in 2006, and has since then engaged deeply in the bedside terminal field. For the past few years, the sales revenue of healthcare related products accounts for 24-27% of Avalue’s annual revenue. This strategic alliance will take advantage of Goomedi Lab.’s competences in design and development of medical displays, along with Remedi’s healthcare systems and Bytec’s nursing cart. Through this alliance, we look forward to offering customers with more diverse product line, better healthcare solutions and integrated service and eventually enlarge Avalue’s presence in the smart healthcare market.”
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About Avalue Technology
Avalue Technology (TAIEX: 3479-TW) is a professional Industrial Computer manufacturing company, who is dedicated to developing the x86 and RISC architecture products, including Embedded Computers, Single Board Computers (Full Size SBC), Systems-on-Modules/ ETX (SoM/ ETX), Industrial Motherboards, all-purpose Panel PCs, Barebone products, Mobile Solutions, Industry 4.0 solutions, Retail Solution and various IOT ready application etc. Having expanded, Avalue offers its expertise on all types of service including PCB/ Assembly/ BIOS version control and after-sales. An ISO 9001:2008, ISO 13485:2003, ISO 14001:2004 and OHSAS 18001:2007 certified company; Avalue offers assurance to customers in every aspect of its business. With headquarter located in Taiwan, Avalue has global subsidiaries, including offices in Shanghai, New Jersey, California, Tokyo, and Denmark. In addition, Avalue Technology operates an extensive distribution network to accommodate and serve customers all around the world.