Aemulus - Technology Star in 2017

Financial results

Cash and cash equivalent as at 31 March 2017, RM17.9 million with RM395,000 borrowings only, translate to 4 cents per share.

Aemulus recorded profit before taxation of RM2.38 million as compared to the profit of RM0.64 million in the immediate preceding quarter, representing an increase of RM1.74million or 277%. 

Aemulus has achieved revenue of RM10.76 million, an increase of 38% or RM2.97 million as compared to the revenue recorded in the corresponding quarter of the previous financial year. The increase of the revenue is in line with the growing orders from the enterprise storage, smartphone and tablet market segments. [1-5]

Prospect

There has been a significant demand for Automated Test Equipment (ATE) from our customers in the enterprise storage and smartphone and tablet segments this quarter. The combined revenue from these two market segments is equivalent to 90% of the total revenue. We expect positive demand growth from these two market segments to continue in the subsequent quarters.[1-5]

We started to ramp up the production for AMB4600 ATE to meet the orders from our customers in the enterprise storage segment. The AMB4600 ATE is expected to return as a major revenue contributor to the Group in fiscal year 2017.

Sales from the Far East region during the first half of fiscal year 2017 is lower than the preceding year corresponding period. Nevertheless, we are still up beat of the business potential in this region. Barring any unforeseen circumstances, we expect a double digit revenue growth from the Far East in fiscal year 2017. [6] 

Potential super growth due to MOU:

1) Aemulus Corporation Sdn Bhd and Peregrine Semiconductor Corporation.

Reference is made to the announcement dated 25 August 2016 (“Initial Announcement”) in relation to the Memorandum of Understanding between Aemulus Corporation Sdn Bhd and Peregrine Semiconductor Corporation.

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.

The Board of Directors of the Company wishes to inform that the collaboration is in progress in accordance to the MOU.

This announcement is dated 18 November 2016.

Who is Peregrine Semiconductor?

Listed in Nasdq,  is a leading fabless provider of high-performance, radio frequency integrated circuits, or RFICs. The company’s solutions leverage UltraCMOS® technology, a patented, advanced form of silicon on insulator (SOI) that enables the design, manufacture and integration of multiple RF, analog and digital functions onto a single chip. Advancing the performance of RF SOI since 1988, Peregrine today delivers the monolithic integration and superior performance necessary to solve the RF market’s biggest challenges. Peregrine holds more than 300 issued and pending patents and has shipped more than 3.5 billion UltraCMOS units.

Benefit:

Aemulus, a leader in automated test equipment (ATE) solutions, and Peregrine Semiconductor Corp., founder of RF SOI (silicon on insulator) and pioneer of advanced RF solutions, announce their strategic partnership in the development of a new microwave frequency tester. Building on the success of Aemulus's Amoeba™ AMB7600 RF tester, this next-generation test solution will extend its support into microwave frequency bands and enable more complex testing.

2) Aemulus AMB7600 Selected by Energous Corporation to Test Its WattUp Wireless Charging Technology

15 Feb, 2017, 08:08 ET

http://www.prnewswire.com/news-releases/aemulus-amb7600-selected-by-energous-corporation-to-test-its-wattup-wireless-charging-technology-300406873.html

Who is Energous Corporation?

Energous Corporation listed in Nasdaq, is the developer of WattUp®—an award-winning, wire-free charging technology that will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a revolutionary radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from older wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.

Latest achievement by Energous with will benefit Aemulus:

- Energous Corporation Announces FCC Approval of Advanced Near Field WattUp Solution

Read more:  http://www.nasdaq.com/press-release/energous-corporation-announces-fcc-approval-of-advanced-near-field-wattup-solution-20170502-01731#ixzz4hRT9e500

Benefit

In February, US-based Energous Corp, a wire-free charging technology solution provider, chose Aemulus to test its chips. Energous’ product, “WattUp”, is an RF-based charging solution that is intelligent, with scalable power via radio band, similar to a Wi-Fi router.

Aemulus said wireless charging devices are the mainstream driver of key wearables and consumer gadgets with an estimated compound annual growth rate of 23.15% between 2017 and 2022.

“Aemulus are testing the chips, and the application is very wide, for example, [in] wireless earphones. It depends [on] whether Energous can get into the tier-one smartphone business.

“It is a new venture and we are placing a big bet that if Energous grows, then it is a new market for Aemulus. As of now, Aemulus are aware that Energous’ solution is gaining traction in the consumer device market.

Energous’ end customers have projected potential annual shipment of over 165 million devices, which translate into more than 10 testers.

3) Aemulus and Shanghai Testrong Technologies Co., Ltd.

Aemulus Holdings Berhad is pleased to announce that its wholly-owned subsidiary company, Aemulus Corporation Sdn Bhd, has entered into a Memorandum of Understanding on 14 September 2016 with Shanghai Testrong Technologies Co., Ltd.

Please refer to the attachment for the details of the announcement.

This announcement is dated 15 September 2016.

Who is Shanghai Testrong Technologies? 

Based in Shanghai Zhangjiang Hi-Tech Park where is China’s semiconductor integrated circuit industry stronghold, specializes in IC device technology research, test hardware and software development, engineering and production ATE test total solution offering. We are one of the advanced IC public platforms in China and provide ATE test related service to fabless customers worldwide. Testrong is highly recognized by industry professionals as a company with growth potential. 

Our operation philosophy: teamwork, continuously learning and training, innovation, promoting future trend for industry, contributing to society. Testrong carries on growth together with the partners, creating greater value for the customers. Testrong is devoted to be partner and incubator for potential fabless super star in China.

Benefit:

Aemulus focus on China is growing with increased adoption of 4G phone technology, making its RF testers popular, with its collaboration with Shanghai Testrong Technologies Co which is testing its product.

On the enterprise storage business, Aemulus aim  for surge in demand for mobile cloud storage.

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Prove & Facts:

[1] The global enterprise storage market was valued at USD 28 billion in 2015 and is expected to surpass USD 58 billion by 2020; the analysts forecast global enterprise storage market to grow at a CAGR of 15.87% during the period 2016-2020. 

http://www.prnewswire.com/news-releases/enterprise-storage-market-growing-at-a-cagr-of-1587-during-2016-to-2020-607068036.html

[2] Five Things To Watch In Enterprise Storage In 2017

htt​ps://www.forbes.com/sites/moorinsights/2016/12/29/five-things-to-watch-in-enterprise-storage-in-2017/#6cadc5b03f8f

[3] Worldwide Tablet Market Forecast to Rebound in 2018 as Detachables Gain Traction in Both Mature and Emerging Markets

http://www.idc.com/getdoc.jsp?containerId=prUS41962916

[4] Semiconductor equipment market expected to grow in 2017

http://www.electronicspecifier.com/events-news/semiconductor-equipment-market-expected-to-grow-in-2017

[5] Global semiconductor revenue to grow 7.2% in 2017: Gartner - ET Auto

http://auto.economictimes.indiatimes.com/news/industry/global-semiconductor-revenue-to-grow-7-2-in-2017-gartner/56741361

[6] Bright outlook for semiconductor industry in 2017

http://www.thestar.com.my/business/business-news/2017/03/14/bright-outlook-for-semiconductor-industry/

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