AdvanceTC Signs MOA With Malaysian University (UKM) to Conduct R&D on AI Technologies for Mobile Cameras for Its Range of Xplore Devices
New York, NY, July 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- AdvanceTC Ltd (NSX:A88, OTCQB:ATCLF) (‘AdvanceTC’ or the ‘Company’) is pleased to announce that the Company, in recognition of its technologies, has established an R&D collaboration with The National University of Malaysia (UKM), a premier Malaysian University under the ambit of the Ministry of Education, Malaysia for the development of cutting-edge AI technologies for mobile camera vision.
The objective is to conduct and to commercialize new generations of application software (Apps) for future mobile/satellite cameras leveraging on new frontiers in the Digital Signal Processing techniques including but not limited to Artificial Intelligence (AI).
The MOA will focus into areas of Image Processing Algorithms and AI For High Performance Future Cameras. This work will be a step into the future of using holographic virtual reality in digital cameras.
Together with the new innovation in the camera hardware, the R&D in the AI and holography for mobile/satellite cameras could revolutionize the design of new mobile cameras for full user experience that opens up new market opportunities in the future.
“This collaboration will bring together the country’s brightest minds, advanced research capabilities and global resources to develop one of the most popular modern smartphone components such as mobile/ satellite cameras. AdvanceTC and UKM will bring in real-world industry exposure to carry out joint initiatives and research,” said CP Loi, Chief Executive Officer of AdvanceTC Ltd.
The Company will continue to update on progress and inform the public on new information.
AdvanceTC is a premier technology company specializing in the design and development of mobile telecommunication and computing devices.
More information on the company can be found at www.advancetc.com
About AdvanceTC Limited
AdvanceTC is a premier company specializing in the design, development and commercialization of high tech mobile wireless computing and telecommunication devices since 2005. AdvanceTC W3, a full Windows® OS microcomputer integrated with cellular telephony capabilities and the Xplore X7 the world’s first android smartphone with satellite messaging and emergency service, fully designed and developed using its own patented proprietary technology and engineering innovation.
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Name: CP Loi / Chief Executive Officer
This news release contains forward-looking statements relating to the Proposed Transaction, and the future potential of AdvanceTC. Forward-looking statements are often identified by terms such as "will", "may", "should", "intends", "anticipates", "expects", "plans" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, without limitation, the risk that the Proposed Transaction will not be completed due to, among other things, failure to execute definitive documentation, failure to complete satisfactory due diligence, failure to receive the approval of the NSX and the risk that AdvanceTC will not be successful due to, among other things, general risks relating to the mobile application industry, failure of AdvanceTC to gain market acceptance and potential challenges to the intellectual property utilized in AdvanceTC. There can be no assurance that any forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
The Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by securities laws.
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