Zicom Group (ZGL) is pleased to announce that its wholly owned subsidiary Sys-Mac Automation Engineering Pte Ltd has invested 80% into a new subsidiary, SAEdge Vision Systems Pte Ltd, focused on optic and vision system engineering. The total investment is S$800,000 fully funded internally. Optic and vision systems are employed for accurate inspection and measurement of high throughput production in a production line and are particularly suitable for fine and small components, which conventional systems may be unable to do. Vision systems are also used for alignment. The technology is synergistic with Sys-Mac s and our subsidiary Orion System Integration Pte Ltd s (Orion) businesses. SAEdge will fully complement and strengthen Sys-Mac focus on automation business and complement Orion in developing and marketing its technology to its customers engaged in fine pitch flip chip assembly.
The Group wishes to announce that its 41% owned associate company, Curiox Biosystems Pte Ltd has set up a wholly owned subsidiary in San Francisco, USA. Curiox, USA will drive its technology into the USA and Europe and at the same time seek and establish alliances with partners to expand research and applications of its technology in these countries. The CEO who is an inventor of Curiox s technology will be based in this USA office. Curiox s patented DropArray technology has been fully validated by one of the world s largest drug companies in USA and the biggest pharmaceutical company in Japan.