TUS International establishing the world’s leading smart mobility – intelligent and connected vehicles technology innovation system – grant opening of Ann Arbor Incubator and establishment of the Gap Fund
(On 20 November 2017, Hong Kong) TUS International Limited ("TUS International" or "the Company", stock code: 872.HK; together with its subsidiaries, the "Group") was the leading primary supplier in ADAS solutions in the PRC. The Group has persistently adhered to the national smart and connected vehicles’strategy, and had initially completed the business layout of intelligent and connected vehicles. To develop the principally-engaged technology business, while partnering with Tus-Holdings to establish the international smart mobility – intelligent and connected vehicles (“ICV”) technology innovation system simultaneously, to optimize the relevant newly created technological resources and building the eco-system of the industry, is one core strategy of the Group. Subsequent to the opening of the first Incubator base for intelligent and connected vehicles in Tuspark Beijing on 7 November, the opening of the Automotive Technology Incubation Base at the University of Michigan had resulted in further refinement on technology innovation and ecological environment for Tus International.
The opening ceremony of the company's Ann Arbor Innovation Incubation base was held on 17 November 2017, where Mr. Ma Chi Kong Karl, director of Tus-Holdings and chairman of Tus International, Mr. Yang Ming, executive director and COO of Tus International, Mr. Shen Quanhong, managing director of the incubation section of Tus-Holdings and general manager of TusStar, and Ms. Joanna Cheung, executive director of Tus International and TGN, attended the ceremony. The incubation base is located in Ann Arbor, Michigan, the United States. It was the first incubation base co-founded by Tus International and TusStar to operate independently in the United States. The opening of the base would signify an important step taken by the group to stride for an international layout on smart travel and automate and innovative system for smart and connected vehicles.
At the opening ceremony, representatives from Tus International, TusStar and University of Michigan signed an agreement on the establishment of the Gap Fund. The fund would promote the commercialization of university’s preassigned and qualified R&D projects (especially projects related to smart mobility), and speed up the establishment of the company's global leading role in smart mobility and technology innovative system for intelligent and connected vehicle, continue to strengthen the innovative effort and provide solutions and networking capabilities for unique smart mobility products.
Mr. Ma Chi Kong Karl, chairman, together with Mr. Shen Quanhong,
managing director of the Incubation section of Tus-Holdings and
general manager of TusStar, and Mr. Frank Ni, COO of the Incubation Base,
unveiled the Incubation base.
Representatives from Tus International, TusStar and
University of Michigan signed an agreement on
the establishment of the Gap Fund
Enthusiastic atmosphere igniting at the opening ceremony
Mr. Ma Chi Kong Karl, the chairman delivered a speech at the opening ceremony and expressed that Ann Arbor Incubation base was a professional incubation base in the automotive industry jointly developed by Tus International and TusStar. The founding of an innovative Incubation base at the University of Michigan and the Gap Fund by Tus International and TusStar carried great strategic significance. Mr. Ma believed that the company's Incubation base was different from its peer competitors as the company was originated from Beijing, China, and therefore it was the best choice for U.S. enterprises who wished to explore their business opportunities in China and for those U.S. enterprises founded by Chinese. Mr. Ma also briefed that the Tus Group has owned the whole-chained financial investment system and fully licensed financial support system. Additionally, the contribution of resources from Tsinghua University's scientific research could facilitate the transformation of products from scientific research taking place within the University of Michigan in the field of automobiles. Mr. Ma also hoped that in the future, a science park could be set up in Michigan to provide various support for local science researchers and enterprises.
Mr Ma ChiKong, the chairman addressed the opening ceremony
Mr. Shen Quanhong, managing director of the Incubation section of Tus-Holdings and general manager of TusStar, also briefed on the special meaning carried by the Incubation base and pointed out that the base will dedicated to the development of the intelligent and connected vehicle industry, especially to the smart travel and the related fields of artificial intelligence. Mr. Shen stressed: "Smart mobility will be the global focal concern in the future. It is our hope that Ann Arbor Incubation base will co-join with the China's first intelligent and connected vehicle incubation base, which was opened a few days ago in Beijing, to contribute to the future development in this particular territory.”
Mr. Shen Quanhong, managing director of the Incubation section of Tus-Holdings
and general manager of TusStar, delivered a speech at the opening ceremony
Mr. Nicholas Wigginton, deputy director of research at the University of Michigan, and Mr. Bryce Pilz, director of technology transfer office, delivered a speech, where they both believed that the collaborative partnership between University of Michigan and the Incubation base would have significant impact on the entire Michigan region and predicted that the incubation base would generate great opportunities for the transformation of scientific research products of University of Michigan and the development of innovative enterprises of science and technology.
Mr. Nicholas Wigginton, deputy director of research at the University of Michigan
Mr. Bryce Pilz, director of technology transfer office, University of Michigan
Mr. Phil Santer, senior vice president of Ann Arbor SPARK, emphasized in his speech that the establishment of the Incubation base was not only significant to Ann Arbor but also to Michigan as a whole. In the future, it would bring more mutually shared opportunities and chances for development.
Phil Santer, senior vice president of Ann Arbor SPARK
Mr. Les Alexander, CEO of Inmatech Inc., and Mr. Gerry Roston, CEO of Civonics Inc., representatives of start-up companies, briefed on the directions of future development for their respective companies.
Mr. Les Alexander, CEO of Inmatech Inc.
Gerry Roston, CEO of Civonics Inc.
Subsequently, Mr. Frank Ni, Chief Operating Officer of the Incubation base, introduced the background for the establishment of the base, focal area of concern at this stage as well as the targets of future development. He said the incubation base would contribute to the regional economic development and innovative ecology environment in Michigan through the provision of refined technology services and would devote itself to facilitate cross-border business development of Chinese and U.S. enterprises. It would focus on strengthening exchange and cooperation between Tsinghua University and Michigan University in the field of innovative automobile technology.
Mr. Ni Zhi, chief operating officer of Incubation Base
Mr. Ma Chi Kong Karl, the chairman, announced that two projects were awarded
Gap Funding and presented certificate to the person-in-charge of the respective project.
Brian Connors, representative of Michigan Government and executive director of China Innovation Center in Michigan, co-director of Tus-Holdings, Ms. Han Wei, deputy General Manager of TusStar and, General Manager of TusStar (Shanghai), as well as representatives of local entrepreneurs, representatives of Detroit Chinese Chamber of Commerce, representatives of Tsinghua Michigan Alumni Association, representatives of Automotive Engineers Association and student representatives of the University of Michigan attended the opening ceremony.
Ann Arbor Innovative Incubation base
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