Backed by its SGX‐listed parent company Excelpoint and supported by Enterprise Singapore, PlanetSpark Innovation Centre will be investing an initial S$5 million to expand its engineering capabilities, expecting to benefit more than 30 local startups over the next 3 years, while creating new opportunities across the semiconductor supply chain.

SGX mainboard-listed Excelpoint Technology Ltd. (“Excelpoint” or the “Group”), is pleased to announce that its wholly-owned subsidiary, PlanetSpark Pte. Ltd. (“PlanetSpark”), the Group’s entrepreneurial and investment arm, has undertaken an investment of US$2 million in Meridian Innovation Pte. Ltd. (“Meridian”), a Singapore-based company developing Thermal Imaging Sensor based solutions for commercial and consumer applications that will enable safer and better living.

SGX mainboard-listed Excelpoint Technology Ltd. (“Excelpoint” or “the Group”), is pleased to announce that its wholly-owned subsidiary, PlanetSpark Pte. Ltd. (“PlanetSpark”), the Group’s entrepreneurial and investment arm, has undertaken its maiden investment of S$0.3 million in CLOPT ech, a Singapore-based company with deep technology know-hows, design experience and intellectual properties in semiconductor chip design.