Taipei, Taiwan, July 26th, 2006
Evalue Technology Inc., a leading global designer and manufacturer of embedded computers, announced yesterday on July 25th that it has entered into a Letter of Agreement to purchase BCM Advanced Research, a renowned supplier of industrial motherboards for the embedded computer industry.
Evalue has been credited with supplying small foot-print embedded computer boards with experienced OEM/ODM services since its establishment in 2000. And BCM is a well known provider of industrial motherboards with 16 years experience in motherboard design and manufacturing. Both companies specialize in providing custom and off-the-shelf computer board with extended services covering long product life cycle, PCB/ Assembly/ BIOS revision control, high quality design and manufacture, and legacy form factor/ device support which further ensure customers a lower cost of system ownership
Alice Liu, President of Evalue commented: "The merging of the two companies creates one of the industry's broadest offerings of embedded computing products and industrial motherboards from a single company with engineering design and support expertise across the entire product line. This merger is expected to yield many positive results to both Evalue and BCM customers offering more products, enhanced design services, and superior local support."
Ray Wang, President of BCM elaborated: "We are very excited about joining forces with Evalue. The two organizations compliment each other, having similar business models, strong representation within their respected fields of expertise, and a passion to be the best. Combining the two companies truly creates a solid foundation for future growth. In addition, the strengths of the companies are a good match providing a number of operational and sales synergies which we expect will allow us to enhance the performance of the combined company."
The Letter of Agreement has received unanimous board of director approval by the Board of Directors of the respective companies. The parties have officially closed the transaction on July 25, 2006. The merged entity will be headquartered in Taipei, Taiwan and will retain both the Evalue US office located in Tinton Falls, New Jersey and the BCM office in Irvine, California. In the short term the companies will be operating in a business as usual fashion. Customers should continue to correspond as usual with their respective contacts and expect no changes or disruptions in service or policy.
Evalue positions itself as an innovative solution provider since its establishment in 2000. The company has successfully expanded its expertise from x 86 platforms into RISC-based hardware and software solutions. Backed up with an R&D team of seasoned engineers, Evalue provides a wide selection of products ranging from board level to system level products covering RISC computer, x86 based single board computer, ETX, motherboard, InnoFlex Panel PC, Box computer and more.
Evalue is a member of the Intel® Communications Alliance (ICA), a community of developers and solution providers utilizing Intel® technology in their product development and deployment. Members are committed to providing a strategic supply of standards-based solutions to the communications and embedded market segments. For more information, please visit: http://www.intel.com/go/ica.
BCM Advanced Research is a global supplier of industrial motherboards and single board computer products for the industrial, OEM/ODM and embedded PC industry. Founded in 1990, BCM has 16 years experience in motherboard design and manufacturing, is a member of the Intel® Communications Alliance. BCM specializes in providing custom and off-the-shelf industrial motherboards with an emphasis on long lifecycle, customization, revision-control, local engineering and design support, and strives to offer its customers greater flexibility and value when compared to other embedded board manufacturers.
Evalue Technology Inc.
Applied Computing Solutions
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