STUTTGART, Germany, Oct. 16, 2024 /PRNewswire/ -- Exyte, a global leader in the design, engineering, and delivery of high-tech facilities, has completed the acquisition of Kinetics Group. The transaction, announced in April 2024, closed on October 15, 2024, following receipt of all required regulatory approvals.
Kinetics is a globally recognized leader in installation services, equipment, and technical facility management. The company's expertise spans the biopharma, semiconductor, and high-tech industries, with operations across Asia, Europe, and North America. With the acquisition of Kinetics, Exyte significantly enhances the portfolio of its Technology & Services business area, reinforcing its position as a leader in high-tech facility solutions while also increasing its regional coverage.
"Through the acquisition of Kinetics, we are strengthening our capabilities and expanding our service offerings," says Exyte CEO Dr. Wolfgang Büchele. "Kinetics is an ideal addition to Exyte, allowing us to capitalize on the ongoing investments in high-tech facilities. Together, we will leverage new opportunities and continue providing our clients with innovative solutions."
With the transaction, Exyte also ventures into the field of technical facility management. Technical facility management services enable Exyte to extend its business activities beyond the engineering, planning, and construction phases, ensuring the continuity of its client relationships by offering services during operations.
Kinetics CEO Peter Maris adds: "Joining forces with Exyte provides Kinetics with a strategic partner committed to our sustained growth and excellence. Together, we will continue to serve our global clients with enhanced expertise and a broader range of high-tech solutions, ensuring ongoing success and innovation."
Strategic expansion of Technology & Services
Kinetics will operate within Exyte's business area Technology & Services, leveraging the combined strengths to foster innovation and growth. The business area consists of entities that provide cleanroom technology, installation services, and equipment for subsystems to their clients as well as off-site manufacturing (OSM). Exyte is currently pursuing its "Pathway to Ten" with the goal to achieve ten billion euros in sales by 2027. The business area Technology & Services is expected to contribute significantly to the company's success in the coming years.
About Exyte
Exyte is a global leader in the design, engineering, and delivery of ultra-clean and sustainable facilities for high-tech industries. With cutting-edge expertise developed over more than a century, the company serves clients in the sophisticated markets of semiconductors, battery cells, pharmaceuticals, biotechnology, and data centers. Exyte offers a full range of services from consulting to managing the implementation of complete solutions with the highest standards in safety and quality to its customers worldwide. Exyte creates a better future by enabling key industries to enhance the quality of modern life. In 2023, the company generated sales of €7.1 billion with around 9,900 employees worldwide. www.exyte.net
More information about Kinetics can be found on www.kinetics.net.
Contact
Samy Abdel Aal
Public Relations Manager
Phone: +49 711 88044696
Mobil: +49 172 840 33 01
samy.abdelaal@exyte.net
www.exyte.net
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Exyte completes acquisition of Kinetics
SHANGHAI, Oct. 16, 2024 /PRNewswire/ -- TCL's NXTPAPER display has been integrated into the latest flagship smart learning tablet, the Squirrel Ai S20, which made its debut at CES 2024. The collaboration between TCL and Squirrel Ai Learning builds on the success of the Squirrel Ai V12 series, further strengthening their partnership in artificial intelligence (AI) and smart education, while ushering in a new era of AI-enabled learning devices.
The Squirrel Ai S20, equipped with TCL's NXTPAPER eye-care display, providing a paper-like reading experience that optimizes eye comfort. It also features posture-based distance reminders to safeguard ocular health. The tablet leverages AI and big data to introduce the world's first adaptive large learning model, distancing itself from the traditional one-size-fits-all approach and embracing personalized learning. The development gives each student access to more individualized and intelligent learning solutions and experiences.
Powered by this large model, the S20 boasts comprehensive diagnostic and assessment capabilities, pinpointing student weaknesses and crafting tailored learning plans. Additionally, the system supports emotional interventions, analyzes children's capabilities and skills, and provides positive feedback to encourage good learning habits, enhance emotional engagement, and help each child reach their full potential.
At CES, discussions between TCL and Squirrel Ai focused on the existing education ecosystem. Zhang Xin, CEO of TCL Communication, highlighted TCL's leadership in display technology and the growing recognition of NXTPAPER technology among parents, teachers, journalists, and startups like Squirrel Ai. Derek Li, Chairman and Chief Education Technology Scientist of Squirrel Ai and Chairman of the IEEE Working Group for AI Education Large Model Standards, commented, "As China's first tech unicorn in AI adaptive learning for education, our company has been engaged in technological development and product innovation in response to the country's call, continuously leveraging technological advancements to support education. In collaboration with TCL, a prominent industry partner, the Squirrel Ai S20 places a priority on student eye health while also unveiling our first adaptive large learning model on a global scale. The pioneering solution merges adaptive technology with multi-modal large models, driving the AI and smart education revolution forward."
Squirrel Ai plans to launch an international version of its tablet by year's end, catering to the needs of students globally and broadening the awareness of Chinese edtech brands on the world stage. Looking ahead, TCL and Squirrel Ai are teaming up to leverage their respective expertise to push for standardized AI education in China and provide a transformative boost to the global education industry.
About TCL Electronics
TCL Electronics (1070.HK) ranks among the world's fastest-growing consumer electronics companies and is a global leader in the manufacturing of TVs and mobile devices, with TCL Communication as its wholly-owned subsidiary. For nearly four decades, TCL has operated manufacturing and R&D hubs worldwide, distributing products across 160+ countries and regions throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. TCL specializes in the research, development and manufacturing of consumer electronics including TVs, mobile phones, audio devices, and smart home products. For more information about TCL's mobile communication business, please visit: http://www.tcl.com/global/en.html.
TCL is a registered trademark of TCL Corporation. All other trademarks are the property of their respective owners.
About Squirrel Ai Learning
Squirrel Ai Learning has established itself as a tech-savvy startup in China, pioneering the integration of AI adaptive learning with education. With nine-plus years dedicated to AI research, it has rolled out the globe's first all-subject adaptive large learning model, marking China's first-ever fusion of adaptive learning with multi-modal large models for education. An Ernst & Young report rates Squirrel Ai's adaptive technology as achieving Level 5 autonomy in learning. Since 2021, the firm has shifted its focus to the mid-to-high-end smart learning device market, emphasizing L5 autonomy, with shipments surpassing 200,000 units. Squirrel Ai also provides adaptive teaching and learning SaaS systems to over 60,000 schools, reaching 24 million students. Its large model has collected and analyzed data from over 10 billion learning behaviors. Following extensive data training, Squirrel Ai has made significant advances in AI technologies, including recommendation algorithms and deep knowledge tracing. By leveraging its proprietary AI adaptive learning and teaching platform, Squirrel Ai is steadily expanding into the smart hardware domain. Its comprehensive suite includes AI-enhanced foundational skill development, intelligent diagnostic assessments, in-depth knowledge assessments, sequential learning, MCM learning strategies, skill mastery training, mistake analysis, spaced repetition, error tracking journals, performance feedback reports, and Level 5 AI-driven interactive teaching capabilities. The technology has earned widespread acclaim from parents, students, and educators alike. Currently, Squirrel Ai has a vast network of over 2,000 physical smart learning tablet stores nationwide, making it the largest AI learning device brand by retail footprint in China.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Squirrel Ai Debuts S20 Tablet with TCL's Advanced Display and Pioneering Adaptive Learning Technology at CES
