BANGKOK, Jan. 10, 2025 /PRNewswire/ -- In continuation of the MOU signed between NEC Corporation Thailand (NEC Thailand) and AIRA Factoring Public Company Limited (AIRA Factoring) in May 2024, NEC Thailand and AIRA Factoring have now formed a strategic partnership to launch a Digital Supply Chain financing platform. Through this collaboration, NEC Thailand and AIRA Factoring will provide a range of key services, including utilizing "TASConnect", a solution owned by SCV Research and Development PTE. LTD., and other digital capabilities of NEC to create robust and efficient supply chain finance programs. Additionally, the partnership will focus on client acquisition by targeting specific groups and markets to identify and capitalize on new business opportunities.
Mr. Akarawit Sooksai, CEO of AIRA Factoring, emphasizes the critical role of business loans in helping SMEs sustain their operations, particularly for ongoing working capital needs. He projected that the implementation of Supply Chain Financing (SCF) would enable AIRA Factoring to increase its annual credit disbursement by over 10%, from THB 19 billion in 2024 onwards. By digitizing credit management processes, strengthening supplier relationships, and improving cash flow management for clients, AIRA Factoring aims to deliver benefits across all stakeholders—including sellers, buyers, and the company itself—while expanding its customer base sustainably.
"AIRA Factoring is committed to strengthening Thai SMEs by enhancing their financial liquidity. For new businesses, obtaining loans from traditional financial institutions can be challenging or even impossible. However, with invoices as supporting documents, SMEs can demonstrate their actual sales performance. In addition to serving our clients, we are actively sharing this knowledge with members of the Thai Factoring Association and financial institutions, showcasing the capabilities of modern solutions that enable efficient and automated processes," Mr. Akarawit concludes.
Mr. Ichiro Kurihara, President of NEC Corporation (Thailand), emphasizes that NEC remains committed to its strategy as a leading ICT provider while expanding its capabilities in the digital finance sector. By leveraging its expertise, NEC aims to support partners like AIRA Factoring in enhancing their financial services through efficient and automated digital solutions. Mr. Kurihara accentuates collaborating with AIRA factoring to launch Digital Supply Chain Platform marks a significant milestone in their partnership.
Embracing the Thailand 4.0 strategic focus, AIRA Factoring and NEC Thailand will offer innovative and sustainable technology that will allow the industry to move to a value-based economy model.
With the Thai manufacturing sector as a vital contributor to the nation's economy, AIRA Factoring and NEC Thailand have prioritized a digital supply chain financing platform that can support manufacturers with easier and faster access to funding, contributing to overall economic growth in Thailand.
About NEC Corporation (Thailand) Ltd.
NEC Corporation officially began operations in Thailand in 1962. With extensive expertise and experience across various industries, NEC Thailand provides advanced technology and enhanced customer experiences in areas such as healthcare systems, community-based elderly care including emergency alert system for Long term care integrated, communications, cybersecurity, infrastructure, and IT platforms. The company also offers manufacturing, retail, and sustainability-focused solutions to build a society where everyone is equally connected, fostering long-term social sustainability.
For more information, visit:
Website: https://th.nec.com
Facebook: https://www.facebook.com/NECCorporationThailand/
CONTACT: necare@nec.co.th
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
NEC Thailand Partners with AIRA Group to Launch a Digital Supply Chain Platform
TAIPEI, Jan. 10, 2025 /PRNewswire/ -- Aetina Corporation, a leading provider of edge AI solutions and a subsidiary of Innodisk Group, today announced a collaboration with Qualcomm Technologies, Inc., who unveiled a revolutionary Qualcomm® AI On-Prem Appliance Solution and Qualcomm® AI Inference Suite for On-Prem. This collaboration combines Qualcomm Technologies' cutting-edge inference accelerators and advanced software with Aetina's edge computing hardware to deliver unprecedented computing power and ready-to-use AI applications for enterprises and industrial organizations.
The flagship offering, the Aetina MegaEdge AIP-FR68, sets a new industry benchmark by integrating Qualcomm® Cloud AI family of accelerator cards. Each Cloud AI 100 Ultra card delivers an impressive 870 TOPS of AI computing power at 8-bit integer (INT8) while maintaining remarkable energy efficiency at just 150W power consumption. The system supports dual Cloud AI 100 Ultra cards in a single desktop workstation. This groundbreaking combination of power and efficiency in a compact form factor revolutionizes on-premises AI processing, making enterprise-grade computing more accessible than ever.
Richard Hung, Vice President at Aetina, emphasized the transformative potential: "Our collaboration with Qualcomm Technologies marks a significant breakthrough in edge AI deployment. By achieving the complex landscape in a desktop form factor, we're democratizing access to enterprise-grade AI capabilities. This solution enables businesses to run sophisticated AI models locally, ensuring data privacy while maintaining superior interoperability and cloud-level performance."
The collaboration introduces innovative applications in generative AI, particularly through Large Language Models (LLMs) with Retrieval-Augmented Generation (RAG). This advancement enables organizations to rapidly develop, test, and customize generative AI models on standard PC workstations, with seamless scalability to private or cloud data centers. This capability is particularly valuable for industries requiring secure, high-performance AI processing, such as healthcare, finance, retail and manufacturing. Additionally, the collaboration strengthens Aetina's role as a key AI innovator within the Innodisk Group, highlighting its expertise in global partnerships.
"We are excited to introduce novel and advanced on-prem AI inference appliance solutions with Aetina," said Rashid Attar, Senior Vice President of Engineering, Qualcomm Technologies, Inc. "These solutions address enterprise on-prem AI needs across a diverse set of sectors and combined with the AI Inference Suite enable a broad range of AI agents, applications, and use cases."
The Qualcomm AI On-Prem Appliance Solution combines state-of-the-art processors with comprehensive Qualcomm AI Inference Suite for On-Prem to offer a powerful, localized AI computing solution that operates efficiently within enterprise environments. The new bundle solution will be available through global distribution partners starting in Q1 2025, marking a significant milestone in making enterprise-grade AI accessible to organizations of all sizes.
For more information on how Aetina is revolutionizing edge computing, please visit Aetina's website.
About Aetina Corporation
Aetina, a provider of state-of-the-art AI solutions, offers a wide range of AI computing systems, platforms, hardware, and software tools ideal for the creation of different types of vertical AI. Aetina's integrated solutions empower its Arm, x86 computers, GPUs, ASIC hardware, cloud management software, and development tools with artificial intelligence, delivering comprehensive, tailor-made hardware and software suites to enable smooth, quick system intellectualization progress at the edge. With its ecosystem network, Aetina makes the creation and deployment of any specific AI-powered applications highly achievable by leveraging its global partners' AI technologies.
Read more at: www.aetina.com
Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Aetina Works with Qualcomm to Advance Edge AI with Groundbreaking On-Prem Solutions
