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Waltop Announces Investment from Intel Capital


Waltop Announces Investment from Intel Capital
New funding will support Waltop’s continued R&D in EM stylus solutions
Waltop International Corp., one of the leaders in electromagnetic (EM) based pen input design and manufacturing, today announced it has received investment from Intel Capital, Intel's global investment and M&A organization. The funds will be used to expand Waltop’s research and development regarding pen-input capabilities via its proprietary cultivated EM technology, as well as to help the Company grow market share for its stylus solutions among mobile device makers around the world.
“We are excited to work with Intel Capital to make our EM handwriting solutions available to mobile users worldwide,” said Jerry Tang, President of Waltop International Corp. “This investment by Intel Capital validates our years of hard work in EM pen development and reflects the great potential of this technology in the mobile space. We believe Intel Capital’s investment will help us fortify our operational and technical capabilities, strengthen our market position and help bring our superior products and services to a greater number of end-users.”
“Mobile technology innovation is occurring both inside and outside the mobile device and Waltop’s pen input solutions are reflective of the growing demand for mobile-related technologies,” said Sudheer Kuppam, Managing Director, Asia Pacific region, Intel Capital. "Intel Capital looks forward to supporting Waltop in the development of its EM technology and stylus solutions."
Waltop’s EM digitizer module offers mobile users a natural handwriting experience. The Company has been granted over 200 patents around the world. Its slim, light-weight and battery-free pen can fit easily in smartphones, phablets and tablet PCs, helping mobile device makers address growing end-user demand for effective drawing and writing functionality.
About Waltop International Corp.
Waltop is a global leader in electromagnetic (EM) based pen-input design and manufacturing. Waltop EM digitizer can be integrated into smartphones, tablets, NB and AIO computers, turning them into writing devices. Waltop’s EM stylus provides native writing experience with high precision and high resolution design and 1024 (or above) levels of pressure sensing, which altogether make writing on digital devices as intuitive as a native pen-paper writing experience. Taking notes and sharing digitally hence becomes easy. In 2010, Waltop was the first company in Taiwan that released the EM module for e-book applications. In 2013, Waltop proudly released the world’s slimmest stylus, in a diameter of only 4.5mm. Waltop is headquartered in Hsinchu, Taiwan. The company’s customers include the world’s leading smart mobile device makers and solution providers in the U.S., EMEA, Korea, Japan, China and Taiwan. For more information about Waltop, please visit www.waltop.com
About Intel Capital
Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,322 companies in 54 countries. In that timeframe, 204 portfolio companies have gone public on various exchanges around the world and 336 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.comor follow @Intelcapital.
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