NORWOOD, Mass.--(BUSINESS WIRE)--
Analog
Devices, Inc. (NASDAQ: ADI) today announced a strategic relationship
with China Mobile IoT (CMIOT), a wholly owned subsidiary of China Mobile
Communications Corporation (CMCC), one of the world's largest
telecommunications companies. At a ceremony in Chongqing, China, the
companies signed a Memorandum of Understanding (MOU), communicating
their shared commitment to advancing internet-connected applications
around the world.
Both global leaders in the Internet of Things (IoT) ecosystem, Analog
Devices and China Mobile IoT expect to collaborate to develop IoT
solutions for customers across industries. Through this milestone
cooperation, the companies will work together to enable customer
outcomes such as higher efficiencies and safer environments, by bringing
the best of each organization's capabilities to the entire spectrum of
IoT technology, from the sensor level through to the cloud.
"Strengthening our relationship with China Mobile Communications Corp.
through this engagement with China Mobile IoT affords us a tremendous
opportunity to more deeply understand the needs of our global
telecommunications customers with the goal of ultimately creating more
effective solutions for a range of industries," said Vincent Roche,
President and CEO, Analog Devices. "We are honored to be able to learn
from the company's deep heritage of innovation, particularly at the
holistic systems level, where CMCC leads with unparalleled reach in
telecom and cloud network technology."
Analog Devices and CMIOT will explore advances in internet-enabled
technologies impacting individuals across the globe. From buildings to
transportation, energy systems, environmental quality monitoring,
personal healthcare and vehicle-to-infrastructure communications, smart
- or internet-enabled - systems are becoming an increasingly significant
component of daily life. To enable these smart capabilities, Analog
Devices converts data into valuable and actionable information and
develops platform-level solutions that help customers design and deploy
intelligent solutions faster and more cost effectively.
"Collaborating with Analog Devices allows us to expand our connectivity
capabilities in key markets including industrial ecosystems and
applications by incorporating Analog Devices' decades-long expertise in
sensing node and connectivity technology," said Qiao Hui, general
manager, China Mobile IoT. "Through this collaboration, we can better
equip our technical staff with the knowledge they need to enable further
innovation at the sensor level. The opportunity and benefits this
provides both Analog Devices and CMIOT are significant, and we are
pleased to launch what we see as a long and productive cooperative
relationship."
To learn more about Analog Devices, please visit www.analog.com.
About Analog Devices
Analog Devices (NASDAQ: ADI) is the
leading global high-performance analog technology company dedicated to
solving the toughest engineering challenges. We enable our customers to
interpret the world around us by intelligently bridging the physical and
digital with unmatched technologies that sense, measure, power, connect
and interpret. Visit http://www.analog.com.
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About China Mobile IoT
China
Mobile IoT Company Limited is a wholly owned subsidiary of China
Mobile. Based on the overall strategy of China Mobile, China Mobile IoT
Company aims to become the supporter of IoT business services, the
provider of IoT chips & modules and the promoter of IoT products &
applications. In practice, China Mobile IoT focuses on operating IoT
private network, designing IoT chips and modules, producing IoV, smart
home applications and wearable, developing IoT open platform One Net,
promoting IoT solutions, which makes a comprehensive architecture name
"Cloud-Pipeline-Device."
This release may be deemed to contain forward-looking statements
intended to qualify for the safe harbor from liability established by
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, among other things, our statements
regarding the expected opportunities, benefits and developments
associated with the memorandum of understanding and strategic
relationship with China Mobile IoT, including the anticipated
advancements in technologies, solutions and product development efforts
and offerings, that are based on our current expectations, beliefs,
assumptions, estimates, forecasts, and projections about the industry
and markets in which Analog Devices operates. The statements contained
in this release are not guarantees of future performance, are inherently
uncertain, involve certain risks, uncertainties, and assumptions that
are difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed in such forward-looking
statements, and such statements should not be relied upon as
representing Analog Devices' expectations or beliefs as of any date
subsequent to the date of this press release. Important factors that
could cause actual results to differ materially from the results
described, implied or projected in any forward-looking statements
include difficulty or delay in our design, development, production and
marketing of products, technologies and solutions, including those
associated with the memorandum of understanding and strategic
relationship with China Mobile IoT and other risk factors described in
our most recent filings with the Securities and Exchange Commission. We
do not undertake any obligation to update forward-looking statements
made by us.
(ADI-WEB)
View source version on businesswire.com: http://www.businesswire.com/news/home/20171030005112/en/
Analog Devices, Inc.
Karen Marinella Hall, 781-461-3549
Manager,
External Communications
Karen.MarinellaHall@analog.com
Source: Analog Devices, Inc.
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