Advantech spins off automation business

K.C. Liu, Advantech Computers Ltd.'s founder and ceo, recently announced its automation business will be established as a separate company—Advantech Automation Corp. (AAC). AAC will prepare for NASDAQ listing and an IPO expected in 2003. Its goal will be to achieve $150 million sales and $500 million market capitalization value by 2003.

By Staff September 1, 2000

Taipei, Taiwan K.C. Liu, Advantech Computers Ltd.’s founder and ceo, recently announced its automation business will be established as a separate company—Advantech Automation Corp. (AAC). AAC will prepare for NASDAQ listing and an IPO expected in 2003. Its goal will be to achieve $150 million sales and $500 million market capitalization value by 2003. Mr. Liu adds four trends are increasingly driving business decisions: web technologies’ growing domination of the factory; Ethernet’s emergence as the most popular fieldbus; front-end devices containing embedded CPUs and web browsers; and a likely reshuffling of key players in the market. For example, Mike Rothwell, Advantech’s Cincinnati-based product manager, recently introduced its web-enabled products—WebLink, WebView, and WebControl—along with a data gateway for serial-to-Ethernet communications. Advantech’s Adam I/O series now has Ethernet communication capabilities. For more information, visit www.controleng.com/freeinfo .