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Eyeing the Potential of Innovation and Technology Development in Asia

Specialising in sensing, processing and powering technologies, Teledyne e2v recently expanded its regional headquarters in Hong Kong in the midst of rapid growth in the region.

Since its establishment in the 1960’s, US company Teledyne Technologies provides enabling technologies for a diverse range of markets that require advanced technology and high reliability, including deepwater oil and gas exploration and production, oceanographic research, air and water quality environmental monitoring, factory automation and medical imaging.  In March 2017, the company acquired UK company, e2v, which is also specialised in producing high performance RF & microwave, Imaging and Semiconductor based products and solutions, and became Teledyne e2v. The Asia Pacific headquarters of Teledyne moved to a brand new facility in the Hong Kong Science Park in the latter half of 2017. 

According to Anthony Fernandez, Vice President of Asia Pacific, there are two main reasons why the company selected Hong Kong as their regional headquarters. “With the majority of our customers being based in Northern Asia, mainly Mainland China, Japan and South Korea, our office needs to be located in a strategic geographic location that enables quick customer support. Also, the transparent legal and financial structures that we are familiar with give us confidence in doing business here.”

The Hong Kong office has a team of 20 playing a key role in supporting and integrating growing its Asian presence. The team provides sales and marketing, application development, technical and operational support to customers across the region. In addition, the company also has offices in Shenzhen, Beijing, Yokohama, Seoul and Taipei.

InvestHK has been providing ongoing support since e2v’s first set up in Hong Kong, including assistance with company registration, bank account opening and staff recruitment, and now the expansion of Teledyne e2v in the city. 

Promising Innovation and Technology Ecosystem

Fernandez is positive about the innovation and technology ecosystem in Hong Kong. “We are glad to see there are many technology startups in the Science Park here. A lot are driving the development of Artificial Intelligence (AI) and Industry 4.0 that creates smart factory. Being part of the technology community, we can strengthen our ties with existing business partners and extend our reach to new customers in the region.” He added, “There are some of the best universities with lots of excellent talent, along with returning students from overseas, we can find a strong pool of very talented engineers here.”

Looking ahead, the company continues to conduct more technology and application development in Hong Kong, as the customer base in Asia is growing rapidly and they need local support to drive innovation and R&D. “It gives us tremendous opportunities in collaborating with customers and co-innovating customised products. We foresee there will be more development in Hong Kong and in Asia, especially for advanced technology applications”, Fernandez enthused.

 

16.04.2018

Fast Facts

  • Globally recognised for more than 60 years of commitment and technological breakthroughs in the provision of high reliability solution, sub-systems and components to the most demanding of professional markets
  • The Asia Pacific headquarters is located in Hong Kong with other fiver offices in the region

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