PROPHESEE establishes regional headquarters in Hong Kong to accelerate global business expansion

Further promoting the application of neuromorphic artificial intelligence technology in Asia

HONG KONG – December 12, 2023 – With the assistance of InvestHK of the Hong Kong SAR Government, PROPHESEE today announced the establishment of a regional headquarters in Hong Kong to further promote the application of neuromorphic artificial intelligence technology across Asia.

Dr Jimmy Chiang, Associate Director-General of Investment Promotion, said:

“Invest Hong Kong welcomes Prophesee’s ‘settlement’ in Hong Kong. We are happy to see that the company capitalises on the city’s advantages in research and development (R&D) capabilities, advanced technology infrastructure, legal system and deep pool of local talent to set up its regional headquarter in Hong Kong. With opportunities brought by the National 14th Five-Year Plan and the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Konghas become a strategic hub to help innovative companies like Prophesee expand their markets. “

Mr. Luca Verre, co-founder and CEO of Prophesee, said:

“Prophesee is committed to promoting the adoption of the neuromorphic AI technology in mass market segments such as mobile phones, augmented reality or virtual reality headsets, internet of things (IoT) cameras, as well as industrial automation and automotive sectors. The Greater China and the broader Asia markets represent the largest and fastest growing markets for many of these segments. As we are accelerating our commercial expansion and are already achieving wins with major mobile manufacturers and IoT solution providers in the Greater China region, we think it’s an optimal time to come to Hong Kong and make it a regional centre for our further expansion in Asia.”

Luca Verre added that the new Hong Kong office is not only Prophesee’s regional headquarters in the Asia Pacific region, but also a Customer Innovation Centre, responsible for coordinating business operations in Greater China, Japan and South Korea, while developing innovative neuromorphic solutions for customers around the world. The company will be transferring and also hiring senior executive team members in Hong Kong to facilitate the process.

Prophesee develops a breakthrough Event-Based Vision approach to machine vision. This new vision category allows for significant reduction of power, latency and data processing requirements to reveal what was invisible to traditional frame-based sensors until now.

For more information about Prophesee, please visit www.prophesee-cn.com.

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