Securities code: Appotronics Corporation Limited(688007) securities abbreviation: Appotronics Corporation Limited(688007) Announcement No.: 2022033 Appotronics Corporation Limited(688007)
About the voluntary disclosure of the company’s acquisition of IATF 16949
Announcement of quality management system certification in automobile industry
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
1、 Certificate obtained
Appotronics Corporation Limited(688007) (hereinafter referred to as “the company” or ” Appotronics Corporation Limited(688007) “) recently obtained IATF 169492016 quality management system certification. The details are as follows:
1. IATF Registration No.: 0447188-loc
2. Quality management system meets the standard: iatf169492016
3. Coverage of quality management system: design and manufacture of laser optical engine and projector
4. Date of issuance: March 29, 2022
5. Valid until: March 28, 2023
2、 Impact on the company
IATF 16949 is a quality management system issued by the international automotive working group (IATF) and recognized by the international standards organization (ISO) Appotronics Corporation Limited(688007) through the certification of the system, it shows that the design and manufacture of the company’s on-board laser optical engine and projector fully meet the requirements of iatf169492016 quality management system. The IATF Certification indicates that the company has obtained the access permit to enter the supply chain of the automotive industry at home and abroad, which has a positive impact on the company’s further expansion of on-board laser projection display business.
The intellectualization of automobile has become the development trend in the field of automobile in the future. The intelligent cockpit puts forward new requirements for on-board display, which stimulates the innovative application of laser projection display in on-board display, such as providing driving assistance, human-computer interaction experience and entertainment of passengers, including roof canopy, window transparent display, entertainment screen, ar-hud, smart surface, intelligent laser headlamp, etc. the on-board display has a broad market space.
The design and manufacture of the company’s laser optical engine and projector have the advantages of high brightness, small volume, strong stability and compatibility with long focus and ultra short focus display. Without affecting the permeability, it can turn any surface into a display screen and create an immersive interactive experience of mobile large screen. On the basis of IATF certification, the company will continue to expand the front loading market and rear loading market business of on-board display, and strengthen multi-level and all-round cooperation with vehicle manufacturers and primary suppliers.
At the same time, IATF certification is one of the standards of international quality system. Obtaining IATF certification is conducive to continuously promoting the continuous upgrading of the company’s R & D system, supply chain system and quality management system.
3、 Risk tips
1. This IATF certification is valid for one year and belongs to the basic market access threshold. As the company continues to optimize the quality management process related to the on-board display business and improve the quality management ability, the company will actively promote the system certification according to the requirements of IATF certification and continuously obtain IATF certification.
2. At present, the company has successfully cooperated with some vehicle manufacturers and primary suppliers, but the company’s on-board projection business is still in the stage of research and development and has not yet formed the main business income. IATF certification will not have a significant impact on the company’s operating performance for the time being.
3. Intelligent cockpit scene is a relatively new application market for laser display. According to the different needs of automobile manufacturers or primary suppliers, the company provides customized development of on-board display devices or supporting systems. At this stage, it is vulnerable to some uncertain factors, including but not limited to the changes in the market environment of on-board display, the company’s product R & D ability, the promotion effect of future market and many other factors. Please pay attention to the investment risk.
It is hereby announced.
Appotronics Corporation Limited(688007) board of directors April 18, 2022
