Neoway Technology
Neoway Technology is a hi-tech enterprise dedicated to providing communications products and services for Industrial Internet of Things.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | BRL1.8b Valuation: BRL1.8b | Acquisition | |
| Total Funding | 000k | ||
Established on October 18, 2006, Neoway Technology Co., Ltd. (stock code: 688159.SH) operates as a specialized provider of access communication products and services for the Industrial Internet of Things (IIoT). The company is chaired by Wang Kang, who also serves as General Manager. Neoway became a publicly listed company with an IPO on the Shanghai Stock Exchange in January 2020.
Neoway's business model centers on the research, development, and sales of IoT wireless communication modules, terminals, and comprehensive solutions. It serves a diverse client base that includes IIoT service providers and smart connected product manufacturers across sectors like Smart Energy, Internet of Vehicles (IoV), Smart Manufacturing, Commercial Retail, and Smart Cities. The company has established a significant market presence, particularly in China's smart grid sector, where it has maintained a leading market share for over a decade. Revenue is generated through the sale of its hardware products and integrated service solutions.
The company's product portfolio is extensive, featuring a range of cellular modules covering 2G, 3G, 4G, 5G, NB-IoT, and eMTC technologies. A key offering is its "cloud-pipe-device" architecture, which provides an end-to-end access communication solution. This includes the "neoaccess cloud," a one-stop platform for building communication access and application development systems, and the "neopipe cloud," an IoT management platform for monitoring, diagnostics, and optimization of wireless communication. Neoway has produced several notable products, such as the world's first single-chip industrial GPRS module (M590) and has expanded into automotive-grade modules for V2X (Vehicle-to-Everything) applications. The company emphasizes research and development, with R&D staff comprising a significant portion of its workforce.
Keywords: IoT communication, cellular modules, Industrial Internet of Things, IIoT, M2M, smart energy, smart grid, vehicle-to-everything, V2X, telematics, smart city, commercial retail, 5G modules, NB-IoT, cloud platform, IoT solutions, access communications, embedded systems, wireless communication, Shanghai Stock Exchange, 688159.SH, smart manufacturing, IoT devices, connectivity solutions