Hangzhou, China – Hangzhou uPowerTek Co., Ltd. (“uPowerTek”) is excited to announce that we have officially entered into a deep strategic partnership with Qingdao Richmat Intelligence Technology Inc. (“Richmat”, Stock Code: 301320), a prominent leader in the linear drive industry listed on the Shenzhen Stock Exchange. Under this landmark agreement, Richmat has acquired a 53% stake in uPowerTek, marking the beginning of a new chapter in our journey toward global leadership in intelligent driving solutions.
This partnership unites uPowerTek’s decade of specialized expertise in high-power smart LED drivers with Richmat’s extensive manufacturing capabilities, global supply chain, and robust financial platform.
A Stronger Future Together
By integrating our strengths with Richmat’s resources, we are poised to deliver unprecedented value to our customers through three core pillars:
- Zero Disruption & Operational Stability: uPowerTek’s core management, R&D teams, and your existing points of contact will remain completely unchanged. We are committed to maintaining the high-quality service and technical excellence that our partners have come to expect over the last ten years.
- Accelerated Technological Innovation: With the backing of Richmat’s R&D funding and experimental platforms, we will significantly shorten the development cycle for our next generation of ultra-efficient drivers and advanced smart control solutions.
- Resilient Global Supply Chain: Our customers will benefit from an upgraded manufacturing capacity and a more resilient global delivery system. Notably, this includes the addition of a dedicated LED driver production line in Thailand, ensuring better support for international projects and enhanced flexibility in the global market.
A Shared Vision
“This partnership is a resonance of technology and scale,” said the management of uPowerTek. “With Richmat’s support, uPowerTek will transition into a platform-based development phase, allowing us to focus more deeply on technological breakthroughs while leveraging a world-class manufacturing network.”
We are thrilled to bring you even better products and stronger support in this new chapter. Thank you for your continued trust in uPowerTek as we co-create the future of intelligent lighting.
