Sasken Technologies Ltd. (BSE: 532663, NSE: SASKEN), a leading product engineering and digital transformation services provider, today announced that it has become a part of MediaTek Inc's (TWSE: 2454) Rich IoT program.
MediaTek's Rich IoT program features a series of AI-supported chipset platforms that are highly integrated with ultra-low power consumption to maximize battery life and deliver superior computing power. Through its Rich IoT program, MediaTek is spurring AI innovation with its platforms that enterprises, startups, emerging brands and leading OEMs in diverse markets can use to design a wide range of IoT devices with edge-AI capabilities, provide new user experiences, and address new market opportunities. As part of the Rich IoT ecosystem, Sasken will leverage its extensive knowledge of silicon platforms, connectivity, imaging, and smartphone integration to make home and industrial appliances more intelligent.
"Sasken has more than a decade of experience in utilizing MediaTek's chipsets, and we are delighted to collaborate with MediaTek to enable next-gen appliances for smart home and smart enterprise applications that will significantly enhance the spectrum of services for both segments," said Satish Burli, VP and Head-Product Engineering Services, Sasken. "Sasken and MediaTek teamed up on a joint go-to-market plan that leverages our respective strengths to enable device manufacturers to build trail-blazing products," he added.
"Our Rich IoT program is enabling our partners to address the surging market demand for smart devices with AI-powered voice assistant, display, and vision capabilities," said Mohit Bhushan, VP and GM of US Business Development, MediaTek. "Sasken, with its extensive expertise in MediaTek chipsets, is a great addition to our Rich IoT partner ecosystem. We look forward to working with Sasken in enabling our customers to innovate and develop products across the home and industrial segments," he added.
At CES 2020, Sasken and MediaTek will be presenting an immersive home appliance experience that will enable visitors to experience the power that IoT can bring to serve customers' needs in an intelligent way.
Shares of Sasken Technologies Ltd was last trading in BSE at Rs.582.4 as compared to the previous close of Rs. 579.75. The total number of shares traded during the day was 4363 in over 348 trades.
The stock hit an intraday high of Rs. 615.35 and intraday low of 582.4. The net turnover during the day was Rs. 2578951.