Googol Technology Lists on Shenzhen Stock Exchange's ChiNext Board

Industrials, Technology Author: Notrice Aug 17, 2023 10:21 AM (GMT+8)

According to EqualOcean, on August 15th, Googol Technology Co., Ltd.(固高科技股份有限公司), a motion control product supplier, was officially listed on the ChiNext board of the Shenzhen Stock Exchange. The initial offering price of the stocks was set at CNY 12 per share, with an opening price of CNY 75 per share, leading to an impressive 525% increase.

Industrial robot

Since its establishment, Googol Technology has received investments from institutions such as Guangyuan Automation(光远自动化), Macau Automation(澳门明杰), GRC Sinogreen Fund(国富绿景), Costone Capital(基石资本), Lenovo Capital and Incubator Group(联想创投), Hong Kong University of Science and Technology(香港科技大学), and Shunxi Private Equity Investment Fund(顺禧基金).

Founded in Shenzhen in 1999, Googol Technology was established by three renowned scholars from the Hong Kong University of Science and Technology: Li Zexiang(李泽湘), Gao Bingqiang(高秉强), and Wu Hong(吴宏).The company's operations encompass areas such as motion controllers, electronic processing equipment, computer software, and automation technology development. As the first high-tech enterprise in the Asia-Pacific region to focus on core technology development in motion control and intelligent manufacturing, Googol Technology possesses several proprietary intellectual property rights.

As a leading domestic supplier of motion control products, Googol Technology has been honored with titles such as "National High-tech Enterprise" and "Guangdong Industry-University-Research Demonstration Base." The company has also played a significant role in the "Shenzhen-Hong Kong Innovation Circle" equipment manufacturing core technology platform. Serving as the sole motion control technology engineering center in Shenzhen, the company offers robust support to high-tech enterprises. Googol Technology also leverages its expertise in integrating university resources and research advantages to provide system integrators and equipment manufacturers with open, reconfigurable, and fully interconnected high-end equipment control development platforms. This assistance helps clients lower their technological development thresholds, reduce product development cycles, and swiftly achieve the industrialization of high-end equipment.

Googol Technology stays attuned to the pulse of industry development, leading to a diverse product matrix centered around motion control technology. Encompassing core motion control components, systems, and complete machines, these products find wide application in fields such as semiconductor equipment, industrial robots, CNC machine tools, 3C automation and testing devices, printing and packaging equipment, and textile machinery manufacturing.

As per information obtained by EqualOcean from the company's official website, Googol Technology has deployed over 600,000 sets of motion control systems for nearly 60 industries, more than 2,000 clients, and over 200 system integrators. Its domestic marketing and service network covers major cities including Beijing, Shanghai, Xi'an, Wuhan, and Shenzhen, while its presence extends to about 30 countries and regions in Southeast Asia, the Middle East, Europe, and the Americas.

According to data from global market research firm Interact Analysis, the Asia-Pacific region occupied 37% of the global motion control market share in 2022, with Europe, the Middle East, and Africa accounting for 33%. Japan and the Americas followed with 16% and 14% respectively. The global motion control market is projected to reach a value of USD 18.9 billion by 2023. Leading companies in the motion control sector include DeltaTau, ACS, ParkerHannifin, Trio, GALIL, Kollmorgen, and Infranor Inter.

The funds raised by Googol Technology in this offering will be allocated towards projects related to the industrialization, digitization, and intelligent upgrading of motion control systems, as well as core technological research and innovation in motion control.