SYDNEY: Nanoveu Limited (ASX: NVU) has reached an agreement to acquire 100% of the fully paid ordinary shares in Embedded A.I. Systems Pte. Ltd (EMASS), which holds a proprietary, semiconductor system on a Chip (SoC) business and intellectual property (IP) portfolio.

This acquisition is a key milestone in Nanoveu’s strategic growth, enabling the integration of EMASS’ cutting-edge SoC technology into the EyeFly3DTM platform while also positioning Nanoveu to enter the high-growth Semiconductor and SoC market across multiple high-tech industries.

As consideration and subject to shareholder approval, the company will issue A$5 million in fully paid ordinary shares in Nanoveu (with a deemed issue price of $0.029 per Share) and 83,333,333 performance rights that are directly linked to EMASS and its integration with Nanoveu’s EyeFly3DTM platform, which align incentives with key commercialisation milestones.

Commenting on the acquisition, Alfred Chong, Managing Director, and CEO of Nanoveu said, “As recent market interest in our EyeFly3D™ technology has grown significantly, we embarked on a search for the best-in-class solution to further increase its commercialisation opportunities.

The agreement to acquire EMASS marks a pivotal moment for Nanoveu, positioning us to deliver superior, glasses-free 3D experiences across a broader range of devices and industries.

The EMASS acquisition also positions Nanoveu to capitalise on the rising global demand for high-performance SoCs capable of supporting more complex AI computations on low-power devices.”

THE IMPORTANCE OF SOC TECHNOLOGY

A System on a Chip (SoC) is a highly integrated semiconductor that consolidates all the essential components of a computer (such as a CPU & GPU, memory, network communications and input/output controls) all within a single chip.

This integration allows devices to perform complex tasks, such as AI acceleration, data processing, 3D graphics rendering and wireless communication, in a much smaller, more power-efficient chip.

SoCs are commonly used in portable devices like smartphones, wearables, medical and IoT devices, where space is limited and efficiency of power consumption is critical.

The importance of SoCs lies in the technology’s ability to perform multiple complex tasks while consuming minimal energy. This makes SoCs ideal for devices that need to process large amounts of data quickly with low power consumption.

The demand for more efficient SoCs is rapidly expanding as technologies like AI, 5G, 3D rendering, and augmented reality demand more processing power from smaller devices “at the edge” (i.e. locally on the device) without the need for cloud processing.

Integration of EMASS’ ultra-low power SoCs into the EyeFly3D platform will provide Nanoveu with a unique competitive edge to meet the growing market need for energy-efficient AI-enabled hardware  and 3D capabilities across a growing range of portable devices in a wide range of industries.