Photo - Soong Jan Hsung, Chief Executive Officer, ECS ICT Berhad
Malaysian distributor ECS ICT Berhad has entered the wearable technologies market by winning the rights to distribute several smartwatches including Apple Watch, Motorola's Moto 360 and Asus ZenWatch 2.
ECS ICT chief executive officer Soong Jan Hsung said that ECS Astar, a wholly-owned subsidiary of ECS, will distribute the three latest smartwatches and other wearable devices through ECS' network of more than 5,000-strong resellers nationwide, consisting of IT and mobile retailers, consumer electronic chain stores, ecommerce sites and the Group's newly-established watch channel.
"Our foray into the new wearables segment cements ECS as the leading ICT distributor that is constantly in the forefront by bringing trend-setting technologies to the market," said Soong.
"The prospects of this segment are certainly exciting, as we will be able to provide our principals market penetration as quickly as Malaysians are receptive to these new devices," he said.
"We are very optimistic that this wearables segment has significant growth potential and will contribute positively to the Group's performance from this financial year onwards," said Soong, citing IDC's 2015 estimates that the worldwide wearable device market will reach a total of 111 million units in 2016, growing 44 percent from 80 million units in 2015.
IDC also predicted that by 2019, that number is set to jump to 215 million units, on a compounded annual growth rate of 28 percent, he said.
"The go-ahead from our reputable principals is a strong affirmation of our competencies in distribution," said Soong. "Over the [past 30 years], we have set a track record of growing our various segments, including the notebook and mobility products division."
"We aim to replicate this success in the wearables category, by adding more products within the segment as well as growing our distribution touchpoints," he said. "In the near future, we endeavour to introduce more brands to expand our wearables portfolio to provide users the freedom of choice."
ECS ICT Berhad (ECS), an MSC-status (Multimedia Supercorridor) company, and its group of subsidiaries started in 1985 with the establishment of ECS KU. The Group is a distribution hub for Information & Communications Technology (ICT) products in Malaysia via ECS Astar and ECS Pericomp.
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