Stock Code:601869.SH / 06869.HK

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YOFC's EverPro Secured Series A Funding

  • 2021-03-01
  • 441
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EverPro Technologies Company Ltd (EverPro), a subsidiary of Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) (Stock Code: 601869.SH, 06869.HK) has secured a significant Series A funding of nearly CNY 300 million. It sets a record in AOC optical interconnection sector and the fund is expected to take the company to the next level by optimizing chip R&D, automatic production and market expansion. The investment was led by KQ Capital, joined by  other investors such as Sunic Capital.

 

EverPro is a high-tech enterprise engaged in the research and development, production, and sales of optoelectronic chips, OE engine, high-speed AOC interconnection, and other products. Its products and solutions are primarily applied to fields such as ultra-high definition videos, virtual reality, medical systems, machine vision, and data centers. It is a supplier of many well-known giants overseas. It leverages its two core technical advantages (independently developed photoelectric conversion chips, and consumer-grade specialty optical fibres) to build a complete industrial chain of AOC products with the optimal combination of optics and electricity, making it highly competitive in design, research and development, manufacturing, and marketing.

 

Mr. Zhuang Dan, Chairman of EverPro, stated that: "EverPro’s core technologies in chips and specialty optical fibres allow our products to have diverse applications. Their features such as ultra-high bandwidth and speed, ultra-long distance transmission without attenuation, softer, finer and lighter fibres, as well as strong resistance to electromagnetic interference all make them highly competitive products. We believe that this round of funding will take EverPro to new heights."

 

Mr. Nian Jieping, a partner of KQ Capital, said: "In just a few years, EverPro has grown rapidly and garnered a high reputation within the industry. We have confidence in the company’s in-depth understanding of industry applications and its ability to deliver customized products at scale. We believe that the company will achieve leapfrog development in the future."

 

With the mission of "Innovate Optical-electrical Technology, Connect Better Life", EverPro is committed to being the global leader in optical interconnections of terminals.

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