According to the announcement of the Shenzhen Stock Exchange, industrial automation company Beijing GWYke Electrical Technology Co., LTD. (referred to as: Gwyke) is steadily advancing the GEM IPO process, the company will be launched on September 27.

According to the prospectus, Gaowick is a high-tech enterprise specializing in the research and development, production and sales of core products of industrial automation, digital integrated services and automation control systems. Since its establishment, the company has always attached importance to technology research and development, constantly improve the industrial automation, digital system solution capabilities, and enter the upstream automation core product research and development, manufacturing field. The main businesses of the company’s industrial automation integrated services include technology integration product sales, automation control system integration and automation product distribution.

Shenzhen Microsecond is mainly engaged in the research and development and manufacturing of motion control products, and has long focused on the research of core technologies such as motion control technology and servo drive technology, and has accumulated profound basic innovation in the field of automation control. And continue to launch a series of core products in the field of motion control, such as PCM series small PLC, PC5M series medium-sized PLC, 300/700 series AC servo system, 400/500/601 series low-voltage DC servo system, to help customers quickly realize the industrialization of high-end equipment and key processes.

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With more than 20 years of experience in the field of industrial automation, Galwaco has increased its understanding and experience in the deep integration of automation control technology with specific industry processes, and has made deep improvements in combination with new automation control concepts and technologies, making it the company’s proprietary technology. The accumulation of relevant technologies is conducive to shortening the development time and debugging time of the company’s technical personnel in new projects, improving the stability and reliability of the system, reducing costs, enhancing competitiveness and market reputation, and gaining wide recognition from customers in various industries.

Not only that, Galwaco has also established an integrated, standardized “one-stop” service system that focuses on customer needs and covers the whole country. At present, it has set up 15 subsidiaries in the country, distributed in a number of provincial administrative regions, and initially formed a distribution network covering the main economic regions of the country. With strong sales channels, Galwaco has become an important partner of Mitsubishi, Schneider, SMC, Sanyang, Siemens, ABB and other multinational companies, and has strong industry competitiveness in the field of industrial automation services.

The IPO intends to raise about 332 million yuan, which will respectively invest in microsecond motion control product projects, functional and technical service center construction projects and intelligent manufacturing software platform construction projects. Talking about the future, the company said that it will continue to focus on providing industrial automation, digital integrated services, as well as the research and development and manufacturing of core products of motion control, so as to further expand its market share, maintain its market leading position, and carry out industrial layout through capitalization operation and scale expansion, and continuously enrich and improve the product service structure. Further strengthen the company’s core competitiveness, and strive to build itself into an excellent enterprise with industry influence.