Story image

NZ's Rakon strikes deal with Huawei

20 Aug 2012

Rakon has agreed a deal with Chinese company Huawei Technologies, quadrupling its sales to US$56m over the next five years.

A letter of intent, to be signed today at the New Zealand Trade and Enterprise’s office, will confirm the deal with the Auckland-based company.

After working closely with the company for some years, Huawei says it will use Rakon’s frequent control products in its handsets, smart devices and infrastructure programmes.

"The letter of intent recognises the greater scale and breadth of our product range, validates our commitment to a strategy of globalisation and our investment in operations in China," says Brent Robinson, Rakon managing director.

Founded in 1967, Rakon hopes to see the full effect of the deal by 2017, during a year that has so far saw the company's full-year earnings before interest, tax, depreciation and amortisation fall 47% to $13m.

“This is a significant partnership for Huawei, with Rakon providing crucial electronic components,” Huawei says.

“Huawei’s supply chain is truly global, with only the most impressive and competitive suppliers selected.

“Rakon’s success is testament to New Zealand’s ability to produce world-leading products and innovations.”

Gartner: AI to reduce project management workload
80% of the work performed project management teams will be taken over by AI by 2030, starting this year.
Microsoft Teams’ eight new and upcoming features
After taking Best in Show at Enterprise Connect, Microsoft Teams will be seeing eight new capabilities over 2019.
IDC: NZ's PC market surprise growth will not last
Despite the growth witnessed at the end of 2018, IDC predicts that New Zealand’s traditional PC market in 2019 will decline by -4.4% YoY.
OutSystems and Boncode team up for better code analysis
The Boncode and OutSystems alliance aims to help organisations to build fast and feel comfortable that the work they're delivering is at peak quality levels.
Vector penalised $3.5 million for excessive levels of power outages
''Given the impact electricity outages have on consumers and businesses it is crucial that lines companies have systems in place to identify and manage the risks present in their networks."
Digital spending to hit US$1.2 trillion by 2022
A recent study by Zinnov shows that IoT spend reached US$201 billion in 2018 while outsourcing service providers generated $40 billion in revenue.
Microsoft offers Government free digital skills training
Upwards of 60 workshops will be offered, aimed at giving staff a vital grounding in cloud technologies, artificial intelligence and other skills.
Google certifies Panasonic rugged devices for enterprise
The Toughbook T1 and N1 handhelds meet all requirements for Google’s rugged Android certification.