XGimi, a high-tech company located in Chengdu Tianfu Software Park, has taken the initiative to introduce the concept of the screenless TV - based on the emergence of Intelligent Pico Projectors, which have now become a preferred option for an increasing number of TV viewers.
XGimi Technology has received Pre-B investment valued 300 million yuan from Mango Media and Huole Technology (Nut) has received a B-round investment of 200 million yuan from Green Pine Capital, TIMESBOLE and SkyChee Ventures.
Since 2015, Intelligent Pico Projectors, which have an independent operation system, UI interactive interface and wireless network access have enjoyed growing popularity in the domestic (Chinese) market.
In 2006, the international manufacturer launched the pocket projectors and following this the China domestic manufacturers of Pico projectors were then established.
In 2012, XGimi's founder started the research on intelligent Pico projectors.
In 2013, XGimi Technology initiated the concept of "screenless TV", and the intelligent projection products started to gain popularity.
Analysis's 2015 report on China's Pico projectors for household use shows that Pico projectors play a central role in the system of intelligent life. As China's market enjoys vigorous growth, the global sales of Pico projectors totaled 811,800 units in 2015. Following this, BENQ, Haier, Whaley and XGimi have explored this emerging market.
XGimi's founder and CEO Zhong Bo stated: "The screenless TV is an inevitable product of intelligent Pico projectors. XGimi screenless TV involves the same video decoding system and picture optimizing engine as the intelligent TV. It uses many TV-related algorithms and system basis optimizations like dynamic noise reduction and dynamic contrast and definition so that it has an excellent audio-visual experience."
The development and popularity of the intelligent projector is gradually triggering a different market landscape. Zhong further adds, if VR products are fully immersive single-person equipment, the screenless TV can be described as multi-person and even family-based immersive equipment. As screenless TVs evolve and the technological innovation continues, Zhong continues: "people seem to be part of the science fiction films of the future."
If the users' demands are examined, the data from movies, sports events, motion sensing games, families, offices and travels indicate that China's intelligent Pico projector market is expected to reach 3.16 billion yuan in 2016 and 6.92 billion yuan in 2017, which would be an increase of 145%.
Zhong is positive about the steady entrepreneurship environment, abundant talent resources and technological innovative companies in Chengdu.
As the company continues to grow in Chengdu, XGimi has taken its first step in foreign markets. As Zhong disclosed, the company will treat the United States as the first step of its global development strategy. After all, the United States is a window to the communication of information across the world. He's convinced that the company will grow into a global brand in the next five years.
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SOURCE Chengdu Tianfu Software Park