WeTouch Launches Taiwan Office, Targets $10M in Annual Revenue with NOVAKON Partnership.

WeTouch Technology has launched a Taiwan office, targeting $10 million in annual revenue. The company has secured a strategic partnership with Taiwanese automation firm NOVAKON and anticipates continued growth in the Asia-Pacific region's automation and electronics sectors. WeTouch aims to invest in local talent, infrastructure, and partnerships to support its long-term growth.

WeTouch Technology Inc. has officially launched its Taiwan office, marking a significant milestone in the company's expansion into the Asia-Pacific region. The new office aims to capitalize on the robust industrial ecosystem and high-potential export networks of Taiwan, as well as strengthen ties with the broader cross-strait and global supply chains.

The launch follows WeTouch's successful rollout in Korea and is strategically positioned to support the company's growth ambitions. WeTouch has entered into a cooperation agreement with NOVAKON, a leading Taiwanese automation company, and the initial order from NOVAKON is already in the fulfillment stage [1].

WeTouch anticipates that its Taiwan operations will generate approximately $10 million in annual revenue, driven by increasing demand across the automation, electronics, and high-value export sectors. The company plans to further invest in local talent, infrastructure, and strategic partnerships to support its long-term growth.

Mr. Zongyi Lian, CEO of WeTouch Technology Inc., noted, "The Taiwan area is not just a market - it's a strategic bridge between advanced manufacturing and high-potential export networks. This early success with NOVAKON affirms our local execution capabilities and validates our belief that deep localization is the key to long-term regional success."

WeTouch expects to complete its fiscal year 2024 audit by the end of August 2025, aligning with its reporting and disclosure schedule.

References:
[1] https://finance.yahoo.com/news/wetouch-launches-taiwan-office-targeting-133000749.html