The year 2023 was a challenging one. Amidst this year full of challenges and uncertainties, Nanjing Baituo Visual Technology Co., Ltd. (hereinafter referred to as "Baituo Visual") advanced steadily with unwavering determination and unremitting efforts, achieving remarkable development. This year, the company overcame difficulties and made significant progress in capital cooperation, product research and development, and business expansion.
This year, with the lead investment from Nanjing Literature Capital Cultural Industry Development Fund (hereinafter referred to as "Nanjing Wentiou") and the joint support of several important investors, Botuo Visual Technology successfully completed its pre-A round of financing. As a well-known state-owned investment institution in Nanjing, Nanjing Wentiou has incubated and supported many representative Chinese technology enterprises from their start-up stage to maturity and even becoming industry leaders. Moreover, adhering to the social responsibility of state-owned enterprises, in the process of investment and supporting the growth of enterprises, it not only focuses on economic benefits but also pays more attention to the social responsibility and social value of enterprises.
Entering the fourth quarter, Botuo Visual Technology will also start a new round of financing. We look forward to working with more partners to jointly explore the market, continuously innovate, create greater value for society, and strive to achieve a double harvest of economic and social value!
Meanwhile, the company will upgrade its business lines with the support of various forces to further expand its product range and market coverage. The company has launched the "Dual-Engine Growth Strategy" and officially entered the intelligent in-vehicle cockpit field. Centering on display vision, it will continue to make progress in the two potential growth tracks of in-vehicle intelligent cockpits and XR display devices, create a rich line of innovative products, and lead the development of the industry.
Under the trend of automotive intelligence, we have entered the field of intelligent vehicle cabins with display as the core, and are creating a rich product line for future intelligent vehicle cabins to enhance the safety, comfort and convenience of vehicles. Our series of intelligent central control, instrument and automotive AR devices provide drivers with high-definition picture quality and offer more excellent conditions for the integration and intercommunication of intelligent vehicle network information. We continue to increase investment in research and development, and are committed to creating high-quality innovative products to inject new vitality into the automotive industry.
The company has launched a new smart head-mounted optical engine product, which is the first in the industry to feature mass-producible "3P Pancake" optical engines with eye-tracking technology, making it a leader in the field. This product will combine the latest optical imaging technology and adjustable refractive technology, adjustable within the range of 0 to 700 degrees, allowing most users to wear VR glasses without the need for glasses, greatly enhancing the user experience and bringing an unprecedented immersive experience to users.
This business line upgrade and the launch of the new product will further consolidate our leading position in the XR field. We always adhere to technological innovation and user experience, constantly strive to surpass ourselves, and meet the growing needs of users. Our team will continue to work hard, dedicated to providing users with better products and services, and let technology change life.
We sincerely thank all current and future investors and partners for your support and trust. Our success is inseparable from your strong assistance and continuous support. In the future, we will move forward hand in hand with you to jointly meet more challenges and opportunities. We believe that with your support, we can achieve greater accomplishments.
Looking to the future, our company will continue to focus on technological innovation and product optimization, constantly enhancing the user experience. We will strengthen cooperation with partners to jointly promote the development and progress of the industry. At the same time, we will also intensify market expansion efforts, broaden our business coverage, and bring advanced and reliable solutions to more users.
苏公网安备 32010602011216号