Hope King, a New Zealand-based manufacturer, has unveiled the production of its hi-tech fiber optic components, with the hope to export $9 million-worth of it to China in its first year, reports New Zealand news distributor, Scoop.
Hope King's General Manager Howard Chen revealed that they wish to win 10% of the lucrative Chinese market within three years, and is confident that its hi-tech products would make a difference to the Chinese telecommunication industry.
The company's 1,000 square-meter factory was set up in Avondale towards the end of last year, and produces advanced, market-leading optic fiber connectors and parts which are used in cloud computing operations and big data centers.
Currently, Hope King employs just 15 local workers, but aims to grow as the export operation takes off.
Since last year, the company has transformed from distributor to manufacturer, and plans to invest $50 million by 2017 in order to extend its research and development departments, in association with New Zealand universities and commercial associates.
China is home to some 650 million internet users, and is the most dominant market for fiber optic components in the world. Hope King has built up a solid reputation through its vast distribution channels, and has trusted relationships with local Chinese business partners.
Hope King creates cutting-edge fiber optic connectors and components, including MPO and AOC, which are crucial for maintaining efficiency in big data centers. MPO offers low-cost, low-power consumption and flexibility; AOC is the latest transmitting tool for high-definition video.