The leader of the Internet of Things region, establishing an office in Vilnius
Promwad, a developer of innovative technologies and a pioneer of the Internet of Things in the CEE region, has announced the opening of an office in Vilnius, the capital of Lithuania. The Belarusian independent electronics design house, which also manufactures electronic devices and develops software for the likes of Fujitsu, Marvell and Texas Instruments, plans to serve its customers in the EU from its Vilnius office.
According to the manager of Promwad, Lithuania was chosen as the location of the new international office based on two main factors; access to EU markets and the abundance of creative and talented IT experts that the Baltic States can offer. “While working with our customers in the EU, we realized that we have to be as close to them as possible,” explains company manager Roman Pakholkov. “Since our research and development center is in Minsk, Vilnius was the most logical solution. In addition, Lithuania is full of young creative specialists and experienced engineers who speak English fluently. Therefore, we see great prospects for the future in Lithuania.
The company also has representative offices in Denmark, Russia and China, and a research and development center in Minsk. The new Vilnius team will perform many functions, and experts from various fields will work in it. Promwad aims to hire up to 25 professionals over the next 2 years, including project and sales managers, software and manufacturing engineers.
As an innovative company that brings theoretical concepts to life, Promwad is also keen to partner with educational institutions to assist in this process. They agreed on a partnership with Vilnius Gediminas Technical University (VGTU), their cooperation would help to bridge the gap between the theoretical knowledge acquired at the university and the practical skills needed for product development. The company also plans to cooperate with other higher education institutions.
As Promwad’s CEO explains, talent development has always been the main focus of the company. “When creating a research and development center in Belarus, we sought to recruit returning high-class specialists and retain talented graduates of higher education institutions. Our goal in Lithuania is the same; we want to give our new employees opportunities to be creative and develop as professionals in their home country,” said the head of Promwad.
Promwad adopts a turnkey approach to product development and manufacturing, controlling the entire process from the initial idea to the final product: creating the device concept, engineering solutions, design and all the necessary software, and then overseas. mass production. By creating new electronic products at the request of customers, the company has completed over 200 projects, and devices created by Promwad engineers are used by millions of people around the world every day.
One of Promwad’s most successful projects is Lapka sensors for the iPhone. Marketed in the US, Canada and Russia, these apps allowed users to measure nitrate levels in fruits and vegetables or check for radiation, humidity and electromagnetic fields, all from a smartphone. On the order of the Lapka startup, Promwad developed the body structure, produced a test batch and prepared this product for mass production. The US internet giant Airbnb watched the success of this project and bought the startup Lapka last year.
Indeed, the industry in which Promwad operates, called the Internet of Things, is an area of huge potential global growth, according to Mantas Katinas, CEO of the foreign direct investment development agency Invest in Lithuania. “The Internet of Things is the industry of the future,” emphasizes Mr. Cat. “Given the growing number of smart device users and the concept of the smart home (which is becoming increasingly popular), this area will grow rapidly in the future.” According to various forecasts, in 2020 the Internet of Things market could reach 6.4 trillion euros and connect more than 34 billion devices worldwide. Mr. Katinas believes that the presence of “Promwad” will provide a significant boost to the industry in Lithuania. “Promwad is a pioneer of the Internet of Things in the region and is now transferring its knowledge to Lithuanian specialists and companies working in this field.
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