Author Zheng Miao
On the evening of June 5438, 200211March, the science and technology innovation board issued an announcement, and decided to terminate the initial public offering and listing audit of Shanghai Jose technology co., ltd. on the science and technology innovation board according to the relevant provisions of Article 67 of the Rules for the Examination of Stock Issuance and Listing of Science and Technology Innovation Board of Shanghai Stock Exchange.
Jose Technology's main business is the development and manufacture of 3D sensors (lidar), which was established on 20 14. According to its official statement, Jose Technology's current financing amount exceeds 500 million yuan. By the end of 20021,the customers of Jose technology were distributed in 23 countries and regions around the world.
The technology of lidar can be traced back to 1839 at the earliest, but its real rise and market attention lies in autonomous driving. At present, the data acquisition part of autonomous driving needs to rely on lidar to provide accurate road data acquisition in a certain range. Although another kind, such as Tesla, uses computer vision method instead of lidar to collect road information, lidar is still a popular technology for most automobile manufacturers.
However, lidar is not a "human-friendly" device. The equipment costs tens of thousands of RMB, and the price of a slightly top laser radar is as high as several hundred thousand RMB. Not only that, in the world, lidar technology is more mastered by overseas enterprises, such as Quanergy and Weilideng.
According to the announcement of science and technology innovation board, on March 5th, 20021,Huatai United Securities Co., Ltd., the sponsor of Wosai Technology, submitted the Application for Revoking the Initial Public Offering of Shanghai Wosai Technology Co., Ltd. and Listing in science and technology innovation board to science and technology innovation board (Huatai United [202 1] No.69). At the same time, Wosai Technology also submitted to science and technology innovation board the Application for Withdrawing the Application Documents for Initial Public Offering and Listing in science and technology innovation board (Wosai Technology Word [202 1]No. 12) to apply for withdrawing the IPO application documents.
According to the prospectus of Jose Technology, the company's two star products Panda 40 P and Pandar64 accounted for 99.8% of the revenue respectively. It is these two products that made Lidar showstopper Wilden accuse Wosai Technology of infringing its patents related to rotating lidar registered in the United States on August 20 19.
On June 24, 2020, Wosai Technology and Veridon signed the Agreement on Litigation Settlement and Patent Cross-licensing. According to the content of the agreement, although Wosai Technology and Veridon can carry out patent cross-licensing on a global scale, Wosai Technology agreed to pay settlement fee of 65.438+0.6 billion yuan to Veridon, including one-time patent licensing compensation and subsequent annual patent licensing fees. In addition, from 2020 to 2022, Jose Technology will need to pay a fixed amount of patent license fee every year.
It is worth mentioning that although the top laser radar technology is not in China, the biggest customers of the laser radar industry are many independent industries in China. On 20 18, Quanergy has started the plan to build a factory in China. The company announced the construction of the world's largest production base in China, with the main purpose of providing lower-priced lidar for a large number of independent automobile brands in China.
Jose Technology is an independent research and development manufacturer of lidar in China. Compared with foreign manufacturers, its innate geographical advantages are being exhausted, and the high wall built by technical barriers is difficult to cross. Therefore, it seems that Jose Technology's termination of IPO is also a step for itself.