Brogent Technologies Inc. completed fundraising for convertible bonds today, raising a total of NT$1.2 billion, which will be used for R&D investment and to repay financial loans.
According to Brogent’s Chairman C.H. Ouyang, the research and development strategy will be divided into two major directions, namely R&D for its high-end LED dome screen and R&D for new generation simulation products. The new groundbreaking LED dome screen will increase the overall brightness of the screen by 10 times and have a resolution over 8K, which will help to improve the visual experience. It is expected to attract a wave of orders from new customers and replacement orders of old equipment from existing customers. The development of new generation simulation products will provide visitors with new flexible solutions in the post-epidemic era. In addition, the design of the amusement equipment will integrate online and offline game functions extending the theme park games into the user’s home. Brogent will also integrate its rides with the 5G network. Customers will then be able to experience various virtual reality stories more conveniently. Moreover, the research and development of new generation products will complete Brogent’s amusement ride product lines and help to expand the company’s market share to second and third-tier customers (e.g. local theme parks).
Looking back at the past 20 years, crises always bring about new opportunities. Even when going through difficult events such as SARS in 2003 and the financial crisis in 2008, the theme park industry survived and technology continued to improve. With the funds raised via the convertible bond, Brogent will continue to innovate and launch products that are ideal for the post-pandemic world.