Vincent Medical Forges Strategic Cooperation with Siemens, Promoting Smart Manufacturing and Digital Transformation

7th May 2024

Vincent Medical Holdings Limited (“Vincent Medical” or “the Company”, together with its subsidiaries referred to as “the Group”, stock code: 1612), a global respiratory medical device and disposables supplier, is pleased to announce the signing of a strategic cooperation framework agreement with Siemens Digital Industries Software. Leveraging Siemens’ cutting-edge technologies and solutions, the Group intends to further advance its smart manufacturing capability in its digital transformation journey.

Siemens Digital Industries Software is a global leader in the provision of digital enterprise software suites and services. Being a strong advocate and technological provider of Germany’s Industry 4.0 initiatives, Siemens Digital Industries Software is dedicated to offering cutting-edge technologies for industrial automation and digitization, with software including Product Lifecycle Management (PLM) and Manufacturing Operations Management (MoM) aiding various enterprises, including those from the medical industry, to maximize their digital transformation.

According to the agreement, the two parties will collaborate on the digital transformation of the Group’s entire production flow, focusing on areas such as research and development, simulation and testing, smart manufacturing, and after-sales maintenance. During the process, the Group will prioritise the use of Siemens’ world-leading Product Lifecycle Management (PLM), Manufacturing Execution Systems (MES), Advanced Planning and Scheduling platforms (APS), as well as (CAE/CAD) design predictive simulation tools, in an attempt to establish an integrated digital R&D and manufacturing system.

Mr. Choi Man Shing, Chairman of Vincent Medical, said, “In the dynamic world we live in, technological advancement and digitization are gradually reshaping the production landscape, presenting exciting new possibilities for industries worldwide. We believe Siemens will be an important and reliable partner in our digital transformation journey. With this collaboration, we are confident in propelling Vincent Medical to the forefront of digital development, leveraging Siemens’ extensive technical resources and professional support. Together, we aim to expedite Vincent Medical’s product innovation and digital transformation process, bringing further growth impetus to the Group with the support of a new, data-driven management and operational system.”

Chai Shaohua, Vice President of Siemens Digital Industries Software, Greater China, said, “With its strong commitment to medical device and technologies advancement, along with its mission of creating values for better lives, we truly believe Vincent Medical stands as a frontrunner among Chinese exporters in medical devices. As their strategic supplier, Siemens Digital Industries Software will strive to offer comprehensive support and services to Vincent Medical, so that we can make further contributions to the innovative development in the Chinese medical device sector.”

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