TRaaS On Product Inc. [6696.T]
TOKYO, May 13 (Pulse News Wire) – TRaaS On Product Inc. (6696.T) announced today that its board of directors approved a strategic partnership agreement with Coretronic Corporation, aimed at developing and commercializing a new technology solution.
The companies plan to leverage their respective expertise in display technologies and digital signage solutions to create innovative products. Under the agreement, TRaaS On Product will lead software optimization and approach domestic OEM manufacturers for production and sales support. Coretronic will handle hardware development and engage non-Japanese OEM partners for manufacturing and distribution. Both firms aim to finalize the prototype and showcase it at DSJ2026 Digital Signage Japan from June 10 to June 12, 2026.
Coretronic, founded in 1992, operates out of Hsinchu City, Taiwan, with a capital of approximately $368.81 million based on exchange rates as of December 31, 2024. The company's recent financial performance shows total assets of NT$1,255,484 thousand, NT$25,647,403 thousand, and NT$1,444,354 thousand for fiscal years ending December 2022, 2023, and 2024 respectively. Operating profit stood at NT$1,053,000 thousand, NT$1,247,000 thousand, and NT$1,440,000 thousand for those same periods. The impact of this collaboration on future consolidated earnings will be assessed based on detailed business plans and disclosed promptly if necessary.
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