RCS - Raspberry Pi Hldgs - Strategic partnership with SECO

Raspberry PI HoldingsAnnouncement

12/11/2024 07:00

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RNS Number : 7870L  Raspberry Pi Holdings PLC  12 November 2024

 

12 November 2024

 

 

Raspberry Pi Holdings plc

("Raspberry Pi" or "the Company")

 

Strategic partnership with SECO

 

Raspberry Pi (LSE: RPI), a leader in low-cost, high-performance computing,
announces a strategic partnership with SECO S.p.A ("SECO"), the leading
Italian based provider of IoT solutions, payment systems and industrial
hardware, ahead of the Compute Module 5 ("CM5") product launch. The
partnership will see SECO bring to market a new Human-Machine Interface
solution based on CM5.

 

The strategic commercial agreement highlights further progress in Raspberry
Pi's direct to OEM strategy and is aimed at expanding the business
opportunities for both companies through collaboration on hardware and
software development. This partnership combines SECO's expertise in IoT
technologies with Raspberry Pi's versatile computing solutions, allowing both
companies to address the growing demands of industrial applications through
innovative, customised products.

SECO will leverage its hardware design expertise to bring a 10.1-inch
Human-Machine Interface (HMI) solution to market targeting a wide range of
industrial and IoT applications. The product is based on Raspberry Pi's CM5
and supports Raspberry Pi OS to simplify integration. In addition, Raspberry
Pi Connect will be incorporated into SECO's software stack, Clea, making
Raspberry Pi Connect part of Clea's commercial offering on Raspberry Pi
devices.

The partnership will explore medium-term opportunities in other industrial
areas, including image recognition, edge AI, leveraging SECO's long history
and know-how in sectors including energy management, smart building,
healthcare, coffee and vending and industrial automation. Both SECO and
Raspberry Pi are committed to working together to drive growth, efficiency,
and innovation in the embedded and industrial markets.

Raspberry Pi CEO, Dr Eben Upton commented: "Our enhanced public profile in
the wake of June's

successful IPO has opened doors at multiple industrial-focused OEMs, as
demonstrated by this exciting new

agreement with SECO. Our two companies' combined hardware and software
capabilities will allow us to

deliver solutions for our mutual customers that address demanding use cases at
cost effective price points."

 

SECO CEO, Massimo Mauri commented: "This partnership represents a great
opportunity for SECO to leverage Raspberry Pi's widely adopted hardware
technology and combine the strengths of both companies in software
development. We are confident that our combined expertise will drive business
growth and innovation in the industrial IoT space, delivering significant
value to our stakeholders."

 

For more information, please contact:

 

 Raspberry Pi Holdings plc
 Eben Upton, CEO, Richard Boult, CFO            via Alma
 Andy Bryant - IR                               investors@raspberrypi.com (mailto:investors@raspberrypi.com)

 Alma Strategic Communications                  T: +44 (0)203 405 0205
 Josh Royston, Caroline Forde, Hannah Campbell  raspberrypi@almastrategic.com (mailto:raspberrypi@almastrategic.com)

 

Notes to Editor

 

Headquartered in Cambridge, UK, Raspberry Pi's mission is to put
high-performance, low-cost, general-purpose computing platforms in the hands
of enthusiasts and engineers all over the world.

 

Raspberry Pi is a full-stack engineering organisation, with research and
development capabilities spanning the entire value chain, from semiconductor
IP development, through semiconductor and electronic product design to
software engineering and regulatory compliance. The high performance, low
cost, and physical robustness of Raspberry Pi products make them suitable for
a wide range of applications, across three distinct markets: Industrial and
Embedded, Enthusiast and Education, and Semiconductors.

 

The Company has distributed approximately $230m since inception to support the
work of the Raspberry Pi Foundation, a UK charity founded in 2008 and a major
shareholder in Raspberry Pi, to enable young people to realise their potential
through computing. Raspberry Pi has been recognised with the London Stock
Exchange's Green Economy Mark for its work in reducing the carbon intensity of
embedded computing.

 

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