Shuttle has terminated its low-margin notebook OEM business, and is looking to enhance its presence in non-PC offerings, such as medical care IT products, according to company president Wei-Hsun Cheng.
Shuttle is now cooperating mainly with its wholly-owned affiliate Carilex Medial to develop medical products and is set to send its in-house developed medical-grade air mattress that features IoT functionalities for certification in the second quarter, Cheng said.
Shuttle reported consolidated revenues of NT$1.73 billion (US$61.39 million) for 2020, down 45.5% on year, but its gross margin for the first three quarters of 2020 went up to 37% from 20% during the same period in 2019.
In addition to the mattress, Carilex's new negative pressure wound therapy machines and medical healthcare kiosks will also become available later in 2021, pushing the company's revenues back on the growth track in the year with a further gross margin ramp-up, noted Cheng, adding that its IT medical care product lines will contribute over 20% of the company's revenues in 2021.
Shuttle's negative pressure would therapy machines have already been certified by the US, EU and Brazil and the company is currently expanding its client base in these markets via overseas branch offices
Shuttle's therapy machines and kiosks have also been adopted by hospitals in Taiwan.
