Thumb drive creator’s back... with the Flucard By CHIA YAN MIN patents around the world. One such patented product FOR the inventor of the ubiqui- that has the potential to revolutous thumb drive, the success of tionise the storage market is the the storage device “which took Flucard, a Secure Digital (SD) the world by storm” is tinged memory card that allows videos and photos to be wirelessly transwith bittersweet memories. Mr Henn Tan, chief executive mitted between devices such as of technology solutions provider cameras and mobile phones. With the benefit of hindsight Trek 2000, said the company made its “single biggest mistake” from the thumb-drive experience, when it was too quick to share its Trek 2000 began selling the Flunew thumb-drive technology card in earnest last year after a while the patent for it was still soft launch in 2010. The technolopending. “I was gullible, naive... gy was also launched under the brand name FlashAir in A few big companies June last year by elecdropped by wanting to tronics giant Toshiba. collaborate and I was Said Mr Tan: “We more than happy to have learnt some costly share with them. Little lessons... Intellectual did I realise that many property is interpreted of them were hijackdifferently in different ers,” said Mr Tan. jurisdictions and by difThe patent for the ferent companies.” earliest thumb drive – Instead of going it also the company’s alone, the company has very first patent – was The Flucard allows secured the support of filed in February 2000 videos and photos the global SD Card Asin 36 countries, with to be wirelessly sociation, whose foundthe aim of replacing transmitted ers are Panasonic, the floppy disk. between devices. Toshiba and Sandisk. In 2008, the major “We want the wireless SD card floppy-disk manufacturers publicly acknowledged that their tech- to be the industry standard,” said Mr Tan. Sales of the product have nology was obsolete. “We won glory and prestige been “slowly growing”, he added. The Flucard’s launch has not but no money... The money was won by the clones and the hijack- gone unchallenged – at least four similar products have since ers,” said Mr Tan. Shaken but undeterred by the emerged. Mr Tan said discussions experience, Trek 2000 has since about how to deal with the gone on to expand its intellectual “clones” are still ongoing but he property arsenal – the company declined to elaborate. “Clones are a double-edged has been granted more than 380 ALWAYS INNOVATING If you have only one product, your company might not survive to see tomorrow... There are many more new technologies up our sleeves. – Mr Henn Tan, CEO of technology solutions provider Trek 2000 Trek 2000 CEO Henn Tan says the company’s “single biggest mistake” was sharing the new technology for its thumb drive while the patent was still pending. For the Flucard, he’s adopting a different strategy. PHOTOS: TREK 2000, RAJ NADARAJAN sword... They help to propagate the technology but they also do not have any pioneering costs in research and development and so are able to sell at a lower price.” To distinguish the Flucard from its competitors, Trek 2000 is developing mobile phone applications to accompany the product. The company has dedicated a larger research and development (R&D) budget to develop the Flucard – R&D costs for the new product were up to three times more than that for the thumb drive, said Mr Tan. In total, R&D spending comes up to about US$5 million (S$6.3 million) a year on average. The company, which reported US$80.4 million in revenue last year has more than 40 staff members working in R&D. “I strongly believe that the days of the ‘dumb’ SD card are numbered... The price will eventually come down to a level consumers will not be able to resist.” The company is not resting on its laurels and will continue to develop new intellectual property, said Mr Tan. “It is inevitable that we continue to invest in an endless cycle of innovation and research, and continue to come up with more world-class technologies to change the way things are used. If you have only one product, your company might not survive to see tomorrow... There are many more new technologies up our sleeves.” [email protected] Source: The Straits Times © Singapore Press Holdings Limited. Reproduced with permission
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