Jack Stock, a leading Chinese sewing technology group, recently announced that Bullmer – a Jack-owned cutting tech company – is planning to invest in Shenzhen LINTSENSE Technology Co., Ltd. with its own capital of RMB 10.2 million.
Once the investment is done, Bullmer will own 51 per cent of equity of LINTSENSE, which mainly produces intelligent AI-based fabric inspection machines. The Chinese company has a number of trademarks, patents and software copyrights in its name.
As there is a boom in demand of high-end cloth inspection machines in domestic market as well as in abroad, Bullmer eyes to encash the opportunity.
“LINTSENSE’s machine can store the data of defects in inspected fabric, form self-learning ability through ML programming after accumulating data and finally improve the fabric inspection process – all through cloud data service,” mentioned Jack Stock.
LINTSENSE machines are also able to detect the fabric of a particular textile manufacturing factory, helping form the connection between upstream and downstream data.
The investment or Bullmer LINTSENSE is in lines of Jack’s acquisition strategy. Over the years, Jack has acquired Germany’s Bullmer, Italy’s MAICA and VIBEMAC as well as several Chinese technology companies too.