Lianhe Sowell International Group, which provides machine vision products and solutions in China, filed on Friday with the SEC to raise up to $12 million in an initial public offering.
Lianhe Sowell provides machine vision products and solutions in China, inventing and integrating technologies and solutions that address critical manufacturing and distribution challenges. Based on nine foundational technologies, its solutions integrate physical products with software to capture and analyze visual information. The company's machine vision products fall into four categories, based on application setting: industrial machine vision, artificial intelligence (face recognition and AI behavior analysis), intelligent weak current (building intelligence and intelligent transportation), and electronic customs clearance.
The Shenzhen, China-based company was founded in 2007 and booked $29 million in revenue for the 12 months ended September 30, 2023. It plans to list on the Nasdaq under the symbol LHSW. Lianhe Sowell International Group filed confidentially on December 29, 2023. The Benchmark Company and Axiom Capital Management are the joint bookrunners on the deal. No pricing terms were disclosed.
