Akribis Systems

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Akribis Systems
Industry
  • Manufacturing
  • Precision engineering
Founded2004; 17 years ago (2004)
HeadquartersAng Mo Kio, Singapore
Key people
  • Howe Yuen Lim(Chairman)
  • Yong Peng Leow(CEO)
  • Rick Goh
  • Yong Min Kong
ProductsLinear Motors
Number of employees
500-1000 (2020)
Websiteakribis-sys.com

Akribis System is a manufacturer of Linear Motors headquartered in Singapore, Ang Mo Kio. It was founded in 2004.

The privately-owned Singaporean company engages in designing and manufacturing precision stages with step resolution down to 20 nanometers.[1]

With the founders being all formally educated in engineering, Akribis continues to invest heavily in research and development, while concurrently having business units engaged at the component level all the way up to a complete solution. [1]

As of 2021, Akribis Systems is considered a key player in the Linear Motor Markets alongside other competitors such as Bosch Rexroth, Parker, Yaskawa Electric Corporation, FANUC, and Mitsubishi.[2], with more than 40 patents in the area of linear motor manufacturing, stage designs and motion control[3]

History

Prior to 2004, Yong Peng was a researcher at SIMTech, a research institute of Agency for Science, Technology and Research, and had been originally consigned to support the development of robotics at another Singaporean local company. It was during this period that saw a need and demand for high precision stages, the inception for setting up a company to meet such demand was formed. [4]

The years following saw rapid expansion from 2006 and 2009 when offices in Thailand and Korea was formed respectively and by 2009, co-founder Howe Yuen spearheaded activities to expand operations into China which saw a setup of a new manufacturing plant and technical support team [4], thereafter expanding up to 800 employees by 2019. Subsequently building a new plant in Nantong. [5]

In its first year of operation, Akribis Systems made S$1.86 million with an employee staff count of 10 and by 2015, the company was making S$32 million with a subsequent headcount of 250. [4]

In 2019 Mitsubishi Electric announced an investment of a minority equity stake in Akribis Systems[6]

References

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