Strategic partnership with SECO

Raspberry Pi Holdings PLC

12 November 2024

 

12 November 2024

Raspberry Pi Holdings plc

("Raspberry Pi" or "the Company")

Strategic partnership with SECO

Raspberry Pi (LSE: RPI), a leader in low-cost, high-performance computing, announces a strategic partnership with SECO S.p.A ("SECO"), the leading Italian based provider of IoT solutions, payment systems and industrial hardware, ahead of the Compute Module 5 ("CM5") product launch. The partnership will see SECO bring to market a new Human-Machine Interface solution based on CM5.

The strategic commercial agreement highlights further progress in Raspberry Pi's direct to OEM strategy and is aimed at expanding the business opportunities for both companies through collaboration on hardware and software development. This partnership combines SECO's expertise in IoT technologies with Raspberry Pi's versatile computing solutions, allowing both companies to address the growing demands of industrial applications through innovative, customised products.

SECO will leverage its hardware design expertise to bring a 10.1-inch Human-Machine Interface (HMI) solution to market targeting a wide range of industrial and IoT applications. The product is based on Raspberry Pi's CM5 and supports Raspberry Pi OS to simplify integration. In addition, Raspberry Pi Connect will be incorporated into SECO's software stack, Clea, making Raspberry Pi Connect part of Clea's commercial offering on Raspberry Pi devices.  

The partnership will explore medium-term opportunities in other industrial areas, including image recognition, edge AI, leveraging SECO's long history and know-how in sectors including energy management, smart building, healthcare, coffee and vending and industrial automation. Both SECO and Raspberry Pi are committed to working together to drive growth, efficiency, and innovation in the embedded and industrial markets.

Raspberry Pi CEO, Dr Eben Upton commented: "Our enhanced public profile in the wake of June's 

successful IPO has opened doors at multiple industrial-focused OEMs, as demonstrated by this exciting new 

agreement with SECO. Our two companies' combined hardware and software capabilities will allow us to 

deliver solutions for our mutual customers that address demanding use cases at cost effective price points."

SECO CEO, Massimo Mauri commented: "This partnership represents a great opportunity for SECO to leverage Raspberry Pi's widely adopted hardware technology and combine the strengths of both companies in software development. We are confident that our combined expertise will drive business growth and innovation in the industrial IoT space, delivering significant value to our stakeholders."

For more information, please contact:

Raspberry Pi Holdings plc
Eben Upton, CEO, Richard Boult, CFO	via Alma
Andy Bryant - IR	[e-mail]
Alma Strategic Communications	T: [phone]
Josh Royston, Caroline Forde, Hannah Campbell	[e-mail]

Notes to Editor

Headquartered in Cambridge, UK, Raspberry Pi's mission is to put high-performance, low-cost, general-purpose computing platforms in the hands of enthusiasts and engineers all over the world.

Raspberry Pi is a full-stack engineering organisation, with research and development capabilities spanning the entire value chain, from semiconductor IP development, through semiconductor and electronic product design to software engineering and regulatory compliance. The high performance, low cost, and physical robustness of Raspberry Pi products make them suitable for a wide range of applications, across three distinct markets: Industrial and Embedded, Enthusiast and Education, and Semiconductors.

The Company has distributed approximately $230m since inception to support the work of the Raspberry Pi Foundation, a UK charity founded in 2008 and a major shareholder in Raspberry Pi, to enable young people to realise their potential through computing. Raspberry Pi has been recognised with the London Stock Exchange's Green Economy Mark for its work in reducing the carbon intensity of embedded computing.

 

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