The transaction was unanimously approved by BitFlow’s Board of Directors and is expected to close during the fourth quarter of 2023.

Upon completion of the transaction, research and development teams for BitFlow and Advantech's North American business development team will work together to launch innovative new 2D and 3D network devices for the industrial imaging market and fast-emerging AI vision sectors. For instance, BitFlow CoaXPress over Fiber (CoF) frame grabbers will make it possible to link Advantech AI cameras and compute devices using low-cost Fiber cables and connectors for transmission speeds that may soon approach 100 Gbps – two times the current CXP standard – to meet the high bandwidth requirements for AI processing.

As one of the founding technologies in factory automation dating back to the 1970s, machine vision is today at the forefront of the Industrial Internet of Things (IIoT) and AI. Machine vision's capabilities are being drastically expanded by increasingly powerful computing, embedded and IIoT devices at the network edge, and a growing universe of deep learning AI models. This can permit an imaging system to detect incredibly minute defects, such as microscopic anomalies in the bond wires on a circuit board, resulting in enhanced product quality, a significant reduction in waste, and increased production throughput for companies both large and small.