Chapter 873 Hummingbird HUM

After combining Parrot’s rich experience in drones, Hangyu Seiko finally launched their first drone product, HUM-1, in June this year.

HUM is the abbreviation of Hummingbird. This HUM-1 drone has a foldable quad-copter, is easy to control, and is easy to carry. It is a consumer drone that is very suitable for home use.

The price of HUM-1 is only 2,000 euros, which can be said to be relatively cheap in the current drone market. At the same time, Hangyu Seiko also provides camera components and gimbals for their drone products. A wide range of professional accessories.

Because shortly after the launch of HUM-1, the London Olympics opened in full swing. Tourists from all over the world also tried the good controllability of this drone at Hangyu Seiko’s experience store in London, which also made Hangyu Seiko This Seiko product started to sell like hotcakes.

So far, Hangyu Seiko’s orders have exceeded 10,000 sets and are still increasing.

Hangyu Precision's R\u0026D center is in London's Technology City, but in order to control costs, their production factory is located in Shenzhen City, China. After all, there are more cost-effective skilled workers and a more complete related industrial chain.

Very early on, the industries under Barron's name, including Puma Electronics and Argos Retail Group, had already begun to set up production and supply systems in China. This experience was enough to help Hangyu Precision complete the production factory and related equipment in China as quickly as possible. Establishment of production processes.

And with the success of Hangyu Precision's first drone product, HUM-1, they plan to launch more models of drones and expand the scale of production in China.

It is expected that at the end of this year or the beginning of next year, they will launch an upgraded version of HUM-1, HUM-1 Pro, which will upgrade its configuration and flight control system.

In addition, as can be seen from the name, HUM (Hummingbird) is Hangyu Seiko’s entry-level drone product model for families and non-professional groups. It focuses on easy operation and portability.

In addition, Hangyu Seiko is still under research and development, and the Griffin series of drones that will be launched soon will be larger and more professional drones than the HUM series.

Of course, it will also be more expensive.

As Barron said, he tried the HUM-1 when it was first launched. Although in terms of user experience, it was much inferior to the DJI drones he had played in his previous life. But at this time, when consumer drones are just getting started, HUM's performance is pretty good.

And his children also like this "toy" very much. Barron prepared several as gifts for them, and they can't put it down.

…

"Welcome to Germany for investment, Your Highness the Duke..."

Merkel said to Barron with a smile:

"I hope that Germany and Britain can have more economic exchanges, and thank you for your good offices at last year's EU summit."

"I think Europe is a whole. Britain needs Europe, and Europe also needs Britain. However, because of many complicated situations, Britain will have concerns when dealing with related matters. I believe you will also understand many of the hidden secrets..."

Barron said meaningfully:

"However, with the establishment of the European Financial Stability Mechanism, I believe that the Eurozone has passed the most difficult time, and the European economy will also usher in recovery. I am deeply confident in this and will increase investment in the entire Europe. …”

This time Barron came to Germany, in addition to the Cavendish Trust Fund's asset management company signing an agreement with Continental United Bank to purchase its assets such as mortgage properties worth 5 billion euros in Germany, and will carry out inspections on these properties. In addition to renovating and increasing house rental business in Germany...

He also came here specifically to meet with German Chancellor Merkel - Merkel had just attended the Eurozone Finance Ministers' Meeting in Luxembourg, near Germany.

It was at this meeting that the European Stability Mechanism (ESM), a permanent European aid fund totaling 500 billion euros, was officially launched to enhance Europe's defense capabilities against the sovereign debt crisis.

Barron knows that with the activation of the European Stability Mechanism, Europe will also survive the most difficult period of the European debt crisis and begin to officially enter the economic recovery period.

It can be said that from 2010, when the European debt crisis broke out, to 2012 now, the European economy has been in a cycle of contraction and recession - the economic growth rate of the Eurozone was 2.2% and 1.6% respectively in 2010 and 2011. But in 2012 it dropped to -0.7%!

The unemployment rate in the Eurozone has also reached 11.4% this year, which means that as many as 18 million people are unemployed in the Eurozone!

Starting next year, the economic growth of the Eurozone will finally come out of negative territory and begin to gradually increase and enter recovery.

In fact, after the outbreak of the European debt crisis, because heavily indebted countries were no longer able to raise funds from the capital market on the premise of financial sustainability, the European Union had established the European Financial Stability Facility as a temporary crisis relief mechanism as early as May 2010. (EFSF).

The European Financial Stability Facility is responsible for raising funds from financial markets and providing temporary loans to euro zone member states in crisis.

However, the European Financial Stability Fund is a temporary measure and will end in mid-2013.

Therefore, since last year, the EU has begun to discuss the establishment of a long-term similar stability fund. Finally, in September this year, the European Stability Mechanism (ESM) was officially established. As a permanent institution, it will replace the European Financial Stability Fund (EFSF) that expired in July 2013, and provide financial assistance and stability support to countries seeking assistance under strict conditions.

On October 8, the Eurozone Finance Ministers' Meeting was held in Luxembourg. At this meeting, the European Stability Mechanism (ESM), a European permanent aid fund with a total amount of 500 billion euros, was officially launched.

According to relevant regulations, the funds of the European Stability Mechanism (ESM) are divided into two parts, namely 80 billion euros of equity capital and 620 billion euros of noticeable capital, totaling 700 billion euros (including capital buffers that cannot be used for lending).

The first batch of 32 billion euros of capital contribution was in place in October 2012, which will immediately give the ESM a financing capacity of about 200 billion euros; the remaining capital contribution will be in place in two installments in the first half of 2014, when the institution's lending capacity will reach the upper limit of 500 billion euros.

It is worth mentioning that Germany still plays an important role in the "European Stability Mechanism" - the ESM's capital pool is subscribed by eurozone member states according to the amount of their GDP, so the top three contributors are Germany, France and Italy, and their subscribed amounts will exceed 100 billion euros, and Germany's subscribed amount will be as high as 27% of the total capital pool.

According to regulations, the voting rights of each decision of the European Stability Mechanism are linked to the subscribed amounts of each country, which means that Germany alone can veto any decision of the fund's board of directors.