![]() ![]() The said individual eventually faced termination, and Eubiq’s founder then attempted to forge a joint venture between his Singaporean company and the Chinese company, but it failed. “It was theorised that was the one who leaked the design and wanted to replace the original Eubiq products with those that he made in China,” said Kenneth. This sinister act ultimately resulted in the production of similar power track products, posing a grave threat to the integrity of the original technology. Tragically, this was accompanied by the unauthorised leakage of Eubiq’s blueprint and technology know-how to a Chinese company. As tensions escalated, Eubiq’s founder decided to collaborate with another individual - whose identity Kenneth prefers not to disclose - leading to the incorporation of a new entity that excluded Eddy and Kenneth from the venture. ![]() They feared that this move would undermine their loyal resellers and partners who had played an instrumental role in the growth of the power track business. Eubiq’s founder ventured into the consumer retail market, a decision that sparked concern and objection from both Eddy and Kenneth. However, in 2012, the course of the power track industry took an unexpected turn. We saw the revenue of power tracks in Singapore reach S$1 million in 2010,” said Kenneth, who used to serve as ASL Power’s director. Our efforts matured and grew the power track market in Singapore. “While operating ASL Power, we were focusing on the sale and marketing of power track systems. ![]() In 2004, Eddy founded ASL Power (S) Pte Ltd, becoming the principal distributor of Eubiq, the pioneering power track system in Singapore. The roots of Line8 can be traced back to Eddy’s journey in the industrial automation business, which he later diversified into the power track industry. The dramatic birth of Line8 (L-R) Kevin Lim, Eddy Ong, Kenneth Ong, co-founders of Line8 at their factory / Image Credit: Line8 In December 2014, he unveiled his magnum opus - Line8 Pte Ltd. His relentless pursuit in entrepreneurship did not stop there. Then in 2009, Kenneth founded Twenty4frames Photography, a boutique event photography firm, racking up an extensive customer portfolio including companies like Yahoo! Mobile, Logitech, Skype, Olympus and National Healthcare Group. As the company expanded into different verticals, it underwent a strategic rebranding, evolving into Reactive Corporation Pte Ltd. In the year 2000, when Kenneth was only 18, he embarked on his first venture, Reactive Systems, which focused on battery systems for autonomous robots. The inception of Kenneth’s career saw him take on roles in distinguished organisations, including Johnson & Johnson Ortho Clinical Diagnostics and Thomson Medical Centre. The biomedical sciences diploma graduate was accepted into the University of Northumbria in Newcastle, UK, but he decided to make a bold decision to forgo higher education and embark on a thrilling entrepreneurial voyage instead. ![]() Founded in December 2014 by Kenneth Ong, his father Eddy Ong, and friend Kevin Lim, Line8 has come a long way since its inception, overcoming numerous challenges and achieving remarkable milestones. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |