On 18 January, three Lithuanian companies, Teltonika, SoliTek and Oxipit, announced that they had launched cooperation with Taiwan on joint projects and facilitating trade. According to a press release issued by the companies and the Lithuanian Ministry of Economy & Innovation, Teltonika, which specialises in the industry of networked devices, the so-called Internet of things (IoT), and the biotechnology start-up Oxipit will receive financial support from Taiwan’s foreign ministry (€10 million and €3.5 million respectively).
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