Showing posts with label origin story. Show all posts

A Little History

I wrote, “You were our pride, and will always be on our minds.” on his Guest Commemorative book before I left the Memorial Hall.

I was in Beijing on 10th April, attending the 6th anniversary ceremony to commemorate the late Professor Wang Xuan (1937-2006), the founder of Peking University Founder Group, and who was also a great scientist.  But most of all, he was my mentor. Without him, PUC Founder of Malaysia wouldn't exist. Without his encouragement and support, we will never venture into biometrics technology.

Professor Wang Xuan (1937-2006)
He invented the first Chinese Laser Typesetting System, helping China to abandon the conventional typesetting system. I still remember in the 80s of last century, English Electronic Publishing System had already been widely adopted in the printing industry. But for the Chinese language, it was still at the research level, to contain the large amount of character sets (more than 10 thousands) by using the 26-Roman character keyboard, or on the verge of the Chinese input method, not to mention the printing press that required high quality fonts. How to convert the jagged Chinese characters into a smooth vector font? How could Founder achieve the same output speed on the then computer for the same size of page that contain an average of 100 times more different Chinese characters than an English page? How to paginate a Chinese content on a computer? Besides, unlike the A to Z of 26 characters, to create the Chinese font, every different typeface has to be crafted approximately to 10 thousand separate characters.

If all these hurdles remained unsolved, the Chinese nation that once invented paper in the 1st Century and movable clay typesetting in the 11th Century would have been trapped forever in the conventional way of lead-cast Chinese typesetting that was being used for the past hundred years. The Chinese publishing industry would have fallen untimely behind in the computer era.

Manually picking every lead-cast Chinese characters to construct a pre-print page
Started as an academic research project at the University in 1975, with all the hardship Professor Wang underwent, eventually his invention had helped revolutionize the whole Chinese printing industry. The commercialization process of his research work also helped to expand the entities owned by Peking University into a very large and successful enterprise.

Today, Founder Group has an annual turnover of USD 5 billion, and a staff force of 20,000, diversifies businesses in real estates, hospital, securities and etc in China and some other countries on top of its core Electronic Publishing System and other IT products.

Founder Group headquarters in Beijing
With the guidance of Professor Wang, I co-founded PUC Founder in Malaysia in 1995. The company was later developed and listed in Malaysia Stock Exchange. He knew that the Chinese electronic publishing industry might not sustain our long-term growth in this region. He then introduced to us two researchers that worked on fingerprint verification algorithm from Peking University, and he encouraged us to take on the new challenge that finally initiated our new venture.

That’s how FingerTec began its long march, and the rest is history.

Overall, I'd like to think he had a great influence over me not because he was a great scientist, but rather because he was a great man. He once said, "You have to be a respectable man to build a respectable business." And, true enough, he did lead an exemplary life.

by Teh Hon Seng, CEO, FingerTec HQ

I wrote, “You were our pride, and will always be on our minds.” on his Guest Commemorative book before I left the Memorial Hall. I was ...

Unforgettable Moments

Among the many places that we went, my wife suddenly asked me last week: which was my most memorable moment? Without a second thought, the image of dusk at the River Nile during our stay at the Sofitel Resort Hotel, Luxor, Egypt, popped up. And my wife agreed that the same moment would last forever in her memory too.


What a scenery!

The setting sun slowly descending below the skyline. Clouds hanging low. Strings of smoke swaying upwards at the far opposite riverside of the Land of Death. A gust of wind wafts through the palm trees. Waves rising and subsiding. Chirping birds flapping home. Extraordinary serenity derived from the scene of two yachts moored side-by-side to quay. We strolled on the manicured lawn along the riverbank. That was the moment our minds easily dissolved into; an atmosphere that was shrouded by an ancient pharaoh history.

What an unforgettable moment!


The pharaoh history in Luxor, Egypt

And this year FingerTec celebrates its 10th Anniversary. Overseeing the high and low moments for the last decade, what are my unforgettable moments for the history of FingerTec?

I had, in fact, more than one. So I listed it down as a remembrance of our journey toward glory.

Year 1999 – The trend showed high growth in the Biometric industry especially for the commercial sector. Excitedly we decided to move in to capitalize on the huge potentials. And that’s the one decision that later led us to suffer for a long five years.

Year 2000 – We received the approval letter from the government for an R&D Grant worth approximately RM1 million to develop the first ever fingerprint reader in Malaysia.

Year 2004 - After our first and second model the AC600 and the AC700 hit the road respectively, the response was unexpectedly lukewarm. The high return rate was another big blow. The staff spirited at an all-time low. When R&D staff started to resign one after another together with the executives in charge, I thought our days were numbered.

Year 2006 – When my accountant knocked on my door to announce the improvement of cash flow and that FingerTec sales increased by two folds, I nodded happily and knew the new products, new policy and new sales strategy we introduced in 2005 started to get a positive impact.

Year 2007 – Our marketing manager tabled a statistic to show that our export sales achieved 70% from our total revenue.

Year 2008 – We finally completed the 8 support microsites with a CRM system sitting at the back to ensure service quality. All I knew was that our operations could be kept very slim while the business continued to grow.

Year 2010 – Webster, an integrated product is scheduled to launch by the end of this year to work wonders for customer service; and we expect it to lift us to another level, and to distinguish us from our rivals. A highly hopeful moment started to form in my mind.

But why dwell on the unforgettable if you have a whole future awaiting you?

by Teh Hon Seng, CEO, FingerTec HQ

Among the many places that we went, my wife suddenly asked me last week: which was my most memorable moment? Without a second thought, the...

Meeting The Legendary Guy of Bangladesh

Last week I met a great guy. Mr. Abdul Khaleque Pathan looks like an ordinary person in his late forties or early fifties. The difference is, he is a self-made billionaire with a success story that’s legendary in Bangladesh.


Mr. Khaleque (middle), Mr. Saiful Kamal (right)


One of the largest garment factories in Bangladesh

It all started with a very humble beginning. Right after high school, he worked as a truck driver. Many years later he started his own business, and now he owns two listed companies, and one of the largest garment factories in the country that are hiring over 13,000 workers. His Khaleque Group of Industries is also producing detergents, soaps and a series of cosmetic products, named after his youngest daughter, Keya.

"I began the business with 20 dollars (1,380 taka) in my pocket," he told me. With no collateral, bank loan was out of the question. Having no willing relatives and friends to lend him a helping hand, hopelessly he turned to the lowest of the low, beggars on the street, and begging them for some startup money.

“Every dime I borrowed from them, I make sure to repay them with interest in the following month. And my beggar friends trusted me.” Who would have thought that the beggar's ‘financial system’ had helped the ambitious and visionary young man overcame his hardest time in life.

He built the business empire in this outskirt hometown of his, Gazipur, which is 40 kilometers away from the big Dhaka city, and still headquartered his whole operation in this small town till now, with the main purpose is to provide more job opportunities to his fellow poor villagers, a fact which I learned later. The welfare he provided to the workers is highly praised in this little township.

Mr. Khaleque’s management discipline was shown by the rows of FingerTec TA103R readers that are laid orderly along the production lines.

"A total of 170 units so far and we expect more to come," Mr. Saifulhaque Kamal, Managing Director of General Automation Ltd., our distributor in Bangladesh, said proudly while walking with me from one end of the production plant to another.

“The automation of time and attendance process has been proven worth the investment,” said Khaleque Group Asst. IT manager, Mr. Nasim "It prevents fraud and saves us a lot of time and money.”

Mr. Nasim(right), and FingerTec TA103R reader

Saiful wasted no time from taking advantage of the meeting rather than it just being a courtesy visit; he struck a deal with Khaleque Group this time for the maintenance contract. It is no surprise his sales of FingerTec improved by 30% each year.

Garments being Bangladesh largest products and exports, the factories are seen mushrooming over Dhaka in the last few years. “Khaleque Group is our biggest single installation so far. Besides, we have a few smaller installations in garment factories that are closed to a hundred units. And we are expecting more projects this year.” Although the traffic is always hectic in Dhaka, where the General Automation office is located, that news felt like the pleasant evening breeze, soothing me in our way back to Dhaka after the visit.


The welcoming was really warm from General Automation

Thanks to Saiful, and his two partners, Mohd. Reazuddin and Shamima, for all their hospitalities while I was in the country, making my two days stay in the land of the Bengalis fruitful and memorable.

by Teh Hon Seng, CEO, FingerTec HQ

Last week I met a great guy. Mr. Abdul Khaleque Pathan looks like an ordinary person in his late forties or early fifties. The difference ...

There’s No Regret


"....though I never thought that we could lose, there's no regret, if I had to do the same again, I would, my friend, Fernando", and there goes a part of Abba’s famous song, Fernando, which presents a vision of nostalgia of two veterans reminiscing in old age about a war of liberation that they participated in during their younger days.


The old bittersweet memories revisited me over a feature-film “Mama Mia”, adaptation of the beloved musical Swedish super-band Abba screening in theatres recently.


Some friends asked whether I would start the Biometrics business once again if I have the chance to go back to the past. They all had seen me suffered and witnessed the struggle for the business to turnaround, thus, the question is, was it all worth it?

Business is very much similar to a war, but at the same time very different from a war. The battleground in business and war are both merciless and cutthroat. However, in a war, winning suffers lost of lives and losing always claims more. War is about life and death and one may end up in a sudden full stop. In contrast for a business, you may accept defeat and your lost of investment; but you may still have the chance to return to conquest your losing ground bit by bit so long as your fighting spirit is still burning.

Life was hard in my early days back in 2000, during the development of our biometrics products. The endless challenges, one after another, both technology and market struggles, failure after failure. A series of tasks, to reduce FAR (false acceptance rate) and FRR (fault rejection rate), to improve reading speed and 1: N verification, to achieve user-friendliness, cracking many scientists’ heads over the years.

Investment drained in vain and staff started to leave when the sunlight was not in sight. Our business only started to dawn in 2005, not before a cruel bloodshed and corpses of our defeated models piled in our labs.

Let us bear the pain, do not extend it to our customers! This is my conclusion after 5 years of suffering.

And two objectives were derived: To help our resellers to sell FingerTec products easier and to reduce resellers’ support costs and time. To achieve these 2 objectives, 4 modules that include Marketing, Training, Products and Technical were introduced in our Global Reseller Program. To deliver the 4 modules, 7 supporting websites were established to cover requisition of marketing materials in hardcopies, useful sales information in softcopies, training materials in softcopies, user technical guides, technical tips, accessories, and warranty claim, all are ready to serve its designated purposes.

And the presence of our products in 90+ countries worldwide finally rewarded us a small piece of success story.

Of course, life must goes on, so does a business. And the newborn model, FingerTec TA100 DIY, making its debut this month to further deliver simplicity, and with the missionary objective to put the resellers and the SME/SMI customers at ease. Off-the-shelves-kind of product, one might say.

So, there’s no regret. And, there’s no envy too of me seeing someone signing a multimillion contract for a single project. I choose to have multimillion pleasant customers using FingerTec products to claim a single victory. And, I was contended and would continue to deliver a simple message to my customers: With FingerTec, everything is easy!

So, my reply, “If I had to do the same again, I would, my friends.” And it’s definite.

by Teh Hon Seng, CEO, FingerTec HQ

"....though I never thought that we could lose, there's no regret, if I had to do the same again, I would, my friend, Fernando...