We believe great emphasis on product functional and performance design, research and development is key to our past and future successes, and our IDM business model has brought us the following key competitive advantages:
We strive to develop break-through products to lead the industry. We are able to generate, grasp and realize ideas and develop technologies across multiple industries and product lines. Our strong product design, research and development capabilities are critical to successfully building and maintaining our leading market position globally.
We focus on optimizing the functionality of our products, and we efficiently commercialize new product functional and performance designs. As a result, we believe that we have become an important product development partner for our leading brand customers. As we focus on the research and development of raw materials, functionality and comfortability, our products can fulfill our customers' high-quality and sophisticated requirements. Over the past decades, we have received a number of issued patents for our products and functional technology innovations.
In addition to working closely with our customers on product development, we integrate up-and down-stream resources in the industry value chain and take part in core stages related to research and development. We jointly develop new raw materials with well-known suppliers in the intimate wear industry, including Inoac, Pacific Textiles and Best Pacific while, at the same time, working together with other raw material suppliers such as world-renowned chemical engineering companies Henkel and Bluestar, to develop innovative functional materials and application solutions. Some of these materials are exclusive for our use only.
We introduced the CAD/CAM technology which can effectively solve issues frequently encountered in the traditional manual production process, such as imprecision, inefficiency and inferior quality. Moreover, this new technology can facilitate the rapid fabrication of bra cup molds. Such technology has become the mainstream engineering skill for mid- to high-end intimate wear manufacturers.
We jointly developed a hemming skill with our European suppliers to manufacture seamless and stitchless bras. This skill can effectively enhance the appearance and comfort of bras and has become a popular practice within the industry.
We introduced the hot melt adhesive technology. Compared with the traditional method, it is more environment-friendly and carries the advantages of faster coating speeds, lower energy consumption and higher breathability. This technology has been widely adopted within the industry by companies that manufacture high-end products.
We also introduced the injection molding technology and 3D printing technology, both of which are examples of cross-industry technology transfers in the intimate wear industry.