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Jiangsu Zhongtian, Chinese Academy of Science Teams Up
[July 29, 2014]

Jiangsu Zhongtian, Chinese Academy of Science Teams Up


(Sinocast Machinery & Industrial Goods Beat (China) Via Acquire Media NewsEdge) SHENYANG, July 29, SinoCast -- Jiangsu Zhongtian Technology Co., Ltd. (SHSE: 600522) revealed cooperative agreement with the Shenyang Institute of Automation (SIA) under the Chinese Academy of Science (CAS) for marine observation networking equipment and system research and development with a term of three years.



As agreed, both sides will be engaged in developing new products and applications relating to marine observation network and ocean technology equipment to improve national defense information security and submarine resource prospecting and serve national marine economy.

Future growth will be boosted by national defense and new energy equipment. China planned to build 8,000-kilometer marine observation network in South China Sea with a total investment of CNY 160 billion, including CNY 32 billion for submarine cable system. The company has become sole supplier of submarine cable system for marine observation network in South and East China Sea.

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