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HONG KONG, July 30, 2012 - (ACN Newswire) - China All Access (Holdings) Limited (the "Company" or "CAA", HKSE: 633), a leading provider of integrated information communication application solutions and application services in the PRC, successfully signed "Strategic Cooperation Framework Agreement" (the "agreement") with Zhongxing Telecommunication Equipment Corporation (the "ZTE", HKSE: 763), a global supplier of telecommunications equipment and network solutions. The partnership is expected to bring synergies in wireless communication technology product, application service and networking and system development. The agreement maps out a mutually beneficial strategic alliance between CAA and ZTE across a broad range of sectors, from mobile communication, multimedia digital trunking communication, smart city projects, to public emergency response and command systems. Complementarities between the two parties are geared towards providing technologically advanced solutions, safe and reliable network support and proactive services, all as an essential component of the development of China's national information network.
China All Access will work with ZTE on R&D, operations, and system integration and service inprivate and cooperate communication networks and informatization development. The cooperation covers project-based cooperation, joint program development (through an TD-LTE Innovation Laboratory to be created jointly in Beijing), coordinated marketing and executive management plan, joint project applications and capital market cooperation.
CAA provides integrated information communication application solutions and application services for cross-network, cross-platform and cross-market as well as individual clients, Through intimate engagement with the client's industry technology depth and management needs, CAA provides commanding center solutions, satellite communication solutions, wireless data communication solutions, and information service solutions. CAA's products are widely applied in the fields of public services including law and order, fire-fighting, traffic control, civil air defense, wireless electronic administration, safety supervision, hydraulic conservancy, environmental protection, gas, healthcare, finance, telecommunication, and high-speed rail sectors, particularly with regard to urban emergency communication, and city intergrated management. Meanwhile, ZTE has the industry's most comprehensive product range and end-to-end solutions, covering virtually every telecommunications sector, including wireless, landline, terminals and professional services. The company's broad range of expertise and flexibility in these areas allows it to serve telecom operators in over 140 countries and regions with innovative technological and product solutions.
China is on the threshold of unfolding a new generation of information network with a particular emphasis on construction of TD-LTE experimental network. Ambitious plans such as that of China Mobile, who projects to build 20,000 TD-LTE base within 2012 covering 108 million users open a broad market market space for the special project of CAA and ZTE jointly establish a TD-LTE innovation laboratory in Beijing. Severity of financial losses and casualty suffered in Northern China in recent rainstorms also prompts government to step up the improvement of emergency response systems. CAA-ZTE's new power alliance is poised to play a more pivotal role in China's next urban governance revolution, especialy in the aspect of rescue and emergency system development.
At the signing ceremony, Mr. Chan Yuen Ming, The Chairman of CAA, said, "The strategic cooperation will achieve mutual benefit. Through information collboration, joint construction of communication innovation laboratory, and joint development of enterprise solutions, we will be able to achieve effective integration and upgrading of core integrated solutions. A sincere, pragmatic and proactive strategic cooperation in city emergency response systems of new generation is bound to bear rich fruits, especialy in the aspect of rescue and emergency system development."
Contact:
Wonderful Sky Financial Group
Sun Liang / Olive Zhang / Jessie Bok / Linsey Guo
Contact: +852 3970 2198 / 3970 2126 / 3970 2130 / 3970 2129
Fax No: +852 2865 1638
Email: sunliang@wsfg.hk /olivezhang@wsfg.hk / jessiebok@wsfg.hk / linseyguo@wsfg.hk
Topic: Business Tieup
Source: China All Access (Holdings) Limited
Sectors: Media & Marketing, Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
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