BEIJING, Nov. 4 (Xinhuanet)--On Nov 4, Xi Jinping, Chinese President, visited Wasion Group. He was deeply impressed with the innovative power of the Group which was fully demonstrated by its self-developed products such as smart power meters, electric automobile A.C. chargers and active power filters. The Group"s representative told the President that 6% of the group"s revenue was invested into research and development annually. Wasion"s products have entirely replaced imported goods that use in China and have also been exported overseas. Xi Jinping hoped that the Group could continue to enhance the research and development, and constantly strive for innovation.
Wasion Group Holdings Limited is a company which is principally engaged in the research and development, manufacture and sales of smart meters and smart metering solutions. The group innovative power is maintained at market leader position, its market share in high-end power measurement equipments ranked no. 1 in China. Each year around 50% of the sales belonged to new developed products. In 1H 2013, revenue recorded RMB114.5 million, increased by 4% as compared year on year.
Changsha was alive with spring blossoms. On April 16, a group of friends from afar visited the Wasion Science and Technology Park in the Changsha National Hi-Tech Industrial Development Zone for a historic moment - the opening of Smart Metering Solutions (Changsha) Co., Ltd. ("Smart Metering Solutions"), a joint venture of Waison Group and Siemens Ltd., China.
On that day, over 100 attendees witnessed the opening of the joint venture, including Thomas Theinert, CFO of Siemens" Infrastructure & Cities Sector for Northeast Asia; Patrik Dresen, CFO of Siemens Smart Grid Division"s Technical Service Department; Walter Daumann, president of Siemens Smart Grid Division"s Metering, Communications & Services Sector; Robert Demann, president of Siemens" Smart Grid Division for Northeast Asia (chairman of Smart Metering Solutions), all executives of the Wasion Group including Chairman Ji Wei, as well as representatives from Smart Metering Solutions.
At the ceremony, Thomas Theinert delivered an address, noting the joint venture will use technology to help Siemens and Wasion better cope with the challenges faced in making cities worldwide more livable, competitive and sustainable. Subsequently, Ji, on behalf of Wasion Group, extended congratulations on the opening of the joint venture, noting Smart Metering Solutions has emerged in line with the general trends of economic globalization and China"s new urbanization amid major opportunities from global smart grid construction and the development of new metering technologies.
Despite different origins, language differences did not impede their exchanges. The opening ceremony was immersed in a relaxing atmosphere. The leaders of Siemens, Wasion and Smart Metering Solutions cut the ribbon for the joint venture, marking the opening of Smart Metering Solutions after seven months of preparation.
As Siemens" first smart grid joint venture in China and Asia, Smart Metering Solutions (Changsha) Co., Ltd. will offer customers innovative meter data management software solutions and high-value-added operation services to enhance their business efficiency. The establishment of Smart Metering Solutions marks a good opportunity for Siemens and Wasion Group in their joint effort to seek opportunities in the Chinese smart grid market and a milestone in the global development of smart metering. The two sides will make full use of their joint competitiveness and complement each other"s advantages to provide strong support for the further development of the Chinese smart grid market. Smart Metering Solutions will march towards the goal of becoming a key supplier of smart metering products in the world.
Under the directing of Mr. Gao, CEO of the joint venture, the ceremony began.
Thomas Theinert, CFO of Siemens" Infrastructure & Cities Sector for Northeast Asia, delivered a speech.
Ji Wei, Chairman of Board of Directors of Wasion Group, delivered a speech.
Leaders from Siemens, Wasion and JV cut the ribbon of opening ceremony together.
13th September, 2012- Wasion Group (HKEx: 3393), a leading provider of smart measurement equipment and integrated solutions in the PRC, is pleased to announce that it has entered into a joint venture contract with Siemens, whereby Smart Metering Solutions (Changsha) Co. Ltd. (施維智能計量系統服務(長沙)有限公司) was established. The newly founded company will provide innovative solutions for meter data management software, as well as operational services with high added value in the PRC market. Such offerings will help customers to enhance their operational efficiency.
Wasion and Siemens will provide the joint venture with exclusive technologies and management experiences on solutions for meter data management software. At the same time, Wasion will assist the joint venture to gain an international footing by providing related technological support on the development and manufacturing of power meter, gas meter, water meter and heat meter.
The business segments of solutions for meter data management software and operational services will mainly target at the PRC market, while the sales channels of Wasion and Siemens will both play a vital role in expanding our business footprint.
For the export business of the meter products, through the establishment of the joint venture, Wasion Group will be able to leverage on the worldwide network of Siemens to broaden its overseas meter business rapidly.
The Chairman of the Wasion Group, Mr. Ji Wei said “Since May 2010, a strategic cooperation framework agreement was signed between Wasion and Siemens. In late December 2011, a supply agreement of metering hardware was entered into by both parties. These are all the foundations we set up for the establishment of the joint venture for today. The establishment of the joint venture also symbolizes that Wasion and Siemens have entered into a new stage of cooperation. I have great faith that both parties will fully utilize their joint competitiveness, such that a win-win situation will be achieved under the complement of our strengths and weakness.”
Dr. Jan Mrosik, the CEO of the Smart Grid Division of Siemens’ Infrastructure & Cities Segment, stated “By joining forces with Wasion, we will significantly advance our business with meter data management solutions on the Chinese market. We are contributing our expertise and our experience with the EnergyIP meter data management system, which has become an integral part of our portfolio following our acquisition of eMeter. For us, the joint venture is an additional milestone on our way to becoming one of the leading global suppliers of solutions for smart grids..”
Siemens is a global leader in electronics and electrical engineering, operating in four business areas: industry, energy, healthcare, infrastructure and cities. For 140 years, Siemens, has pioneered cooperation with China at all fronts through its solutions, technologies and products. Siemens’ unique strengths in technological excellence, continuous innovation, outstanding quality and reliability are widely recognized in China.
(Changsha, July 4th, 2012) - Wasion Group was pleased to announce the award of certificate issued by PT PLN (Persero) Product & Quality Management System Certification Department after a two-day’s Sertifikasi produk (SPM) testing. The acquisition of this certificate signifies that the Prepaid Power Meter of Wasion Group has already conformed to the requirements of the State Grid of Indonesia in the aspects of “Factory Production “and “Product Quality Control” and beneficial for our business development in Southeast-Asia market.