HANGZHOU, China, Oct. 31, 2007 – Intel Corporation and SUPCON* Group Co., Ltd, a leading provider of industrial automation technologies, announced plans to collaborate in software innovation and the provision of optimized solutions for China’s industrial automation industry. In addition, Intel Capital, Intel’s global investment organization, today announced it has invested US$10.5 million in Zhejiang’s SUPCON Technology Co., Ltd, a subsidiary of SUPCON Group.
The investment will support SUPCON Technology’s overall business growth. SUPCON Technology is one of the leading Chinese distributed control systems (DCS) companies with more than 5,000 customers in a wide array of industries including petrochemical, chemicals and food processing.
“Our investment in SUPCON Technology demonstrates Intel Capital’s support for the software and solutions industry of China,” said Arvind Sodhani, president of Intel Capital. “Intel Capital’s ongoing mission is to invest in global technology innovation and we believe this transaction will contribute to the growth of China’s IT industry. Through our collaboration with one of the leading local providers of industrial automation technologies in China, we hope to help SUPCON further penetrate the industrial vertical market segment and enhance its ability to provide automation solutions worldwide.”
According to the business collaboration agreement between Intel’s Software and Solutions Group and SUPCON, the two parties will work together to develop and promote innovative industrial automation solutions based on Intel platform and software technology to customers in China. Intel will also support SUPCON Group in marketing its products and services globally by connecting SUPCON with Intel’s channel and other ecosystem partners outside of China.
The business collaboration agreement extends the technology and marketing collaboration initiated with SUPCON’s membership is part of the Intel® Software Partner Program (ISPP). ISPP establishes a framework for collaborative solution development and cooperation between Intel and members, from business planning and product development to marketing and sales. In China, ISPP contributes significantly to local software partners’ development by enabling them to innovate with Intel tools, software technology and to achieve win-win results on the Intel platform.
“Our cooperation with SUPCON Group marks another achievement in our commitment to growing with China’s IT industry. It also reflects our dedication to foster China’s innovation and passion to lead local Chinese companies to global success,” said Dr. Wang Wen-Hann, vice president of Intel’s Software and Solution Group. “Through our strategic partnership with SUPCON Group, we will be able to deliver advanced industrial automation solutions based on Intel technology and better contribute to China’s booming economic growth with win-win results.”
“Advancing industrialization with information technology and transforming the local industry with high-tech products are defining business goals of SUPCON Group,” said Professor Chu Jian, chairman of SUPCON Group. “We are excited to work with Intel, a world leader in information technology. Through Intel’s business cooperation and strategic investment, we will obtain the cutting-edge technology and global resources necessary to enable us to become a world-class automation solutions provider.”
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech.
Since 1991, Intel Capital has invested more than US$6 billion in approximately 1,000 companies in more than 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States.
For more information on Intel Capital and its differentiated advantages, visit www.intel.com/capital.
Intel Software and Solutions Group
Intel® Software provides resources, technologies, products and services developers need to create innovative products and industry-leading software solutions with enhanced business value and are designed to run best on Intel platforms. For more information, visit www.intel.com/go/software.
About SUPCON Group
Established in 1993, SUPCON Group is a national high-tech enterprise providing R&D, manufacturing, marketing and engineering services for automation and information technologies, products and solutions. Headquartered in Hangzhou of Zhejiang Province, SUPCON Group has more than 1,800 employees and 8 subsidiaries with 16 branches and 22 sales departments in China mainland, 3 overseas offices in India, Vietnam, and Pakistan. Specialized in distributed control system, scientific instrumentation, remote monitoring equipment, municipal government and road control system, intelligent building and home intelligent control system, and equipment automation etc., SUPCON aims to become the influential provider of overall automation solutions in the world.
Intel and the Intel logo are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.
* Other names and brands may be claimed as the property of others.
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