Hangzhou, February 11, 2009 - Today, Intel Corporation announced investment and technical collaboration agreements with Enjoyor Technology Group (Enjoyor). The Intel Capital investment will help support Enjoyor’s R&D and innovation in traffic intelligence and Digital healthcare. In addition, Intel Software & Services Group signed a 3 years business collaboration agreement with Enjoyor which would deepen the technical and business development collaboration to improve the company’s independent innovation and go to market capability, help realize industry transformation, thus promoting the development of Hangzhou’s economy.
Tong Guili, vice Mayor of Hangzhou Municipality; Kostas Katsohirakis, vice president of Intel Software and Services Group (SSG) and director of Strategic Business Development; Cadol Cheung, Managing Director of Intel Capital Asia Pacific; Wang Hui, Chairman of Enjoyor; and Zhang Lizhong, General Manager of Enjoyor all attended the signing ceremony held today in Hangzhou.
According to the agreement, the investment and collaboration aim to strengthen Enjoyor’s innovation in intelligence technology and mobile Internet solutions. In the area of traffic intelligence, the two parties will speed the application of MID (Mobile Internet Device) for traffic management, to relieve traffic congestion and improve road capacity and efficiency. In the area of digital healthcare, the two parties will accelerate the development and application of Intel® Atom™ processor based solutions while gradually improving the patent-centered wireless clinical system. As demand from China’s MID market continues to grow, Intel will strengthen Enjoyor’s innovation while forging collaborations in market development to help Enjoyor explore domestic and international markets.
Tong Guili, Vice Mayor of Hangzhou Municipality said: "Hangzhou Municipal Government attaches great importance to the development of local high-tech enterprises. Facing a challenging global economic situation, it is important for local companies to enhance their innovation capabilities and their abilities to resist risks. The state government has recently launched a series of economic incentives to boost domestic demand and stimulate investment. We are very glad that famous enterprises such as Intel are investing in Hangzhou’s local companies. The collaboration between Intel and Enjoyor will surely advance the development of Hangzhou’s traffic intelligence and digital healthcare. It will not only drive Hangzhou’s economic growth but also increase the convenience of local residents’ travel and medical care."
“The fund comes from the US$500 million Intel Capital China Technology Fund II, established to foster local innovation and the growth of high-tech companies in China,” said Cadol Cheung, Managing Director of Intel Capital Asia Pacific. “We hope our investment will help upgrade local industry, contribute to the continuous growth of the local economy, and to support the development of China’s high-tech industry ”
“Intel continues in-depth technical and business collaboration with local software companies to bring the benefits of IT technologies to more customers,” said Kostas Katsohirakis, Vice President of Intel Software and Services Group (SSG) and Director of Strategic Business Development. “Through working with companies like Enjoyor, we will strengthen mobile software and services innovation and improve go-to-market capabilities for emerging software companies.”
“Enjoyor is honored to have capital and technological support from both the Hangzhou Municipal Government and Intel,” said Wang Hui, Chairman of Enjoyor. “With the government’s support and Intel’s strong technology as a base, we have the confidence and determination to build Enjoyor into a leading provider of traffic intelligence and digital healthcare solutions. “ Zhang Li, General Manager of Enjoyor also said: “Enjoyor and Intel have had extensive collaborations in the informatization of China’s medical system. In 2008, we launched the mobile clinic assistant (MCA) together. I believe this partnership will further extend the collaboration between us, and drive the development of China’s medical system's informatization.”
Intel first launched the Intel Software Park Program in Hangzhou in 2006, where it established the Intel Zhejiang Software Technology Innovation Support Centre to provide services and technical support for local IT companies. Enjoyor is the second company in the Software Park of Hangzhou’s High-Tech Industry Development Zone to receive an investment from Intel. Previously, Intel Capital invested in Zhejiang Supcon Technology Co., Ltd. (Supcon). A key project of the Hangzhou government, the Software Park has played an instrumental role in the development of Hangzhou’s economy. Intel will continue to work closely with companies in the Software Park to support home-grown innovation and further contribute to regional economic growth.
About Intel
Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and http://blogs.intel.com/china.
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$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com
About Intel Software and Service Group (SSG)
The Intel Software and Service Group (SSG) connects Intel to the worldwide software community. SSG strives to help independent software vendors, operating system developers, OEMs, channel members and systems integrators deliver exceptional customer value and achieve differentiation on Intel processor technologies. SSG provides global leadership to the software community through its technical expertise, industry enabling activities, and developer products and programs. For more information, please visit www.intel.com/go/software.
About Enjoyor
Established in November 1992, Enjoyor is an integrated urban intelligence solution provider focusing on mobile computing and intelligent recognition technologies, and devoted to city traffic intelligence, medical digitalization, building intelligence, education informatization, security automation, financial electrification, etc.
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