The new partnership will create a number of new business growth opportunities.
China Gas Holdings Limited and China United Network Communications Corporation Limited has entered into a partnership that will establish an internet system for the gas industry, starting with an Internet-of-Things (IoT) enabled gas meter.
This is part of these companies strategic partnership in the fields of gas industry, digitalization and intellectualization to actively explore the upstream and downstream gas industry, and establish industry standards for China’s gas ecosystem.
China United Network will provide China Gas an end-to-end integrated solution, with NB-IoT gas meters and 4G/5G high-flow commercial meters. It will also offer network, module, plan and platform-based services and discount prices to the gas company for the promotion and application of IoT gas meters across China, thus providing all-rounded protection for the connection of millions of gas equipment of the Company and its operation management.
The partnership also aims to create digitalised products by facilitating the establishment and optimization of the technical standards of the gas IoT industry.
“The Group believes that the entering into the Strategic Cooperation Agreement will be beneficial for both parties to exploit their respective advantages and resources. Through research and collaboration in key gas IoT technologies, IoT terminals, IoT platform and application, traditional IoT operating modes and other aspects, the development of gas and IoT industry in China will be further promoted, and the Company can achieve greater corporate and social benefits, thus creating higher value for shareholders,” China Gas said.
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