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Jingzhao Water Meter is a wholly-owned subsidiary of Beijing Water Supply Group Co., Ltd. and is one of the earliest manufacturers engaged in the repair, production and R&D of water meters in China. The business covers all types of metering equipment within the scope of water supply of the Beijing Water Group.
The content of the strategic cooperation framework agreement is that the company purchased an automatic water meter testing equipment with a bore diameter of DN80 to DN200 and installed it on Jingzhao water meter for both parties to use for meter testing. Jingzhao Water Meter provides places for both parties to carry out R&D and after-sales services for various types of water meters. The resulting intellectual property rights are shared by both parties. Jingzhao Water Meter will entrust the Sanchuan Group to manufacture the required smart water meters (DN15 to DN20) and special-purpose water meters. The above cooperation period is from January 1, 2016 to December 31, 2021.
The company said that this cooperation aims to integrate the resources of both parties and create complementary advantages and synergies. It will promote the rapid entry of the company's smart water meters, especially the Internet of Things water meter into the Beijing market, in order to fully prepare for the intelligent updating and reconstruction of online water meters in Beijing's urban areas. It also lays a solid foundation for the company's comprehensive and in-depth cooperation with Jingzhao Water Meter and even Beijing Water Supply Group Co., Ltd. Before the signing of this cooperation framework agreement, Jingzhao Water Meter has issued 10,000 purchase orders for IoT water meters to the company.
[Chinese instrument network enterprise vane] On January 12, 2016, Sanchuan announced that it has signed a strategic cooperation framework agreement with Beijing Jingshui Water Meter Co., Ltd. to speed up the development of smart water meters. The signing of the agreement laid a solid foundation for Sanchuan’s IoT meter to enter the Beijing market.