|Sino-German Joint Venture in Network Devices
18 million yuan investment to become China's leading device provider
Shanghai, 14 May 2001. - Biodata Information Technology AG of Germany establishes a joint venture with Shanghai W-Ibeda High Technology Development Co., Ltd and Beijing Beida JadeBird Beijing Universal Sci-Tech Company Ltd. to formally form the Shanghai JadeBird W-Ibeda Network Devices Co. Ltd.
This Sino-German Joint Venture, located in Shanghai, will be exclusively engaged in the production of network devices. Synergising the core competences and profound knowledge in IT security technology of its three investors, the company is well positioned to be the leading network device provider in China.
c from its three investors, the joint venture will begin operations in June 2001. The estimated production for this year is 400 sets of network devices, and the production is set to increase to more than one thousand sets by 2003.
Said Mr Warren Teh of Biodata Shanghai, "Biodata is
committed to leverage on our in-depth understanding of IT
security technologies, to strategically invest and provide
value-adding knowledge to build the joint venture into a company
that can develop network devices of world-class quality to
Said Mr Li Yin of Shanghai W-Ibeda High Technology Development Co., Ltd. "Although there are many advanced IT companies in Zhangjiang already, there are no companies pioneering in network security. The establishment of the company in Zhangjiang will improve the situation by providing Zhangjiang with a first-grade network security production base."
Said Mr Xu Zhixiang of Beijing Beida Jadebird Beijing Universal Sci-Tech Company Ltd. "Jadebird is a famous domestic IT company which possesses abundant talents and market resources. By making full use of the advantages of each company, the products of the joint venture will account for a huge percentage of China's network security industry."
About the investors
Biodata Information Technology is a global provider of network, PC and communications technology products. The company's portfolio includes Internet firewalls (Biodata BIGfire, SPHINX PC Firewall), high-speed data and e-mail security products (Biodata Babylon, Biodata SecureDesk), plus security alerting and monitoring hardware for IP-based systems and network services. With Biodata Babylon, the company is world market leader in ISDN encryption - Biodata SecureDesk won the prestigious "Microsoft Application Partner of the Year 2000" award. Biodata solutions are trusted by financial institutions, Fortune-500 companies, and government agencies around the world, including DaimlerChrysler, IBM, Sony and Citibank. Biodata offers worldwide support and distribution with a total of 22 offices in 15 countries, its network of distribution partners extending to more than 70 countries.
Shanghai W-Ibeda High Technology Development Co., Ltd. is a well-known information technology company under the China Worldbest Group. It specialises in network security products and services, and obtained the Shanghai High-Tech Enterprise Qualification Certificate in March 2001. It possesses a series of copyrighted network security products and has completed a number of representative projects.
As the pillar enterprise of Beijing University, Beijing Beida Jadebird Beijing Universal Sci-Tech Company Ltd. has made remarkable achievements in the development of hi-tech science. It is the first domestic company to list successfully in H share on Hong Kong stock market.
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