Shengdao Electric joins hands with radio and television to expand the new generation of core business.

Figure 1: Signing the two sides of the photo

On October 26, 2012, Guangdian Electric and Ningbo Shengdao held a grand signing ceremony on the comprehensive strategic cooperation between the two sides in Shanghai Guangdian Electric Industrial Park. After friendly negotiation, the two sides signed a total of five cooperation agreements, covering joint venture development, technical cooperation, market development, sales agency, cultural exchange and management communication. The two sides will establish diversified and multi-level strategic cooperation relations in these fields. In view of the fact that both parties have common development goals in the field of power systems and have their own advantages in technology and market, SVA will jointly fund the establishment of Ningbo Anyiji Intelligent Control System Co., Ltd. through its wholly-owned subsidiary Shanghai Anyiji Intelligent Control System Co., Ltd. and Shengdao to jointly develop, sell and promote AEG brand components. This also marks an important step in the development of AEG brand business model, the core of the new generation of radio and television electric. The cooperation between Guangdian Electric and Ningbo Shengdao can give full play to the accumulation of Guangdian Electric in products and technologies, as well as the advantages of AEG brand, combined with Ningbo Shengdao's capabilities in professional markets, customer channels, customized production capabilities and all Customer-centered service awareness, through strong alliances and complementary advantages, the company's products can be vigorously promoted in the market, to provide more timely, convenient and cost-optimal power solutions for our common customers. The business teams of both parties will support each other and cooperate sincerely to provide the best electrical solutions for customers in the Chinese market with the fastest speed, the best products and the best service."

About Ningbo Shengdao Company:

Ningbo Shengdao was established in the 1990 s. Its predecessor was a professional communication equipment company. In recent years, its business has expanded to the electrical equipment industry. In just a few years, it has grown into a new star in the national power transmission and distribution field. Headquartered in Ningbo, the company covers an area of nearly 80,000 square meters and has more than 1200 employees. It is a national green quality credit AAA enterprise with strong technical force and annual production capacity of US $0.3 billion. At present, it has won the recognition of customers in many major projects, including Ningbo Metro, Wenchang Satellite Launch Base, PLA Mianyang Test Base and other projects.

on the shanghai radio and television electric:

Shanghai Guangdian Electric (Group) Co., Ltd. was founded in 1986, is specialized in 40.5kV and the following voltage level of power distribution and control applications. The company's products include high and low voltage switchgear, transformers, smart motor protectors, high voltage inverters, active filter devices, vacuum and air circuit breakers, integrated relay protectors, and smart meters and other equipment. For more than 20 years, we have strived to provide customers with excellent technology and services, from traditional power distribution to high-tech products such as efficient energy management, new energy, power quality and smart grid, with first-class brands including AEG, Honeywell, GE, etc. The company's customers are all over the power, public utilities, municipal construction, petroleum, chemical, and all kinds of industrial and commercial projects. Guangdian Electric is a company listed on the main board of the Shanghai Stock Exchange (stock code: 601616).