China IC Network
Title: Chongqing Southwest Computer Forms an Alliance with Thain Technologies of the UK and Yaga Technologies of Hong Kong
Release Date: January 25, 2008
https://www.ic37.com/news/2008-1_39242/
Chongqing Southwest Computer Company Limited (hereinafter referred to as Southwest) has announced to the public that it will cease to operate as a civil power entity by the end of this year. One of the main initiatives of this move is the formal signing of a tripartite technical cooperation agreement on 25 October 2007. This agreement was signed between Southwest Computer Company Limited and UK-based Cyan Holdings Company (hereinafter referred to as Cyan) and Hong Kong-based ASKA Technology Limited (hereinafter referred to as ASKA). The signing ceremony was witnessed by officials from Chongqing Municipality, the local and national tax bureaus, and the Senior Commercial Attaché of the British Consulate in Chongqing.
The signing of the framework agreement establishes long-term cooperation with Cyan in two areas of civilian technology: tax-control machines and remote meter reading. Cyan, which has always specialised in military technology, will further expand its technological strengths in the development of civilian products. Previous cooperation agreements have only involved signing ceremonies. This one is different. The tripartite agreement signing ceremony began at 25th Oct, in the morning and quickly turned into a technology promotion meeting. During the three hour ceremony, three of the Cyan’s engineers confidently outlined their company's technological advantages.
Cyan is a technology company listed on the London Stock Exchange in the United Kingdom. It was founded in 2002. Cyan is a market leader in microcontroller chips and wireless networks, environmental monitoring systems, and other cutting-edge technology. Our products are in high demand in Asia and Europe, and we have established Cyan Asia Ltd in Hong Kong to better serve our customers in the region. Southwest has been around for 40 years. The state-owned military enterprise was one of the first high-tech enterprises in Chongqing. While it has a strong reputation, it is still a newcomer to the civilian market because its focus has always been on military products. The company has always been a customer of the third party, ASKA. ASKA is the main distributor of Cyan products. This has led to a three-way partnership. The first generation of tax-control machines was developed successfully before the signing of the three-party cooperation agreement. The aim of this collaboration is to integrate Saintech's control chip into the second generation of tax-control machines and remote meter reading technology, which is primarily used in the electric power and utility sectors.
The reform of the national tax system will introduce relevant policies requiring all business entities to be used in the future tax-control machine to pay taxes (including national and local taxes). The first batch of tax-control machines will be government-bid by the end of this year. The three parties will catch up with the bidding to achieve the purpose of the technology and product upgrades and the signing of this agreement. The domestic tax-controlled cash registers are currently being upgraded to improve their tax functions. This is in line with national tax standards and applies to all current production models. Southwest, Cyan and ASKA Technology are cooperating on two fronts. Firstly, we will accelerate the development of the next two or three generations of tax-controlled cash registers. Secondly, we will enhance the business functions of these cash registers, ensuring they not only meet all national tax standards but also offer additional features. We can make the business function multi-purpose so that users can complete a variety of tasks on a tax-controlled cash register. These include daily, monthly, and annual reports, statistics, market demand analysis, data collection, and even multimedia functions. In short, we can make the tax-controlled cash register multi-purpose and use PC computer functions.
The Southwest will intensify its efforts to develop industrial control products. The Southwest’s current production of flow counting products is forming a scale that is moving towards intelligence, digitalization. Cyan also has the advantage of development in this area. ASKA has the advantages of marketing and logistics channels. The three parties have decided to work together and are entering the flow counting products market as a unified force.
