Xintian Technology plans to set up 150 million yuan to establish a subsidiary of the Internet of Things

[Chinese instrument network enterprise weather vane] On August 22nd, Xintian Technology announced that the company plans to use its own funds of RMB 150 million to set up a wholly-owned subsidiary in Wuxi (Taihu) International Science and Technology Park – Jiangsu Xintian Wulian Technology Co., Ltd. Co., Ltd., the proposed business scope includes the intelligent heating visualization system for the Internet of Things, the wireless remote intelligent water meter retrofit device, and the R&D, production, and sales of the IoT smart agricultural water-saving irrigation system.


Xintian Technology Workshop
Wuxi (Taihu Lake) International Science Park is the core area of ​​Wuxi National Sensor Network Innovation Demonstration Zone. On November 13, 2009, the State Council formally approved the establishment of the National Sensor Network Innovation Demonstration Zone in Wuxi, and the “Sensing China” Center settled in Wuxi, marking that Wuxi has become the core of the development of the national Internet of Things industry.

This time, Xintian Technology set up a subsidiary in Wuxi to use Wuxi's IoT industry location location advantages, technology advancement advantages, industrial agglomeration advantages, policy environment advantages, talent advantages, and demonstration pilot advantages to improve the company's industrial layout and adapt to the company. The need for strategic development will promote the orderly progress of the Internet of Things project, further enhance the company's independent innovation capability and overall profitability, and consolidate and maintain the company's leading position in the industry.

From the data analysis, Xintian Technology has certain advantages in the field of Internet of Things. Xintian Technology has been developing in the direction of the Internet of Things smart meter and system industry in recent years. The project “Industrialization of smart meters based on the Internet of Things” undertaken by the company has been listed in the National Torch Plan Project.

With the advancement of national urbanization construction and the rapid development of smart city construction, as a part of the Internet of things and intelligent industrial chain, the intelligent metering terminal and system of the Internet of Things will usher in a broader space for development. Xintian Technology is expected to seize the opportunity to expand the market and successfully transform.

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