Welcome!

News Feed Item

Mercury Cable Files Complaint With U.S. Government Officials Asserting Economic Espionage Being Conducted by Hai'an Government Officials in Conjunction With Martin Wang

DANA POINT, CA -- (Marketwire) -- 01/07/13 -- Mercury Cable & Energy ("Mercury"), the leading developer of High Voltage Composite Reinforced Conductors ("HVCRC") for electrical transmission lines, has filed a complaint with the U.S. Bureau of Industry and Security along with the Federal Bureau of Investigation for the illegal seizure of Mercury's production facility in Hai'an and the theft of Mercury HVCRC trade secrets, cash and restricted military grade raw materials. In its complaint Mercury has asked the U.S. Government to work directly with Beijing officials to rectify the illegal actions and hold the guilty parties accountable including naturalized U.S. citizen Martin Wang, Mr. Cao Hong Xin and Mr. Li Zheng the mayor of Hai'an and other Hai'an government and Industrial trade zone officials.

According to Todd Harris, President, Mercury Cable & Energy: "On January 5, 2013 Martin Wang and criminal elements in his employ seized the factory facility of Mercury Cable in Hai'an China (located outside of Shanghai near Nantong in Jiangsu Province). The seizure occurred in a pre-dawn assault on the security guards at the factory who were beaten by the thieves. Martin and his criminal associates stole Mercury's advanced composite production lines as well as the aerospace/military grade carbon and glass fiber. The late night theft was orchestrated and led by Martin Wang together with Chinese nationals Mr. Li Zheng from Shenzhen and Mr. Cao Hong Xin, a local Hai'an businessman. In addition, local Hai'an officials appear to have been complicit in the theft including Mr. Xu Hai Yong the governor of Hai'an and Mr. Zhang Yong Hua, who is the vice governor. It is believed that each of them received bribes, kickbacks and other illegal consideration to participate in the takeover and theft of Mercury property."

Mercury representatives filed a report with local police and lodged official complaints with the local Hai'an government authorities. To date, no meaningful action has been taken by the Hai'an government to arrest the perpetrators or recover the equipment and inventory stolen. In an attempt to resolve the situation as quickly as possible, Mercury has reported the theft of its technology, advanced composite production equipment and its raw materials inventory of aerospace/military grade carbon and glass fiber to the U.S. Federal Bureau of Investigation, the Bureau of Industry and Security, the U.S. Department of State and the U.S. Department of Commerce. In conjunction with U.S. Government officials, formal complaints will be lodged with the central government authorities in Beijing.

Mercury is also pursuing all available remedies against Mr. Wang and other parties in the United States including recently obtaining a judgment in a multi-million dollar Federal Court lawsuit against Mr. Wang.

Mercury Cable & Energy is a privately held developer of High Voltage Composite Reinforced Conductors (HVCRC), Smart Conductors for the Smart Grid. The patented HVCRC Smart Conductor is superior to existing conductors in a number of key performance areas including:

  • Up to double the current carrying capacity of ACSR
  • Substantially reduces high temperature sag
  • Requires fewer structures for new line construction
  • Increases capacity of existing rights of way and structures through retrofitting
  • Eliminates bimetallic corrosion
  • Significantly reduces line losses compared to same diameter conventional and composite conductors at equal operating temperatures

For additional information please visit our web site at www.mercurycable.com

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Mercury Cable & Energy
Todd Harris
President
949-276-5375
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.