|By Marketwired .||
|January 7, 2013 07:35 PM EST||
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
Mercury Cable & Energy
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Sep. 30, 2016 04:45 AM EDT Reads: 658
I'm a lonely sensor. I spend all day telling the world how I'm feeling, but none of the other sensors seem to care. I want to be connected. I want to build relationships with other sensors to be more useful for my human. I want my human to understand that when my friends next door are too hot for a while, I'll soon be flaming. And when all my friends go outside without me, I may be left behind. Don't just log my data; use the relationship graph. In his session at @ThingsExpo, Ryan Boyd, Engi...
Sep. 30, 2016 04:45 AM EDT Reads: 1,403
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Sep. 30, 2016 04:45 AM EDT Reads: 4,715
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Sep. 30, 2016 04:30 AM EDT Reads: 1,922
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Sep. 30, 2016 04:00 AM EDT Reads: 4,881
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Sep. 30, 2016 03:45 AM EDT Reads: 2,236
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 30, 2016 03:45 AM EDT Reads: 3,068
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 30, 2016 03:15 AM EDT Reads: 1,749
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
Sep. 30, 2016 03:00 AM EDT Reads: 1,626
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 30, 2016 03:00 AM EDT Reads: 1,935
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...
Sep. 30, 2016 02:45 AM EDT Reads: 2,432
In his session at @ThingsExpo, Kausik Sridharabalan, founder and CTO of Pulzze Systems, Inc., will focus on key challenges in building an Internet of Things solution infrastructure. He will shed light on efficient ways of defining interactions within IoT solutions, leading to cost and time reduction. He will also introduce ways to handle data and how one can develop IoT solutions that are lean, flexible and configurable, thus making IoT infrastructure agile and scalable.
Sep. 30, 2016 02:15 AM EDT Reads: 1,640
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software sec...
Sep. 30, 2016 02:00 AM EDT Reads: 1,389
SYS-CON Events announced today that Numerex Corp, a leading provider of managed enterprise solutions enabling the Internet of Things (IoT), will exhibit at the 19th International Cloud Expo | @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Numerex Corp. (NASDAQ:NMRX) is a leading provider of managed enterprise solutions enabling the Internet of Things (IoT). The Company's solutions produce new revenue streams or create operating...
Sep. 30, 2016 02:00 AM EDT Reads: 2,083
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Sep. 30, 2016 01:45 AM EDT Reads: 2,192