Welcome!

News Feed Item

Measures Introduced by the Government's Energy Saving Plan Within the 12th Five-Year Plan Stimulate Local Demand for Energy Conservation Solutions

Technovator Contributes to Making Chongqing a Model Green City

HONG KONG -- (Marketwire) -- 01/13/13 -- Technovator International Limited ("Technovator" or the "Company") (HKSE: 1206), a leading provider of building energy management solutions and services, has been selected as a provider for building energy saving management leading to create "A Green Chongqing." In that capacity, the Company is to retrofit Chongqing's public buildings to achieve energy savings, establish a building energy consumption monitoring platform as well as promote and develop energy saving management for Chongqing. Technovator has recently completed the first phase of work.

To achieve the goals of the energy saving and emission reduction strategy set in the 12th Five-Year Plan, the Government has introduced measures such as tax reduction and tax holidays, as well as giving out subsidies. It has also designated demonstration cities for energy saving in a bid to promote local energy conservation needs. Chongqing was listed as one of China's first batch of key cities to retrofit public buildings for energy conservation and has become the country's model city for implementing energy saving monitoring systems in government office buildings and large-scale public buildings. The city was granted a national energy conservation and pollution reduction special subsidy of RMB80 million and a national special subsidy of RMB14.5 million. It is expected that Chongqing will have retrofitted public buildings occupying 4,500,000 square metres by 2015.

As an industry leader who is able to provide proprietary energy management systems for energy consumption analysis and solutions, Technovator is selected as a partner of Chongqing Municipality to carry out energy-saving and emission reduction initiatives and has entered the first batch of enterprises within China's energy-saving management services list. Technovator was the first company from Tsinghua University to be listed overseas, which also represented the first spin-off listing of an international tech company on an overseas stock exchange from a mainland China A-share listed company. It enjoys the solid support of the research and talent platform of A-share listed Tongfang Co. Ltd. and Tsinghua University. Technovator has been on the Forbes list twice, the only company in the intelligent building management industry in China to be thus selected.

Currently, Technovator has developed a city-level E-CLOUD service platform (building energy consumption monitoring, testing and analysis system) for seven types of buildings as demonstration projects in Chongqing, including building complexes, office buildings, hotels, shopping malls, hospitals, stadiums and schools. The Company led the project to complete energy consumption monitoring and testing for nearly 200 large-scale public buildings as well as energy conservation transformation of more than 300,000 square metres. Major projects implementing these solutions include the Yingli International Financial Centre, the so-called "Chongqing IFC," Bank of Chongqing and Chongqing University of Arts and Sciences. All these projects achieved an energy saving rate of over 25%. It is expected that Technovator will provide energy saving management services for buildings of more than 2 million square metres in Chongqing by 2015.

Mr. Zhao Xiao Bo, Executive Director and Chief Executive Officer of Technovator, said, "Building energy-saving management is a rapidly emerging industry in China. The Chinese Government is strongly promoting building energy-saving management services during the 12th Five-Year Plan period. It also plans to include energy saving and emission reduction in performance evaluations of local governments, which reflects the Government's strong determination and support to go green. This stress on energy reduction presents enormous development opportunities to the building energy conservation industry. We hope that we can build on the success in Chongqing and further promote building energy-saving management in China, while bringing the development of Technovator to a new level."

About Technovator International Limited

Established in 2005, Technovator International Limited is a leading provider of building energy management systems and solutions services, with a scalable vertically-integrated global business model. Supported by a worldwide sales network, the Company operates with a global footprint in five countries around the world including China, Canada, France, Singapore and the US, and ranked the largest domestic player in the China market. Technovator offers comprehensive energy-saving solutions for building environments around the world under two well-recognized brands: "Techcon" in China and "Distech Controls" in overseas markets, and has won many domestic and international awards and accreditations. Technovator has been included within the Forbes list twice, the only company in the intelligent building management industry to be thus selected.

The Company's largest shareholder is the Shanghai-listed Tongfang Co., Ltd. which was established under the umbrella of the world renowned Tsinghua University(SSE: 600100). As a result, Technovator enjoys the solid support of the research and talent platform of Tongfang Co. Ltd. and Tsinghua University. With its listing on the Main Board of the Stock Exchange of Hong Kong in October 2011, Technovator, is the first company from Tsinghua University to be listed overseas, and also represents the first spin-off listing of an international tech company on an overseas stock exchange from a mainland China A-share listed company.

Company Logo
http://release.media-outreach.com/i/Download/736

Contact
Strategic Financial Relations
(China)Limited
Ms. Anita Cheung
Tel: 9100 9002
email: Email Contact

Ms. Esther Lau
Tel: 9196 0033
email: Email Contact

Mr. Justin Chen
Tel: 6622 6300
email: Email Contact

Ms. Yannis Yip
Tel: 9447 4749
email: Email Contact

Mr. Jason Liang
Tel: 9469 6530
email: 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
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
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 New York Call for Papers is now open.
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
Many banks and financial institutions are experimenting with containers in development environments, but when will they move into production? Containers are seen as the key to achieving the ultimate in information technology flexibility and agility. Containers work on both public and private clouds, and make it easy to build and deploy applications. The challenge for regulated industries is the cost and complexity of container security compliance. VM security compliance is already challenging, ...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
SYS-CON Events announced today the How to Create Angular 2 Clients for the Cloud Workshop, being held June 7, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified. Now it’s a component-based well-performing framework. The immersive one-day workshop led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...