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
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, 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 your speaking proposal ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, provideed economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session also included a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, 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.
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...