Brighton Technologies Awarded Contracts to Supply Wireless Systems in China.ALLENDALE, N.J.--(BUSINESS WIRE)--Oct. 8, 1997--Brighton Technologies Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :BRTK) Wednesday announced that it has been awarded contracts from several Chinese financial institutions, including the Agricultural Bank of China The Agricultural Bank of China (ABC) (Simplified Chinese: 中国农业银行; Traditional Chinese: 中國農業銀行 -- the country's fourth-largest bank -- to supply wireless networking See wireless network. equipment. Installation and delivery for these projects will be completed by December. Financial terms were not disclosed. Kit Kung, president and chief executive officer, stated: "These contracts represent the benefits of Brighton's strategy to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. increasing demand for advanced technologies throughout China, including consumer financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Over the last several years, China has witnessed significant growth in this market, as the number of ATMs and retail outlets that accept credit card transactions continues to expand." Earlier this year, Brighton was awarded contracts totaling more than $5 million to provide manufacturing equipment to two Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
Brighton Technologies is an engineering company specializing in information and wireless networks, computer systems integration and industrial automation for the Asian market. Brighton is a major partner in a joint venture to develop "STAQ On-Line," a commercial online securities quotation and trading network that will operate throughout China. The project is being currently beta-tested in Beijing, Shanghai and Shenzhen. Brighton Technologies has headquarters in Allendale and offices in Beijing, Shanghai and Hong Kong. CONTACT: Brighton Technologies Corp., Allendale Kit Kung, 201/818-2889 or Pondel Parsons & Wilkinson, Los Angeles Gary S. Maier/E.E. Wang, 310/207-9300 |
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