Huaxu, Motorola Form Smart Card Joint Venture; Agreement Promises Bright Future for Smart Card Industry in China.BEIJING, China--(BUSINESS WIRE)--Jan. 23, 1998--China Huaxu Golden Card Co., Ltd. and Motorola's Smartcard Systems Business signed a joint venture agreement at the Great Hall of the People The Great Hall of the People (Simplified Chinese: 人民大会堂; Traditional Chinese: 人民大會堂 today, signifying overall cooperation on smart card opportunities in China between the two companies. This is Motorola's sixth joint venture in China and the first joint venture integrating smart card design, manufacture, software development, systems integration and services. The joint venture, combining distinct core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. varying demands and will be designed to be compatible with existing legacy systems. Potential applications include identification, transportation, retail sales, finance, healthcare, communications and industry and commerce. The new establishment will formally start operations in March of this year. "As a renowned enterprise in the industry, Huaxu will leverage Motorola's competencies in smart card technologies, management and systems integration, " said Mr. Pan Lihua, General Manager of Huaxu. "The combination of the two companies' resources will help to promote China's information technology initiative. "As the first company in China that combines design, manufacture, software development, system integration and services into one function, the joint venture intends to help promote the smart card standardization standardization In industry, the development and application of standards that make it possible to manufacture a large volume of interchangeable parts. Standardization may focus on engineering standards, such as properties of materials, fits and tolerances, and drafting process in China, concluded Lihua. "Motorola is honored to partner with Huaxu, China's largest and most respected smart card enterprise," said Mark Davies For the English cricketer who plays for Durham, please see Mark Davies (cricketer) Mark Davies (born February 18, 1988) is an English football player, who usually plays in the midfield. , vice president and director for Motorola's Smartcard Systems Business. "The 21st century will be the age of the smart card, and the Asia Pacific region, especially China, will be on the forefront of embracing this technology - a technology that has the ability to affect everyone." "Motorola and Huaxu hope to play a leading role in the smart card industry in China, attaching great importance to cooperation with local partners. We believe this joint venture will become a strong force in expanding the industry," remarked Davies. In addition to being one of the world's leading providers of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , semiconductors, and advanced electronic systems, components and services, Motorola has been a driving force behind the global acceptance of smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. for the past 20 years. With the advent of the Smartcard Systems Business in March 1997, the company has become a total solutions provider in the smart card industry with a portfolio of smart card products and systems ranging from combination contacted/contactless cards, readers and terminals, network infrastructure and system integration services that support multiple smart card applications. In October 1997, Motorola announced the M-Smart(TM) product solution developed for the public transit and campus/ID markets. Motorola also announced a letter of intent to enter a global strategic alliance with ERG Ltd., a transit fare collection provider based in Australia. China Huaxu Golden Card Co., Ltd., emerging from the original Taiji Computer Company under the Ministry of Electronics Industry, specializes in smart card design and production under the guideline guideline Medtalk A series of recommendations by a body of experts in a particular discipline. See Cancer screening guidelines, Cardiac profile guidelines, Gatekeeper guidelines, Harvard guidelines, Transfusion guidelines. put forward by Premier Zhou Jiahua. It is a national smart card group, connecting different industries, departments and regions. Since its establishment in 1995, it has contributed to the overall design and standards drafting for the National Information Engineering Program, actively providing information services See Information Systems. to government institutions. The company plays a significant role in building smart card production bases in China and assisting the national "Golden Card" Project. Motorola is one of the world's leading providers of wireless communications, semiconductors, and advanced electronic systems, components and services. Major equipment businesses include cellular telephone, two-way radio A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. , paging and data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , personal communications, automotive, defense and space electronics and computers. Motorola semiconductors power communications devices Typically refers to a terminal used to send voice, video or text. Mobile phones, wireless PDAs and personal computers equipped with microphones, speakers and cameras are all considered communications devices. See modem. , computers and millions of other products. Motorola's 1997 sales were $29.8 billion. -0- M-Smart is a trademark of Motorola, Inc. CONTACT: For Media Inquiries Contact: Mike Doheny, 847/576-6931 |
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