The Chinese subsidiary of Japanese tech firm Hitachi Building Technology signed a strategic cooperation agreement with China Telecom Guangzhou.
“The signing of the agreement is a result of and in response to the Guangzhou government’s call to facilitate the implementation of the latest plan for upgrading the city’s infrastructure. The plan is designed to coordinate efforts at encouraging innovation across key industrial technologies, in concert with revamping and optimizing the infrastructure of the local industrial Internet and the Internet of Things, among other networks,” Hitachi Building Technology said in a release.
The partnership, according to the company, provides the opportunity for Hitachi Building Technology and China Telecom Guangzhou to further strengthen their relationship while creating new growth points by complementing their respective advantages and expanding the scope of the relationship to include new business sectors that the two parties can jointly explore and develop.
“In addition to facilitating the convergence of 5G technologies with smart elevators, buildings and lifestyles, Hitachi Building Technology plans to collaborate closely with China Telecom Guangzhou in a move to provide smart cities and smart building solutions, with the aim of providing smarter, more efficient and secure products and services to the buildings,” Hitachi Building Technology said.
With a focus on infrastructure support as well as optimization, upgrading and integration of infrastructure, China Telecom Guangzhou plans to provide unified security, energy and device management services to buildings and complexes by leveraging Hitachi Building Technology’s experience in project management in tandem with its comprehensive building management solution BIVALE.
“The partnership enables both companies to further their strategic ties in resource utilization, business integration and full-process services while enhancing their capabilities in innovation, creating a successful business model for cross-sector cooperation,” Hitachi added.
Hitachi Building Technology also said it plans to seek similar partnerships with firms across multiple sectors in an effort to bring a “new and smart” lifestyle experience to buildings’ occupants and visitors through the application of innovative technologies.