“Atos Origin and Chinese telecom equipment provider ZTE form joint venture to capitalize on growing Chinese energy market”
Paris, 4 May 2011
Atos WorldGrid, an international entity of Atos Origin and a world leader in smart energy, has formed a joint venture with ZTE, a leading Chinese telecom equipment provider, in order to address the growing smart energy market in China. The Joint Venture will deliver advanced meter management solutions and other smart grid related IT services to Utilities in China. ZTE will run the day to day operations and Atos Origin will provide its innovative smart grid expertise. The new entity will have its own R&D capabilities to retain its technology edge. The joint venture will be headquartered in Nanjing, China.
The two companies have worked together on several projects in Europe for more than three years and have recently been selected to set up and run a pilot project of 100,000 smart meters by 2012 in the South of China. Together, the two companies provide an unrivalled offering for the Chinese market. ZTE brings its communication platforms experience and a strong utilities customer base in China, while Atos WorldGrid provides its unique smart grid solution, which has been developed in France for ERDF's 35 million smart meters. Atos WorldGrid's global R&D centre in Grenoble, France, will contribute to transfer its smart grid expertise to China.
Growth potential China
The Chinese energy market presents huge opportunities for smart grid solutions, due to the forecasted growth in energy demand and the ever increasing pressure this will impose on the grid, amid growing concerns for the environment. This market requires sophisticated real time systems to manage millions of smart devices and their associated data flows.
Yang Ming, CEO of ZTE Utility: “As the utilities industry is on the verge of undergoing a revolution similar to the one which shook the telecom business a few years ago, ZTE is ready to play an active role in this market transformation together with Atos Origin”.
Gilles Grapinet, Senior Executive Vice President Global Functions of Atos Origin: “Creating this joint venture is an important step in our strategy to further grow our business in China. Through Atos WorldGrid, we have developed world class smart metering solutions that will help utilities in China to deploy proven green solutions that will offer advanced benefits to their customers”.
About Atos Origin
Atos Origin is a leading international information technology (IT) services company, providing hi-tech transactional services, consulting, systems integration and managed operations to deliver business outcomes globally. The company's annual revenues are EUR 5 billion and it employs 49,000 people. Atos Origin is the Worldwide Information Technology Partner for the Olympic Games and has a client base of international companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as
Atos Origin, Atos Worldline and Atos Consulting.
Atos Origin in Asia has its regional headquarters based in Singapore and it employs 2,000 people across 7 countries servicing clients in Financial Services, Manufacturing, Energy and Utilities, Telecom and Media, and Public Sector.
About Atos WorldGrid
Atos WorldGrid™, an international entity of Atos Origin, is a world leader of smart energy. With an unprecedented track record in the energy & utilities market of more than 35 years, it brings together all its technological solutions for intelligent production, transport, distribution and marketing of energy. Atos WorldGrid delivers solutions to optimize various operating processes in its clients' information systems. Atos WorldGrid has over 1,000 engineers, and generates annual revenues of € 150 million. For more information on Atos WorldGrid, look at www.atosworldgrid.com
ZTE is a leading global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while achieving continued revenue growth. ZTE's 2009 revenue led the industry with a 36% increase to USD8.8 billion. ZTE commits 10 percent of its revenue to research and development and takes a leading role in a wide range of international bodies developing emerging telecom standards. A company with sound corporate social responsibility (CSR) initiatives, ZTE is a member of the UN Global Compact. ZTE is China's only listed telecom manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
Contact for further information:
José de Vries
Tel: +31 6 30 27 26 11