Posts Tagged ‘China’

China Security & Surveillance Technology, Inc. Showcases Latest Security … – PR Newswire (press release)

Monday, March 28th, 2011

 

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SHENZHEN, China, March 28, 2011 /PRNewswire-Asia/ — China Security & Surveillance Technology, Inc. (“CSST” or the “Company”) (NYSE: CSR; Nasdaq Dubai: CSR), a leading integrated surveillance and safety solutions provider in the P.R.C., will showcase its latest surveillance and safety products and solutions at the 2011 ISC West, held in Las Vegas, the United States, on April 6-8 at the Sands Expo and Convention Center, booth 22087, 33000, 33002, 33004, 33006 and 33008.

Visitors to the CSST booths will see the latest products and solutions from the Company’s surveillance and safety offerings, including its E-city and safe city solutions, video products and solutions, display products and solutions and intrusion detection products and solutions.

About China Security & Surveillance Technology, Inc.

Based in Shenzhen, China, CSST designs, manufactures, sells, installs, services and monitors electronic surveillance and safety products and solutions, including related software, in China. Its customers are mainly comprised of government, commercial, industrial and education entities. CSST has built a diversified customer base through its extensive sales and service network that includes branch offices and distribution points throughout China. To learn more about the Company visit http://www.csst.com .

Safe Harbor Statement

This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our participation in the 2011 ISC West. Forward-looking statements can be identified by the use of forward-looking terminology such as ‘will,’ ‘believes,’ ‘expects’ or similar expressions. Such information is based upon expectations of our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and based upon premises with respect to future business decisions, which are subject to change. We do not undertake to update the forward-looking statements contained in this press release. For a description of the risks and uncertainties that may cause actual results to differ from the forward-looking statements contained in this press release, see our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (‘SEC’), and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC’s electronic data gathering analysis retrieval system at http://www.sec.gov .

For more information, please contact:

Company Contact:

Stacy Yan

China Security & Surveillance Technology, Inc.

Tel:   +86-755-8351-5634

Email: ir@csst.com

Investor and Media Contact:

Patrick Yu, Fleishman-Hillard Hong Kong

Tel:   +852-2530-2577

Email: patrick.yu@fleishman.com

SOURCE China Security & Surveillance Technology, Inc.

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Woodinville man pleads guilty to attempted sale of banned technology to China – Seattle Times

Friday, March 25th, 2011

A 47-year-old Woodinville man pleaded guilty Thursday to conspiring to violate the Arms Export Control Act by trying to sell sensitive “radiation-hardened” military and aerospace technology to China.

Federal prosecutors said Lian Yang tried to export 300 semiconductors the U.S. government has said have no purpose outside military or aerospace use. They suspect the parts were for use in China’s “next-Gen spaceship program.”

Yang appeared briefly Thursday afternoon before U.S. Magistrate Judge Mary Alice Theiler, who set sentencing for June 30 before U.S. District Judge Thomas Zilly. Yang will remain free on personal recognizance. He declined to comment after the hearing.

Yang was arrested in December after he offered to purchase the radiation-hardened semiconductors used by the military in satellites for $700,000 from undercover FBI agents.

Yang and unnamed “co-conspirators” deposited a $60,000 down payment in an account set up by the agents, the complaint says.

He was arrested in a sting operation as he was dropping off a $20,000 payment.

Yang came to the FBI’s attention when a businessman approached the agency last March after being introduced to Yang by a mutual friend. The businessman, who went on to work as a confidential source, told agents Yang had said he had “old school friends” in China who make money importing electronic components from the United States, the complaint says.

The charges say Yang was employed as a consultant at Microsoft and sometimes traveled to China as a recruiter.

According to the documents, Yang traveled to the People’s Republic of China on July 22 and returned July 31. He was stopped and interviewed by U.S. Customs and Border Patrol agents, who found documents pertaining to electronics parts in his briefcase, including some referencing items banned by the International Traffic in Arms Regulations (ITAR).

When first interviewed, Yang said he was a consultant for Microsoft who was recruiting in China. After agents found 10 small “LCD display units” in his computer case, Yang said he had been in China to sell the units and was returning some that were defective.

Yang was warned about the need to follow U.S. export laws and released.

He related the episode to the confidential source but continued his efforts to obtain the banned parts and get them to China, the charges say.

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He told the source at a later meeting that he and his partners had purchased similar parts from Russia in the past, but that they had “quality-control issues.”

Eventually, the source introduced Yang to “contacts” in the industry — a pair of undercover FBI agents, posing as exporters.

The complaint says the agents told Yang repeatedly that what they were doing was illegal.

At Thursday’s hearing, Assistant U.S. Attorney Thomas Woods said the undercover agents offered to sell Yang a nonrestricted version of the microprocessors, but Yang said only the prohibited version would do.

Mike Carter: 206-464-3706 or mcarter@seattletimes.com

Information from Seattle Times archives is included in this report.

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HON’s Technology Expands in China

Wednesday, March 23rd, 2011

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Zacks Equity Research, On Wednesday March 23, 2011, 3:50 pm

UOP LLC, a wholly-owned subsidiary of Honeywell International Inc. (NYSE: HON – News), has been selected by Great Orient Chemical Pte. Ltd. to provide technology for a new petrochemicals complex in China.

Great Orient is a joint venture between Indonesian Salim Group and Korean ISU Chemicals, which aims to expand the detergent business in China.

With the help of the technology, Great Orient will produce an important ingredient for biodegradable household laundry detergents.

At its upcoming complex, Great Orient expects to produce up to 100,000 metric tons of linear alkylbenzene (LAB) per year. Honeywell UOP’s LAB technology is applied for producing more than 85% of the world’s detergents.

UOP technology supports LAB production by offering a full suite of technologies and catalysts. Moreover, the company’s detergent technologies provide maximum yield at minimum production cost.

Earlier, Honeywell had received its fifth major energy-conservation contract from the U.S. General Services Administration (GSA) at the White Oak campus for $213 million.

As per the deal, Honeywell will aid in the ongoing development of utilities and energy infrastructure facilities of the Food and Drug Administration (FDA) headquarters, the White Oak Federal Research Center in Silver Spring, Maryland.

Honeywell’s attractive collection of businesses has the potential to earn consistent and above-average returns. The company’s focus on working capital management, free cash flow generation and balance sheet strength remain positive attributes in the current weak environment.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products and specialty chemicals. The primary competitors include Johnson Controls Inc (JCI) and United Technologies Corporation (NYSE: UTX – News).

We currently maintain our Neutral rating on Honeywell for the long term, with a Zacks #3 Rank (short-term Hold recommendation) over the next one to three months.

HONEYWELL INTL INC (HON): Read the Full Research Report

JOHNSON CONTROLS INC (JCI): Read the Full Research Report

UNITED TECHNOLOGIES CORP (UTX): Read the Full Research Report

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China to Build Nuclear Plant Using Fourth-Generation Technology in April

Wednesday, March 23rd, 2011

ISI's Straszheim Discusses Nuclear Power in China

 

March 22 (Bloomberg) — Donald Straszheim, head of China research at International Strategy & Investment Group, talks about the nuclear power plant crisis in Japan and the ramifications for China’s nuclear energy program. Straszheim speaks with Scarlet Fu on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

Pearson Discusses Outlook for Nuclear Energy, March 18

 

March 18 (Bloomberg) — William Pearson of the Eurasia Group talks about the outlook for nuclear energy following the Japan earthquake and crisis at the crippled Fukushima Dai-Ichi plant. He speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

China will start building a nuclear power plant next month using fourth-generation technology that may be less susceptible to meltdown than Japan’s damaged Fukushima Dai-Ichi plant.

The “world’s first high-temperature, gas-cooled reactor” will be installed at Rongcheng in Shandong province, Cui Shaozhang, deputy general manager at Huaneng Nuclear Power Development Co., a unit of China Huaneng Group Corp., the nation’s largest power group, said in an interview yesterday in Singapore.

“There are differences between the Japanese and Chinese reactors,” Cui said. “Japan’s Fukushima plant was using old technology while Chinese reactors are more advanced.”

Japan is trying to prevent a meltdown at Fukushima, where the oldest reactor started operating in 1971, after cooling systems were knocked out by a 9.0-magnitude earthquake and tsunami on March 11.

The Rongcheng plant will use helium, an inert gas, in its cooling system, and reactor cores will be able to withstand temperatures exceeding 1,600 degrees Celsius (2,912 degrees Fahrenheit) for several hundred hours without melting down, China Business News said this week.

“The Chinese government has encouraged us with the pre- condition of safety and efficiency,” Cui said, standing next to a model of the high-temperature reactor.

China, planning to build more nuclear reactors than any other country, said on March 16 it suspended approval of all new atomic projects until a safety review is carried out.

China Huaneng, China Nuclear Engineering Corp. and Tsinghua University are joint investors in the 200-megawatt Rongcheng demonstration project, according to Huaneng’s brochure. China National Nuclear Corp., the country’s biggest atomic plant builder, last July reported a successful test of an experimental reactor using fourth-generation technology.

China started operating its first commercial nuclear station in 1994. It currently has 14 reactors in operation, 26 under construction and 28 planned, according to data on the World Nuclear Association’s website.

The nation’s nuclear power capacity may reach 40 gigawatts by 2015 and exceed 70 gigawatts by 2020, Han Wenke, head of energy research at the NDRC, said last June. China had 10.82 gigawatts of nuclear power capacity at the end of 2010, the state-owned China Electricity Council said in February.

China Huaneng Group aims to produce about 35 percent of its electricity using cleaner technology by 2020 to cut pollution, President Cao Peixi said last March. The company plans to reduce coal consumption per kilowatt-hour of electricity by about 10 percent to 304 grams by 2020, he said.

To contact the reporter on this story: Dinakar Sethuraman in Singapore at dinakar@bloomberg.net; Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net

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China to Build Nuclear Plant Using Fourth-Generation Technology in April – Bloomberg

Wednesday, March 23rd, 2011

ISI's Straszheim Discusses Nuclear Power in China

 

March 22 (Bloomberg) — Donald Straszheim, head of China research at International Strategy & Investment Group, talks about the nuclear power plant crisis in Japan and the ramifications for China’s nuclear energy program. Straszheim speaks with Scarlet Fu on Bloomberg Television’s “InBusiness.” (Source: Bloomberg)

Pearson Discusses Outlook for Nuclear Energy, March 18

 

March 18 (Bloomberg) — William Pearson of the Eurasia Group talks about the outlook for nuclear energy following the Japan earthquake and crisis at the crippled Fukushima Dai-Ichi plant. He speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

China will start building a nuclear power plant next month using fourth-generation technology that may be less susceptible to meltdown than Japan’s damaged Fukushima Dai-Ichi plant.

The “world’s first high-temperature, gas-cooled reactor” will be installed at Rongcheng in Shandong province, Cui Shaozhang, deputy general manager at Huaneng Nuclear Power Development Co., a unit of China Huaneng Group Corp., the nation’s largest power group, said in an interview yesterday in Singapore.

“There are differences between the Japanese and Chinese reactors,” Cui said. “Japan’s Fukushima plant was using old technology while Chinese reactors are more advanced.”

Japan is trying to prevent a meltdown at Fukushima, where the oldest reactor started operating in 1971, after cooling systems were knocked out by a 9.0-magnitude earthquake and tsunami on March 11.

The Rongcheng plant will use helium, an inert gas, in its cooling system, and reactor cores will be able to withstand temperatures exceeding 1,600 degrees Celsius (2,912 degrees Fahrenheit) for several hundred hours without melting down, China Business News said this week.

“The Chinese government has encouraged us with the pre- condition of safety and efficiency,” Cui said, standing next to a model of the high-temperature reactor.

China, planning to build more nuclear reactors than any other country, said on March 16 it suspended approval of all new atomic projects until a safety review is carried out.

China Huaneng, China Nuclear Engineering Corp. and Tsinghua University are joint investors in the 200-megawatt Rongcheng demonstration project, according to Huaneng’s brochure. China National Nuclear Corp., the country’s biggest atomic plant builder, last July reported a successful test of an experimental reactor using fourth-generation technology.

China started operating its first commercial nuclear station in 1994. It currently has 14 reactors in operation, 26 under construction and 28 planned, according to data on the World Nuclear Association’s website.

The nation’s nuclear power capacity may reach 40 gigawatts by 2015 and exceed 70 gigawatts by 2020, Han Wenke, head of energy research at the NDRC, said last June. China had 10.82 gigawatts of nuclear power capacity at the end of 2010, the state-owned China Electricity Council said in February.

China Huaneng Group aims to produce about 35 percent of its electricity using cleaner technology by 2020 to cut pollution, President Cao Peixi said last March. The company plans to reduce coal consumption per kilowatt-hour of electricity by about 10 percent to 304 grams by 2020, he said.

To contact the reporter on this story: Dinakar Sethuraman in Singapore at dinakar@bloomberg.net; Rakteem Katakey in New Delhi at rkatakey@bloomberg.net

To contact the editor responsible for this story: Clyde Russell at crussell7@bloomberg.net

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St. Jude Medical advances China strategy, opens latest technology center – MedCity News

Tuesday, March 22nd, 2011

Two St. Jude Medical (NYSE:STJ) strategies intersected on Tuesday as the maker of new innovative medical devices unveiled the latest of its advanced technology centers in one of the world’s most coveted med-tech markets: China.

The St. Jude Medical Advanced Technology Center Asia Pacific officially opened on Tuesday morning in Beijing. It’s the latest of a series of St. Jude training centers to roll out across the globe. The first was opened in Brussels, Belgium, in 2008 and St. Jude broke ground on a manufacturing facility and training center in Malyasia earlier this month. Other centers are planned for Japan, Costa Rica and the United States.

The centers provide education and training to physicians from across a continent to St. Jude equipment in the areas of cardiology, cardiac surgery and arrhythmia management. Plus, it primes physicians in the region to use St. Jude products.

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Sang Yi, vice president of Asia Pacific for St. Jude Medical, said that in Europe less than 20 percent of physicians surveyed there had performed only one particular cardiac ablation procedure before training at the center. That number increased to more than 80 percent after the training, Yi said.

“The mission of the Advanced Technology Center both aligns with the St. Jude Medical brand promise and helps develop the market for technologies and treatments which may not otherwise be used that could benefit patients,” Yi said.

More than 2,000 physicians from Asia will visit the China center annually, St. Jude stated in a release.

Many medical device companies want to build their brands in China, where heart disease is surging and treatments are largely untapped. Heart disease and stroke are expected to kill 7.7 million Chinese over the next two decades, according to research released in May.

Meanwhile, St. Jude CEO Daniel Starks once shared with analysts the anecdote that in 2008 the total number of implantable cardioverter defibrillator implants in China was fewer than 700 units. Meanwhile, there are more than easily a half-million implants annually in the United States.

“So, if that’s even approximately right, look at just that one market as we think about the next 5 or 10 years,” Starks said on China in late 2009. “And there are a lot of other markets, maybe not that under-penetrated, but significantly under-penetrated with technology that no matter what your analysis of a mature penetration level, one would agree that in these international markets that are severely under-penetrated, the value of the technology has been highly demonstrated, and we expect these markets to continue to generate significant contributions to total global growth of the ICD markets.”

Yi also said “St. Jude Medical attaches great importance to the China market,” though the company is opaque about its progress in the region. The company opened its first China office in 1996 with 10 employees. It now employs 250 in five locations, including its Asia Pacific headquarters in Hong Kong. It’s also had some ups and downs; China rejected St. Jude pacemakers as unsafe in 2001 and again in 2007.

About 6 percent of St. Jude’s revenue comes from the Asia Pacific, according to recent earnings reports. St. Jude would not release how much of that revenue comes from China.

“Though, with more than 1 billion people, it is easy to imagine the potential,” Yi said.

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