$ADGO Advantego Corporation (OTCQB: ADGO) today announced the signing of a Strategic Partnership Agreement with Shenzhen Jiuzhou Investment Development Co., Ltd., the privately-held holding company for the commercial sector of Sichuan Jiuzhou Electric Group Co., Ltd. (Jiuzhou), which has 34 subsidiaries. One of them, Sichuan Jiuzhou Electric Equipment Co., Ltd. is publicly traded in China (Trading data -- SHE: CN:000801).
Jiuzhou engages in the research, development, manufacturing and sale of electronic products including:
Digital TV Systems
Digital Home Theater Equipment
Multimedia Systems
Networking Systems
IOT Devices
LED Lighting and Display Systems
Mobile Smart Phones
A Broad Range of Consumer Electronics
Jiuzhou – which celebrated its 60th anniversary this month -- generates more than $3.5 billion (USD) in annual sales to over 100 countries. Its facilities cover approximately 870,000 square meters, equipped with specialized production lines, high quality control instruments and more than 3,000 R&D testing units. The company consistently ranks as a Top Key Enterprise and Top Electronic Information Enterprise in China and currently employs approximately 10,000 people.
“Having recently engaged one of their manufacturing subsidiaries, Shenzhen Ferex Electrical Co., Ltd, to manufacture and distribute certain electronic products, the opportunity arose to expand the relationship to the parent company that will make available all of their products and services to us,” according to Advantego CEO Robert W. (Rob) Ferguson. “This will enhance our capabilities as we move forward with our business plan consisting of digital communication and enterprise software products and services,” he said.
