Japan-Sea communications to join hands with Canadian companies to enter the field of Optoelectronics

Japan-Sea Communications (002313) announced today, a wholly-owned subsidiary of Shenzhen, Japan and Sea Communications Equipment Co., Ltd. to be with Canada Enablence technology company in Foshan joint venture company Foshan Sun-Hoi Yi Photoelectric Technology Co., Ltd., photoelectric technology in the field of cooperation.　　Recently, the company's board of directors decided to increase the amount of 9.18 million U.S. dollars to the sea communications equipment company. It is reported that Foshan Sun-Hoi Yi Company registered capital of 18 million U.S. dollars, of which, the Japanese-sea equipment to cash 9.18 million U.S. dollars, and hold a joint venture company 51% of the equity, Enablence Capital contribution of 8.82 million U.S. dollars, of which, cash capital of 3.5 million U.S. dollars, machinery and equipment investment 1 million U.S. dollars, Proprietary technology is financed by 4.32 million dollars and holds 49% per cent of the JV company.　　The company's experience is: research, development, design, production, sales of planar waveguide chip, optical communication module and related optoelectronic products, and provide related products contract production services. Data show that Enablence technology company registered capital of 222 million U.S. dollars, is a global user group design, production and marketing of optical components, subsystems and systems, and listed on the Toronto Venture Exchange company, the company is headquartered in Ottawa, Canada.　　Enablence technology company's optical fiber components and Subsystem division specializes in FTTX network access products, as well as urban and long distance transmission network products development work, in the optical fiber broadband access system to establish a leading position. The main purpose of the joint venture company is to strengthen economic cooperation and technical exchanges, adopt advanced production technology and scientific management methods, improve product quality within the business scope of the joint venture, develop new products and develop new technologies so that the relevant products and services within the scope of the joint venture business are in quality, Prices and other aspects of domestic and foreign markets have the competitive power, improve economic efficiency and make the joint venture benefit.　　Through the establishment of the joint venture company, Japan-Sea communication will also be through the use of Enablence technology company's technical advantages, to achieve the expansion of the company's product chain, and the joint venture's assets and liabilities and profit and loss will also be included in the Sino-Sea Communications Consolidation category. It is reported that the establishment of joint ventures also need the relevant government authorities to approve.