ZValley Signs MOU with Trans Elite At bauma 2019

MUNICH, April 10, 2019 /PRNewswire/ -- ZValley Technology Co. Ltd. (ZValley), the Industrial Internet company of Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion), signed a Memorandum of Understanding (MOU) with Malaysia's Trans Elite Group Sdn Bhd (Trans Elite) during bauma 2019.

ZValley Signs MOU with Trans Elite at bauma 2019
ZValley Signs MOU with Trans Elite at bauma 2019

ZValley and Trans Elite will work together in the fields of equipment condition analysis, operational safety, market analysis, rental management and new business development in Malaysia, integrating Zoomlion's overseas operations and ZValley's advantages in the industrial Internet of Things (IoT), big data and artificial intelligence (AI).

ZValley has accumulated solid expertise and first-hand experience in China, turning new technologies into customer productivity and safety. With its mission to 'Make IoT Available to Industries', ZValley will continue to empower international customers to reduce cost, improve efficiency, ensure safety and create new business models to maximize customer value.

Smart management in the smart era

At bauma 2019, ZValley demonstrated two IoT applications for overseas construction machinery customers: the smart equipment management tool, Z-Asset Management (ZAM), and rental management tool, Z-Rental Management (ZRM).

Available via mobile devices and PC, these Software-as-a-Services (SaaS) solutions are enabled by ZValley's Industrial AIoT (artificial intelligence and IoT) cloud platform, ZValley OS. These solutions can be deployed on-premise as well, based on customer and regulatory needs.

Using IoT and big data analytics, ZAM allows customers to manage equipment, projects, equipment health and services as well as order parts to reduce equipment costs, improve efficiency and boost profitability.

ZRM is a great fit for medium and large-scale rental companies. It combines IoT and information technology to help manage assets and contracts more efficiently with features such as equipment location, condition monitoring and rental contract execution.

About Trans Elite

Trans Elite Group Sdn Bhd is the sole and exclusive distributor of Zoomlion cranes and drilling rigs in Malaysia. The company specializes in the trading and rental of cranes, heavy lifting contracting and machinery repair. Their partnership with Zoomlion began in 2009 and Trans Elite has positioned Zoomlion as the top-ranked brand in Malaysia.

About ZValley

Founded in 2018, ZValley is Zoomlion's Industrial Internet company headquartered in Shanghai. It specializes in industrial IoT, big data and AI. Its industrial AIoT platform ZValley OS now connects more than 200,000 pieces of equipment and spans over 9,000 data parameters at a PB data volume level, turning data into insights and value every day.

About Zoomlion

Founded in 1992, Zoomlion Heavy Industry Science & Technology Co., Ltd. (Zoomlion) is a high-end equipment manufacturing enterprise that integrates engineering machinery, agricultural machinery and financial services. The company now sells nearly 460 cutting-edge products from 55 product lines covering ten major categories. Zoomlion is China's first construction machinery company to be listed on both the Shenzhen and Hong Kong stock exchanges.

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Source: Zoomlion