JINAN, China, April 7 /PRNewswire-Asia/ -- Jinan Yinquan Technology, one of the wholly-owned subsidiaries of China VoIP & Digital Telecom Inc. (OTC Bulletin Board: CVDT) today announced that it has signed a strategic cooperation agreement (the "Agreement") with Tsinghua University's Computer Science and Technology Department (the "Department").
Highlights of the agreement:
1) Yinquan Technology and the Department will jointly establish a Cloud
Computing Lab and an Application & Promotion Center of Cloud Computing
Platform in Shandong province. The purpose of creating these facilities
is to promote cloud computing technology in China and Shandong will be
the first testing place for the marketing model.
2) Yinquan Technology and the Department will jointly establish the Cloud
Computing Industry-Academic-Research (IAR) Base and Yinquan will be
Tsinghua University's designated IAR base for cloud computing.
Professors from Tsinghua University will periodically visit Yinquan to
guide the company's new products development and technology improvement.
3) Yinquan Technology and the Department will jointly build a practical
experience base. Yinquan will help the Department improve its research
level and professional training.
4) Yinquan Technology and the Department will jointly apply for and work
on national and local scientific research projects.
5) Yinquan will have the priority to use the latest technology resulting
from the research and development efforts by the Department.
The cooperation agreement indicated CVDT's further improvement in the virtualization industry. "It is our privilege to partner with the top university and work on this emerging technology," said Mr. Li Kunwu, the President and CEO of CVDT, "The cloud computing platform is based on virtualization technology, and we hope to develop more applications and software to be used on the platform by cooperating with Tsinghua University. We believe the partnership will enhance Yinquan's R&D capability and enlarge its business coverage related to virtualization."
Tsinghua University Computer Science and Technology Department was Founded in 1958, it has been known for its significant contributions and key achievements in the history of the development of Chinese computer industry. After more than 40 years of endeavor, it has grown to be the strongest and most influential one among its counterparts in other universities in China, playing an ever-important role in the development of China's information technology as well as its national economy.
Cloud computing is a technology that uses the internet and central remote servers to maintain data and applications. Cloud computing permits consumers and businesses to access their personal files at any computer through internet and appropriate applications. This technology allows for much more efficient computing by centralizing storage, memory, processing and bandwidth. Cloud computing has three segments including applications, platforms and infrastructure. Each segment serves a different purpose and offers different products for businesses and individuals around the world.
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology application in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integral virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products. More information can be found at http://www.chinavoip-telecom.com .
About Virtualization Technology
Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way people compute.
Today's powerful x86 computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that boundary, making it possible to run multiple operating systems and multiple applications on the same computer at the same time, increasing the utilization and flexibility of hardware.
Virtualization is a technology that can benefit anyone who uses a computer, from IT professionals and Mac enthusiasts to commercial businesses and government organizations. Join the millions of people around the world who use virtualization to save time, money and energy while achieving more with the computer hardware they already own.
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information please contact:
CVDT Investor Contacts:
Michelle Wong
Tel: +86-531-5558-5742
Email: michellewong@chinavoip-telecom.com
Great Wall Research LLC
Sheena Shen
Tel: +1-203-252-7266
Email: sshen@greatwallresearch.com
