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| China Fire adds Wan Sent's products to its fire protection solutions China Fire & Security Group, Inc., a leading industrial fire protection products and solutions provider in China, announced that it has made a strategic investment into Wan Sent (China) Technology Co., Ltd., an emerging Chinese fire emergency remote-monitoring system provider based in Beijing. Wan Sent's core product is an Internet-based monitoring system, which alerts the Fire Protection Bureau to dispatch related fire extinguishing teams to a customer site in case of a fire emergency. Consisting of integrated hardware and software systems, Wan Sent's solutions act as a supplementary service to customers to ensure a rapid and accurate response and protect customer's valuable assets in case of a fire emergency. As part of the agreement China Fire will invest $1 million in cash into Wan Sent for a minority interest. Currently Wan Sent has approximately 100 employees and operates 10 offices throughout China while having approximately 100 unique customers. With this technology still in it's infancy within China, it is estimated that there are approximately 31 million individual buildings that would be applicable for the Wan Sent's service, creating a large addressable market opportunity. write your comments about the article :: © 2007 Construction News :: home page |