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IPTV Deployments Featured Article
July 11, 2008
Orbit E-Commerce Inc. Subsidiary, PureNet.TV Hong Kong, Signs Joint Venture Agreement for China
By Raju Shanbhag, TMCnet Contributing Editor
PureNet.TV Hong Kong ("PureNet"), a wholly owned OECI company and Orbit E-Commerce and Joint Venture Partnership Agreement have agreed to bring IPTV
services to China. According to the agreement, the Joint Venture Company will have immediate access to ZhengYuan’s debit and smart card technology.
services to China. According to the agreement, the Joint Venture Company will have immediate access to ZhengYuan’s debit and smart card technology.
Looking to conduct testing of its IPTV (News - Alert) technology, the Joint Venture Company shipped equipment to China in March 2008. Throughout the Grand Hyatt Hotel located in Beijing China, the company demonstrated a successful test of the IPTV technology. Government officials, Telecom companies and ZhengYuan, the Company’s joint venture partner, all witnessed the demonstrations of the IPTV technology.
Previously, OECI a Joint Venture with United Wireless by signing an agreement to provide Internet Protocol Television ("IPTV") products and services to United Wireless’ 15 million subscribers in major cities across the Peoples Republic of China ("PRC").
While this agreement was in effect, management of both companies made the decision that a Joint Venture Partnership with HangZhou ZhengYuan Software Technology Limited would be in the best interest of the parties. HangZhou ZhengYuan Software Technology Limited, ("ZhengYuan") is the major shareholder and an affiliated company of United Wireless.
Douglas C. Lloyd, president and CEO of OECI said today: “We are pleased to have finally completed the signing of the Agreement with ZhengYuan, a well known and highly respected company in the Information Technology industry in China for the past 24 years. This partnership now gives PureNet an opportunity to bring IPTV products and services to the universities in China using ZhengYuan’s integrated debit and smart card technology as the primary billing format and marketing services to ZhengYuan’s customer base.
The Company spent several years researching its IPTV system to create this opportunity and is now in the right place at the right time and plans to aggressively move forward with its partner to bring these services to the universities throughout China. Management has spent a great amount of time and resources in the past several years in research and development of this technology and this is a major step in rebuilding the organization and creating value for its shareholders.”
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users. Today’s featured white paper is Jim Cossetta, President, CEO, 4What Interactive, Creators of The VoIPTrainer, brought to you by 4What Interactive (News - Alert).
Communications industry. The library offers white papers, case studies and other documents which are free to registered users. Today’s featured white paper is Jim Cossetta, President, CEO, 4What Interactive, Creators of The VoIPTrainer, brought to you by 4What Interactive (News - Alert). » More IPTV Feature Articles
