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Epic Data International Announces Joint Venture with Chinese Academic Institution(November 08, 2011)
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/11 -- Epic Data International Inc. (TSX VENTURE:EKD), a provider of manufacturing execution systems (MES), today announced the formation of a joint venture enterprise with Huazhong University of Science & Technology (HUST), a leading Chinese university located in Wuhan, China. The joint venture agreement was signed at a trade mission event in Shanghai hosted by the Hon. Christy Clark, Premier of British Columbia.
The joint venture will focus on the marketing of software solutions to leading automotive and aerospace manufacturers in China. Epic Data's new Chief Technology Officer, Huang Gang, Ph.D., formerly an associate professor at HUST, will lead the collaborative development project to integrate HUST and Epic Data technologies for the joint venture.
"Huazhong University of Science & Technology has significant experience in the development and implementation of innovative manufacturing technologies for top Chinese manufacturers," stated Epic Data International CEO Robert Nygren. "We are very honoured to be partnering with this prestigious academic institution to develop world-class manufacturing technologies."
Vice Chancellor Shao Xinyu of Huazhong University commented, "Our joint venture with Epic Data will provide Chinese manufacturers with a unique combination of best-in-class technologies from the east and the west that will improve production efficiencies and quality."
About Huazhong University of Science & Technology (HUST)
With a 50-year history of excellence, HUST is a university focused on basic and applied research which maintains close ties with business and industry to promote commercialization of technological innovation. One of the original National Key Universities, HUST now operates directly under the administration of the Ministry of Education of the People's Republic of China, and was among the first universities qualifying for the prestigious "Project 211" recognizing high standards of research and socio-economic impact, as well the "Project 985" to raise the standards for higher education in China.
Based in Wuhan city and residing on 1,152 acre campus, HUST boasts numerous national and provincial research laboratories, engineering research and technology transfer centers. The university's science and technology enterprise incubator was honored as the "National Hi-Tech Innovation Service Center" and its industrialization and commercialization program has won acclaim from other universities across the country. http://www.hust.edu.cn/
About Epic Data International Inc.
Epic Data International Inc. is a provider of manufacturing execution and warehouse management solutions. For 36 years Epic Data has delivered real-time data collection and production information to discrete manufacturers through turnkey data collection, warehouse management and lean manufacturing operations management solutions. Defense contractors, aerospace, automotive, high technology and industrial equipment & machinery manufacturers, employ Epic Data solutions to optimize the ROI of their manufacturing IT infrastructure investments and operations by increasing plant productivity, materials visibility and production velocity. Customers include Hawker Beechcraft, Lockheed Martin, Bell Helicopter, Komatsu, Bombardier Learjet, CAE Inc., Kingfisher (B&Q) plc, Joy Mining Machinery, Cobham Defence Communications Ltd., GE Aircraft Engine, Contour Premium Aircraft Seating, McBride plc, Phoenix Contact, Rolls-Royce and Volvo. www.epicdata.com / www.epicdatachina.com
Caution Regarding Forward-looking Statements
Certain information in this news release may contain forward-looking statements that involve risks and uncertainties. Such forward-looking statements, including but not limited to those with respect to future business in China that may be developed through development carried out at the joint venture in China, relate to uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
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