CIMC IT, ASTO Telematics and HongYi Hi-Tech Jointly Form the Joint Venture ZhongHong

ASTO Telematics, CIMC IT and HongYi Hi-Tech sign official joint venture agreement; Smart containers in response to safety and logistical challenges; As a provider of smart container solutions, a new joint venture can satisfy growing market demand for M2M services; The focus is on services and applications for smart containers, M2M and software for networked processes.

Munich, Germany, October 26, 2017 --( ASTO Telematics GmbH, Munich, through its 100% subsidiary ASTO Telematics Asia Pacific Ltd., CMIC Intelligent Technology Co., Ltd. and ShenZhen HongYi Hi-Tech Technology Co., Ltd. today announced the establishment of the joint venture ShenZhen ZhongHong Equipment Technology Co., Ltd. in ShenZhen. It is a joint venture that will provide smart container components in the mass market.

Together with the world's largest container manufacturer CIMC, the three companies involved have recognized that existing solutions do not meet the requirements for a smart container and consequently a smart container chain management (smart-cm). As a result, the three companies involved have decided to pool their forces to simplify the introduction of a world-wide and affordable, smart container. Each of the companies involved brings unique expertise into the ZhongHong joint venture.

ASTO Telematics will develop the basis of the tried and tested "aJour Compact" product within the joint venture company ZhongHong to the requirements of a dry container with regard to logistics processes as well as container and transport insurance. In principle, the adapted "aJour Compact" version increases operational efficiency and effectiveness. The ASTO Telematics technology (hardware and software) is redesigned with regard to the dimensions and additional functionalities so that the containers as a smart container do not have to be re-certified. Through this innovation, the joint goal of equipping the production volume of CIMC with aJour devices can be realized. The ZhongHong joint venture enables high-volume markets to be equipped with smart devices.

The ZhongHong joint venture is pursuing the goals of the GSCA (Global Smart Container Alliance) and implementing them at the same time. The data from the energy-efficient telematics are further processed and provided in the CIMC portal and in other customer portals. The guaranteed battery life of this telematics device on aJour Compact is five (5) years and corresponds to the product life cycle of a dry container.

In order to ensure the integrity of the container and the load, in addition to the telematics and the like, also geofence locks for dry and reefer containers as well as various technical additional components of the containers at ZhongHong in Shenzhen were produced.

About ASTO Telematics
ASTO Telematics GmbH develops and delivers energy-efficient positioning, communication, energy metering and sensor technology solutions for railways, truck, container and freight logistics services. The latest generation of aJour telematics is a technological milestone in terms of energy efficiency, providing long-lasting, maintenance-free lifetime operation over many years.

CIMC Intelligent Technology Co., Ltd., a subsidiary of the China International Marine Container Group. CIMC IT achieved the mission of developing advanced smart security equipment, systems and services for the implementation in various industries, including tobacco, customs, railway, energy-chemical and so forth. In order to provide complete intelligence and security solutions for traditional transportation equipment and satisfy the fast and growing demand on cargo safety, modern logistics and global trade for the next generation of transportation equipment, CIMC IT has developed several smart systems, such as a smart container system, cargo safety monitoring system, RFID automatic recognition system, etc.

About HongYi Hi-Tech
ShenZhen HongYi Hi-Tech Technology Co., Ltd is located in Bao’an District, Shenzhen, Guangdong, China. The business scope is developing, manufacturing and sale of 3D printing equipment and accessories, 3D printing software and 3D printing materials. Besides design and sales of software, the development and sale of machinery and equipment, electrical equipment, electronic products, laser products and accessories. Domestic trade, import and export of products and technology is also part of the business scope. The company has a professional R&D team and has been cooperating with Italian, Japanese and now with German partners in technology integration.

About GSCA
The Global Smart Container Alliance (GSCA) combines the knowledge and information of component and system providers, together with the world's leading shipping companies, to transmit data over GSM networks and satellite communications.
ASTO Telematics GmbH
Thorben Fabian
+49 89 95 45 37 – 400
Krüner Straße 51
81373 Munich