Recently, Zhejiang Zhongkong Technology Co., LTD. (hereinafter referred to as: Zhongkong Technology) and Hangzhou Peimo Technology Co., LTD. (hereinafter referred to as: Peimo Technology) formally signed a major strategic investment agreement. Following the global Industry 4.0 development wave, focus on the intelligent transformation needs of process industry users, based on their respective core advantages, and work together to build a new digital intelligent industry ecology.

With this strategic investment, Zhongkong Technology and Peimo Technology will form strong synergies in terms of technological innovation, product services, and market channels. By integrating the leading advantages of Peimu Technology in the process industry asset performance management business, it will further help the central control technology to consolidate the core capabilities of the whole life cycle products and solutions from intelligent perception, intelligent control, intelligent operation to intelligent optimization, intelligent operation and maintenance, and continue to strengthen the company’s entire industrial chain layout.

Peimu Technology is an international software service provider providing health and risk-based equipment reliability management and asset performance management overall solutions for heavy asset industry, especially process industry. Based on nearly two decades of technology accumulation and a number of core patents, it has developed the internationally leading “RCM+RAM” software and the only autonomous and controllable global APM software system in China. With a series of algorithms based on big data and artificial intelligence, such as fault law analysis, maintenance strategy analysis, spare parts analysis, system simulation and optimization, its products and services can not only improve the reliability and availability of the plant after operation, reduce the risk of enterprise operation, but also intervene from the design stage to improve the inherent reliability and availability of the device. Help customers to reduce the failure rate, reduce safety risks, environmental risks, reduce the cost of the whole life cycle of the device.

At the signing ceremony, Cui Shan, chairman and president of Zhongcong Technology, highly affirmed the excellent achievements made by Peimo Technology in the fields of high-end products and technological innovation.

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“We hope that through this investment cooperation, we can continue to deepen the technical exchanges and market cooperation between the two sides, based on the core advantages of both sides, and deeply integrate the world’s leading asset management products and solutions into the technology architecture system of central control technology products, achieve the goal of 1+1>2, and provide more comprehensive, smarter and more perfect products and solutions for industry customers.” We look forward to strengthening our leading edge and closed-loop value ecosystem in the process industry through more projects.”

Dr. Yin Qiying, founder of PEMus Technology, said: “The strategic investment of Zhongkong Technology is of great significance to the future development of PEMus Technology, and also makes the development prospects of PEMus more exciting. This signing will help both sides further explore market space and achieve complementary advantages and win-win cooperation. Based on the successful practice and profound accumulation of Zhongkong technology in the field of industrial data intelligence, combined with the precise insights gained by Peimu Technology over the years, it will provide more practical products and better services for global customers, and bring new momentum to the industry.”

Up to now, China Control Technology and Pei Mu Technology have carried out in-depth cooperation in BASF, Shaanxi Coal Yulin, China Coal Eneng Chemical and other projects. Both parties have a good user base and professional advantages, and the combination of each other will effectively cover the process industry, petrochemical, chemical, metallurgy, electric power and other industries, and continue to strengthen the ability of both parties to provide products and services to existing and potential customers.

Previously, through strategic investment in petrochemical Yingke and Darmag, wholly-owned acquisition of Hobre of the Netherlands, etc., Zhongkang Technology has continuously improved the core capabilities of Suzhi chemical products, technologies, solutions and services covering the whole process industry chain and achieved remarkable results.

Through the strategic investment in Peimu Technology, Zhongcontrol technology will form a complete digital intelligence chemical plant solution, strengthen the key capabilities in the intelligent optimization, intelligent operation and maintenance chain, meet the full range of digital needs of process industry customers, in order to achieve a clearer and more effective scenario-based application breakthrough, and better respond to the new industrial structure adjustment brought about by the digital depth transformation needs. Reliability, availability, and Maintainability (RAM) strategies that help users achieve the most cost-effective or least operational risk enable users to effectively improve their equipment integration management and optimize equipment efficiency and performance at different stages of the equipment lifecycle. At the same time, to achieve the rapid extension and coverage of both markets and businesses on a global scale, enhance user stickiness, and promote internationalization.