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WUHAN (HUBEI) & SAGEM DEVELOP BUSINESS IN CHINESE SMART CARD MARKET
07 July 2004 - Sagem Communication
| SAGEM and the Wuhan (Hubei), China company Tianyu signed an agreement on 2 July to develop business together in the Chinese smart card market. |
SAGEM and the Wuhan (Hubei), China company Tianyu signed an agreement on 2 July to develop business together in the Chinese smart card market.
Under the terms of the agreement, SAGEM has acquired a significant interest in Tianyu, and the two companies have launched a joint venture for the manufacture of smart cards. As a specialist in smart card technology and a major European manufacturer in the industry, SAGEM is providing Tianyu with the technological and industrial backing necessary to increase its business and develop cards that make use of technologies such as Java. This partnership enables SAGEM to become a significant player in the Chinese smart card market, a market which is the largest in the world for telecoms applications and has substantial growth perspectives in the banking and security sectors. The agreement, for which approval by local authorities is pending, will be finalised shortly. Tianyu is a young, dynamic company that develops and markets smart cards for Chinese operators in the telecoms, banking and security industries.
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About: Sagem Communication
Sagem Communication is organized in two Business Groups: Mobile Communication and Broadband Communication.Mobile Communication Sagem brand mobile phones enjoys a strong presence in world markets – Europe, Middle East, Africa, Asia and Latin America – thanks to continuous technological innovations, including build-in cameras, colour screens, multimedia messaging, WAP, GPRS, modules and modems, etc. The Mobile Communication Business Group operates a Research & Development center in Cergy, northwest of Paris, and a production plant at Fougères, in the Brittany region of France. Industrial and commercial partnerships with other telecom players have opened access to new international markets, including China and Brazil. China: a joint venture with Bird, the leading domestic manufacturer of mobile phones, called "Ningbo Bird Sagem Electronics Corporation Ltd". Brazil: a joint subsidiary with Gradiente, to handle the production and marketing of Sagem mobile phones. Broadband Communication The Broadband Communication Business Group designs, develops and produces a complete line of products for the high-growth broadband, video and printing markets. A proven capability for innovation led to technological breakthroughs that give Sagem products high-profile positions in these highly competitive markets: the first DLP flat-screen TVs in Europe, the first embedded image correction in terminals, DECT wireless phones with mobile phone functions (SMS, hi-fi ring tones, directory, etc.), TVs and set-top boxes with build-in card readers, etc. The Broadband Communication Business Group also deploys a Europe-wide network of subsidiaries, called National Sales Organization (NSO), that distributes Sagem brand products to all major European retailers. Sagem has signed a number of agreements with OEMs, meaning that Sagem products are used by the world’s leading brands and most European operators. |
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