Mathew August
Calgary, AB (CAN)
Role(s):
Associate/Staff
THN Investments China Ltd
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Startup
Location:
Calgary
Industry:
Technology/Web
Year Founded:
2008
Number Employees:
10-50 people
Description:
THN Investment(China) Limited was founded by a group of nine business people who were effective in negotiating participation in the development and commercialization of utility meters controlled by a remote monitoring system, located in mainland China. The meters are matched with data components to create a Digital Utility System. In addition to the operating software for the meters, the company has been working with a new software for this system that will collect data and eventually provide for in-home collection of utility fees for mainland China. These two patented systems have been approved for use in China and are slated for installation in a pilot project located in the PRC.
The company will also launch the production of the Digital City utility meters. Fueling the demand for these products is the desire of the central government of China to better monitor and control the use of their scarce resources.
The company has the right of first refusal to participate in the proposed data and fee collection system and to secure a share position in this system, pro-rated to the total contributions. This service will provide a high margin, recurring revenue stream, with a small percentage realized on every utility bill generated by the systems installed in residences, as well as commercial and industrial properties.
1.2 Long Term Objectives
The Corporation's long term objective is to successfully cooperate with major stakeholders in the utility service industries of mainland China including: technical and utility suppliers, government, financiers, and communities. Through cooperation, the company expects to significantly increase the market acceptance and integration of its turnkey system. The company will be introducing compatible applications of the technology into all Chinese geographic sectors, with the ultimate goal being standardization of product offerings across all sectors.