On November 8, 2023, Zhejiang Kreation Electronic Technology Co., Ltd. (referred to as "Kreation"), together with Changshu Special Ceramics Co., Ltd. (referred to as "Niterra") and Shanghai Wangrun High tech Co., Ltd. (referred to as "Wangrun"), held a grand signing ceremony for the joint development of SM3 intelligent oxygen sensors in Huzhou, Zhejiang.
This signing signifies that the three parties will fully leverage their leading advantages in their respective fields and work together to bring customers higher performance and more valuable product solutions. Li Daming, Chairman of Kreation, and Song Changying, General Manager; Nitera General Manager Hasegawa and Shin, Deputy General Manager Weng Qing, Director Guo Yu of the Technology Department, Director Lu Yugang of the Technology Department, Director Hu Xiaoyan of the Sales Department, Director Ren Bin of the Technology Department, Director Chen Feng of the Sales Department, Expert Shi Wenjie, Expert Shi Lanai, and Director Zhao Shoujia of the Technology Department; Guests such as Chairman Wang Run, Gan Shengyu, and Director Gan Lishi jointly attended and witnessed this important moment.
1.Trust and respect
Collaborative cooperationAt the signing ceremony, Li Daming, Chairman of Kreation, and Nitera General Manager Hasegawa and Shin delivered speeches respectively. Nitera's General Manager, Kazuo Hasegawa, stated: Thank you very much for the invitation from Kreation, which gave us the opportunity to come here. At this moment, I would like to review our previous cooperation. We have solved many difficulties and challenges together and achieved some very significant results. We have achieved mutual trust, understanding, and respect between each other, which are the cornerstone of success. Therefore, I believe that we will continue to cooperate and jointly explore larger markets and higher quality products, Achieve even more remarkable results
2.Multidimensional exploration and deep cooperationMeanwhile, Li Daming, Chairman of Kreation, also stated: We are deeply honored and willing to put in all efforts and utilize sufficient resources to ensure the success of this project. We will spare no effort in every detail to ensure that the project is completed to the highest standard and highest quality. We hope that this cooperation is only the beginning and can open up more opportunities for us to cooperate. We look forward to creating more success with your company in future cooperation and working together to achieve greater success Big goals. I believe that through our joint efforts and collaboration, we can achieve even more brilliant results.
3.Collaborate with each directorMr. Gan,chairman of Wangrun said, "Today's signing ceremony was held very successfully, which is the result of everyone's continuous efforts and efforts over the past year. Next, Wang Run will strengthen market research and customer docking, fully understand customer needs, and accelerate product launch to the market. At the same time, we hope that the three parties can leverage their unique advantages in their respective fields to provide customers with SM3 intelligent oxygen sensors with superior technology and reliable quality.
After the signing ceremony, the three parties conducted in-depth discussions on the project situation from several aspects: project progress, project development issues, subsequent development plans, and SM3 product planning. Song Changying, General Manager of Credit Suisse, stated that Credit Suisse will invest sufficient resources and, if necessary, leverage the platform based resources of its parent company, Zhuoping Intelligent Technology, to make every effort to ensure the smooth completion of the project. The meeting reached preliminary consensus on the subsequent product development and market promotion of the SM3 intelligent oxygen sensor.Weng Qing, Deputy General Manager of Niterra, stated The joint development of SM3 intelligent oxygen sensors with Kreation is Nitera's first product development outside of Japan in nearly 90 years of its establishment. We hope that the success of this SM3 intelligent oxygen sensor development will reflect Nitera's Shanghai team and localized research and development capabilities in China. The development of SM3 intelligent oxygen sensors is the beginning of our cooperation, and we will continue to deepen our partnership, which is expected to expand to other different fields in the future.After the signing of the contract, Nitera General Manager Hasegawa Hoshin and Wang Run Group Chairman Kan Hayashi visited the production workshop of Kreation, accompanied by Kreation General Manager Song Changying for explanation.All three parties express and agree that this project is only the beginning, and we hope to expand the joint development of other products.
BACKGROUND
Changshu Special Ceramic Industry Co., Ltd
Changshu Special Ceramics Co., Ltd. was established in 2011 with 100% investment from Japan Special Ceramics Co., Ltd. The company mainly produces and sells oxygen sensors and other sensors. The company employs more than 255 people and has passed IATF16949, ISO14001, ISO45001, and safety production standardization level 2 system certifications. The parent company, Japan Special Ceramics Co., Ltd., was established in 1936. As of the end of March 2022, there are 47 global locations with approximately 16145 employees and sales in approximately 140 countries. Its main products, NGK spark plugs and NTK oxygen sensors, have the world's largest market share in the industry according to internal statistics as of March 2021.
Shanghai Wangrun High tech Co., Ltd
Wang Run Company was established in 1992 and began to engage in automobile maintenance and parts sales. In 2021, it was officially renamed Shanghai Wang Run High tech Co., Ltd. with a registered capital of 80 million yuan. Wang Run specializes in the sales of automotive accessories, introducing and developing cutting-edge technology components to meet the needs of host customers with a market-oriented approach. He is also developing new energy vehicle components and investing and expanding new business in other fields. In 2016, Wang Run established its first wholly-owned subsidiary, Shanghai Puce Automotive Parts Co., Ltd., specializing in online and offline sales of automotive parts after-sales. Wang Run Group is the general agent of well-known brands such as Niterra, NIKKI, and DIAMOND Electric in China. With strong strength, reasonable prices, and excellent service, it has established long-term cooperative relationships with multiple host manufacturers and after-sales enterprises.
Zhejiang Kreation Electronic Technology Co., Ltd
Zhejiang Kreation Electronic Technology Co., Ltd is an intelligent sensor company founded by E-Quality Intelligent Technology Co., Ltd.(referred to as E-Quality), located in Wuxing District, Huzhou City, Zhejiang Province. It is committed to the research and development, production, and sales of intelligent sensors (nitrogen oxygen sensors, intelligent exhaust temperature sensors, urine quality sensors, etc.) and other intelligent components. The company has invested tens of millions in the research and development and production of nitrogen and oxygen sensor products, and has obtained CMMI and IATF16949 certifications. It has introduced ERP and MES digital management platforms to achieve intelligent, information-based, and integrated processes for production, quality inspection, and traceability. We always adhere to the core values of innovation, responsibility, and efficiency, respond quickly to customer needs, maintain a stable and enterprising friendly cooperative relationship with customers, and achieve sustainable development.
