Dragon Capital Group, a leading holding company of emerging high-tech companies in China, today announced that Shanghai City North Gas Company, Ltd. has chosen its Shanghai Yazheng Information Technology Company (“Yazheng”) subsidiary to carry out a gas valve grouping system project based on Yazheng’s ARC/INFO Gas Information System.
The project is designed to improve the overall efficiency of a portion of Shanghai City North’s gas pipeline network. Its main focus is on setting up and optimizing the grouping of the valve network in order to reduce the number of customers affected by any pipe network failure and to quickly determine the need for specific repair and maintenance so that expenses can be significantly reduced.
Yazheng’s management believes that after years of development it has made a significant breakthrough in gas pipeline management with its Gas Information System. The modeling of optimum valve configuration coupled with the GIS monitoring can significantly reduce outages and proactively target maintenance to reduce incidences of breakdowns in the network. Yazheng is committed to the rollout of GIS throughout China and eventually to other countries as it looks to secure a leading position in this area.
Mr. Lawrence Wang, Chairman and CEO of Dragon Capital Group, stated, “We are very pleased to have been selected by Shanghai City North to provide Yazheng’s GIS to optimize their gas pipeline network. While this initial project is narrow in its scope, it represents a significant first step in the rollout of this important software. We believe projects of this nature will validate the utility of our system and lead to larger and more expansive projects throughout China as well as in other countries. Maximizing the efficiencies of these networks is critical as utility companies search for ways to reduce costs to defray the costs of rising energy prices. We look forward to building GIS into a highly profitable source of revenue for Dragon Capital in the coming years for the benefit of our stockholders.”
For more information, visit www.dragoncapital.us
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