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China Security & Surveillance Technology Signs Memorandum of Understanding with Japan's Sojitz Corporation
May 28, 2008 (08:05 AM EDT)
SHENZHEN, China, May 28 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc. , a leading provider of digital surveillance technology in the PRC, today announced that the Company signed a memorandum of understanding (MoU) with Sojitz Corporation, one of Japan's leading trading corporations to explore opportunities to work with Sojitz in distributing the Company's security & surveillance products and services outside of China into other international markets.
Sojitz Corporation is a trading corporation based in Tokyo, Japan. It was formed in 2004 by the merger of Nissho Iwai Corporation and Nichimen Corporation. It operates in many industries, including aviation, construction, forestry, plastics, chemicals, mining, petroleum, textiles, and international trade. Currently, Sojitz has 12 domestic & 90 overseas branch offices, as well as 201 domestic & 424 overseas subsidiaries and affiliates. Sojitz is listed on the Tokyo Stock Exchange under '2768'.
Mr. Guoshen Tu, Chief Executive Officer of China Security, commented, "We are excited to have the opportunity to work with a leading multinational corporation such as the Sojitz Corporation, which operates in many key industries and maintains a large global footprint of offices, subsidiaries and affiliates. This MoU has been pursued through one of Sojitz's product divisions and we plan to work with Sojitz in the coming months to determine the type of CSST products and services they will carry via their distribution network.''
''There are an increasing number of international companies that recognize CSST as a leading security and surveillance player in China, some of which have expressed the opportunity to work with CSST on an international level as well. While the majority of our business remains firmly entrenched in China, we will continue to explore international expansion opportunities with high profile, well-established companies such as Sojitz that can potentially drive sales and strengthen our market reach on the global level. We look forward to increasing our cooperation with this partner in the weeks and months ahead,'' concluded Tu.
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