Y3 Technologies and Shandong e-Hualu to Collaborate on Smart City and One Belt, One Road Projects in China

Y3
Technologies and Shandong e-Hualu to Collaborate
on Smart City and One Belt, One Road Projects in China

Singapore, 23
May, 2017 – Y3 Technologies,
Singapore’s supply chain and omni-channel solutions leader, has entered into a
strategic framework cooperation agreement with Shandong
e-Hualu Information Technology, a leading player in the area of
smart city solutions, specializing in core software development, data mining
and decision support, systems integration and operational services. A
subsidiary of Beijing e-Hualu Information Technology Co. Ltd, Shandong e-Hualu
Information Technology operates under one of the largest state-owned
enterprises in the IT sector in China – China Hualu Group Co. Ltd.

The cooperation agreement was officially signed on 16th May
2017 by Mr. Marc Dragon, CEO of Y3 Technologies and Mr. Wang Haibo, Senior Vice
President, Board Director and General Manager of Shandong e-Hualu Information
Technology. The objective of the agreement will be to leverage Shandong
e-Hualu’s know-how in smart city solutions and local market context and Y3
Technologies’ innovative pedigree and domain expertise in supply-chain
technology and omni-channel solutions to enhance regional connectivity and
enable seamless flow of products on a mega scale with speed, accuracy and
reliability. 

Under the agreement, both parties will commence pilot
projects in the Chinese cities of Jinan, Ganzhou, Xuzhou, Dezhou, Penglai, Yiwu
and Linyi. In line with the One Belt, One Road Initiative, the
focus of the projects will be to readily unlock opportunities to elevate the
standard of supply chain and logistics services through technology. 

“We are looking forward to this new strategic
framework cooperation with Shandong e-Hualu Information Technology as the
development of the logistics and supply chain ecosystem coupled with the
evolution of smart cities in the world’s largest market will help contribute
to  the success of the One Belt, One Road initiative.
Through this cooperation, we will continue our commitment to providing our
technological and technical expertise to enhance connectivity on a city-wide as
well as regional scale’”,
said, Marc Dragon, CEO of Y3 Technologies.

Mr. Wang Haibo, Senior Vice President, Board Director
and General Manager of Shandong e-Hualu Information Technology expressed his
heartfelt thanks to the Jinan City High-Tech Zones Management Committee, Qilu
Software Park Management Committee and Shandong Provincial Cultural Industry
International Chamber of Commerce, who were in attendance to witness the
signing of the agreement, for their continual support of the development
Shandong e-Hualu Information Technology.

Speaking
at signing ceremony, the President of Shandong Provincial Cultural Industry
International Chamber of Commerce, Mr. Yu Zeshui, thanked Y3 Technologies for
putting their trust and willing cooperation with Shandong e-Hualu Information
Technology and praised both parties’ efforts in
upholding the innovative and pragmatic spirit of, “daring to dream and
make history; and using science and technology to create the future”.

The
two-year partnership agreement combines the
respective capabilities of both parties to explore
enterprise and government cooperation, which will promote the rapid development
of the One Belt, One Road Initiative.