We place great emphasis on our research and development capabilities. We have 195 engineers and technicians working on research and development projects. All of them hold a college degree and have accumulated experience of six years on average in the wire and cable industry.
We established a research workstation in conjunction with the China Academy of Engineering and China Academy of Sciences in July 2009 as well as a state postdoctoral research workstation in August 2010. We have also participated in the drafting and formulating of 32 national industry standards, including “Standard On Rated Voltage 0.6/1kV Rubber Insulation and Sheathing Wind Power with Twist-resistant Flexible Cables” for the manufacturing processes for power cables, wires and cables for electrical equipment and bare wires. In addition, Jiangnan Cable was one of the first seven companies in the PRC cable industry that were accredited as a State Key High Technology Enterprise under the revised standard of the State Torch Program by the Torch High Technology Industry Development Center, the Ministry of Science and Technology.
We had obtained 58 patents that are material to our business in the PRC and had submitted another 15 patent applications to the State Intellectual Property Office of the PRC. We also had 8 National Key New Products and have obtained 117 patents in the State Intellectual Property Office of the PRC.
Since 2007, we have developed and introduced different innovative products, including the following, among others: