Shanghai City North Gas Company, Ltd. to Use Dragon Capital Group's Gas Information System for Gas Valve Grouping Project
GIS Software to Be Utilized to Optimize Valve Configuration to Increase Efficiency and Reduce Maintenance Cost
(firmenpresse) - SHANGHAI, CHINA -- (Marketwired) -- 08/06/13 -- Dragon Capital Group Corp. (OTC PINK: DRGV), a leading holding company of emerging high-tech companies in China, announced today that Shanghai City North Gas Company, Ltd. has selected 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.
Management of Yazheng 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."
Dragon Capital Group Corp. is doing business in China through its subsidiaries. Dragon was established to serve as a conduit between Chinese high-growth companies and Western investors. DRGV functions as an incubator of high-tech companies in China, offering support in the critical functions of general business consulting, formation of joint ventures, access to capital, merger & acquisition, business valuation, and revenue growth strategies. DRGV has developed a portfolio of high-tech companies operating in China. For more information about DRGV, please visit
Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the word expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance.
Richard Galterio
U.S. Representative
Telephone: (954) 363-7333
Facsimile: (954) 726-2022
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Datum: 06.08.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 285020
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SHANGHAI, CHINA
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Oil & Gas
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