On March 16th, a delegation led by Compass Ventures Group visited the China Electronics Technology Group Corporation (CETC) office in Beijing.
The Compass delegation was hosted by Mr. Tian Yaobin, General Manager of International Engineering, Mr. Cai Yang, Marketing Deputy General Manager, Mr. Meng Qingwei, Deputy General Manager and Ms. Ji Weina, Marketing Manager. The Compass Ventures delegation was led by Compass Ventures Chairman, Mr. Ronen Dagon, and CEO, Mr. Moshe Kamar.
Mr. Tian welcomed the Compass delegation and presented an overview of CETC’s latest activities, manufacturing management system and strategic vision moving forward.
The Compass delegation shared its expertise on sourcing technology and innovation solutions from around the world across a range of sectors including Security, Artificial Intelligence, and IOT. In addition, the Compass team focused on showcasing key Israeli breakthrough technologies around the field of Security and Smart & Safe City with high integration potential for the Chinese market.
The CETC team expressed its interest in the exchange of technologies with Compass and was highly impressed by the high level of expertise brought by the Compass team. It was agreed to continue discussions for mutual future collaboration on a range of projects.
Dr. Ronen Dagon, Chairman of Compass commented: ““At Compass Ventures we welcome the collaboration of leading Chinese companies with Israeli breakthrough technologies. China is the ideal market to test and localize many such technological products. We look forward to collaborate with CETC in finding the right win-win opportunities.”
Mr. Moshe Kamar, CEO of Compass added: “Israel is a world leader in Artificial Intelligence and additional innovative technologies pertaining to homeland security and smart and safe city. CETC represents an ideal partner to bring to market Israel’s latest innovations in those fields and help make China a safer living environment.”
About China Electronics Technology Group Corporation (CETC)
Founded in 2002 by the Minister of Information Industry, The CETC is Chinese state-owned company operating in the fields of communications equipment, electronics, computers, software development, investment and asset management for military and civil applications. The company is located in Beijing and spread over 18 other provinces. Since 2016, the company has been tasked by the Chinese government to focus on developing software and acquiring new technologies in the fields of artificial intelligence, homeland security, and facial recognition.
About Compass Ventures Group (Compass VGG)
Compass Ventures Group is a leading holding group specializing in new innovative technologies, investing and managing leading technology projects around the globe. Compass was founded by former senior World Bank and world-class executives, each bringing unique global exposure and expertise with extensive business experience and know-how which form the key pillars of Compass’ vision and success. The global Compass network is strategically spread-out across leading and target markets, differentiating Compass by its multinational reach and ease of building ties in any market. With a large-scale portfolio of business contacts, experts, and key market leaders, Compass is a leading innovation expert across a wide range of sectors: homeland security, safe and smart city, artificial intelligence, internet of things, environmental protection, water, green technology, automotive, robotics and medical.