Wanma Cable Receives Important Certification for Smart Grid

The fiber composite low voltage cable produced by Wanma Cable [15.56 0.00%] (002276) received yesterday the “License for Accessing Power-Specific Communication Equipment” issued by State Grid Information and Communication Co., Ltd. As a result, Wanma Cable has become a qualified supplier of State Grid Information and Communication Co., Ltd. and can participate in the bidding for products in various smart community construction projects in the smart grid system.

State Grid Information Communication Co., Ltd. is a wholly-owned subsidiary of the State Grid Corporation of China. It undertakes the construction, operation, and management of the first-level backbone communication network and information network of the State Grid Corporation of China. It also undertakes smart grid information communication and intelligent power distribution. Technological R&D and industrialization tasks.

The optical fiber composite low-voltage cable is the leading product of the "Smart Grid Special Cable Investment Project", one of the funds raised by the Wanma Cable's non-public offering of stocks. It integrates electricity and communications and has a cost increase of less than 10% over traditional low-voltage cables. Compared with the traditional FTTB+LAN line program, the overall cost of construction is reduced by about 40%, and the best balance is achieved in terms of bandwidth, independence, management complexity, and economy, with good economic and social benefits.

Under the vigorous promotion of the State Grid, it is expected that the market demand for fiber-optic composite low-voltage cables will exceed 210,000 km in 2015 and the output value will reach 7 billion yuan. The compound growth rate will reach 65% in 2011-2015 and the total demand will exceed 500,000 km in the next five years. The output value reached 1.86 billion yuan.