China VoIP and Digital Telecom Virtualization Project Endorsed by Governmental Fund

(Business News & Technology News, 6 Jul 2009)

Jinan Yinquan Technology, the wholly owned subsidiary of China VoIP & Digital Telecom, announced that its data center virtualization technology project has received 500,000 yuan from Shandong Economic and Information Technology Committee.

The government established the fund to award outstanding energy-saving industrial technology projects in Shandong Province in 2009.

Mr. Li Kunwu, Chairman and CEO of CVDT, pleased with the government’s recognition, said, “The virtualization technology solution provided by Yinquan is in full compliance with the conservation-oriented society and Green IT concepts advocated by the country. Yinquan maintains a leading position in virtualization technology, and the government’s endorsement will accelerate our expansion in the virtualization market in 2009. Also, with the government‘s support, industrializing virtualization in China will be expedited. I believe Yinquan should have bright growth prospects in virtualization.”