New H3C Group, a world-leading provider of new IT solutions under Beijing-based Tsinghua University, signed a contract with the municipal government of Hefei, capital of East China’s Anhui Province, on Monday, planning to make a foray into the cyber and information security industry here.
Under the contract, the company will establish production, sales and research and development (R&D) facilities for IT security products in the city, known as one of the four scientific and educational powerhouses in China.
It also aims to make the Hefei branch go public in three to five years, and nurture an industrial cluster worth more than 10 billion yuan ($1.5 billion).
The project will increase overall strength and core competitiveness of the local public security industry, local media said.
Speaking at the contract-signing ceremony, acting governor Li Guoying lauded Tsinghua University for having been in close partnership with Anhui Province.
Li urged the prestigious university to join in the province’s innovation initiative by using its competitive edges in education, research and human resources.
The official called upon the two sides to deepen cooperation in carrying out R&D in major areas, setting up innovation platforms and commercializing research findings.
Cheng Jianping, executive vice president of Tsinghua University, pledged the university will continue to contribute to Anhui’s economic and social development.