XCMG "Hanyun" Platform Named Top 3 Industrial Internet New Infrastructure Project

XUZHOU,China,July 16,2020 -- The "Hanyun" Industrial Internet Platform developed by XCMG (SZ:000425) has been named a top 3 industrial internet new infrastructure project in the "2020 Industrial Internet New Infrastructure Top 30 Pioneer List" (the "List") released on June 29 by the Center for Information and Industry Development (CCID) under China's Ministry of Industry and Information Technology.

Intelligent Flexible Welding Manufacturing Line of XCMG Excavator.

XCMG's "Hanyun" platform has an overall score of 94,and was coined as "a solid and robust strength in the construction of industrial internet new infrastructure" for its achievements in device connection,data gathering and edge computing,particularly the results in integrating,managing and analyzing massive industrial data,providing industrial mechanism model,application development and data visualization. The "Hanyun" project has constructed 20 sub-platforms within the industry and offered support for fellow enterprises,and completed round A financing of 300 million yuan (USD 42.73 million) in 2019.

"The XCMG 'Hanyun' platform has gained a significant amount of general knowledge and experience,which has empowered more than 79 industries including construction,non-ferrous,high-end equipment manufacturing,core component and new energy," noted Wang Min,Chairman of XCMG.

XCMG is joining hands with China Unicom and Huawei to build the first 5G intelligent industrial park extranet network that will serve 5G Smart Construction scenarios. Converging technology,culture and resources to promote the coordinated development of network,hardware,terminal and system integration,with the goal of setting new benchmark for innovative 5G cooperation and leading the industry's innovation and development.

For users of XCMG equipments,the "Hanyun" platform has made remote diagnosis possible. In June,a XCMG excavator in Southeast Asia encountered some problems during routine maintenance due to improper operation,the tight timeline of the construction project required the equipment to be fixed immediately but the COVID-19 situation has made on-site service more difficult. Upon receiving the call for assistance,XCMG retrieved fault information of the specific excavator through the "Hanyun" platform and assembled a team of technicians to offer remote assistance via remote client application,and the problem was solved in 30 minutes.

All IoT hardware product series under the "Hanyun" platform are compatible with the positioning technology,navigation application and precise timing services of the "BeiDou" satellite navigation system.The newly developed "Hanyun" IoT hardware products have achieved "BeiDou" short message communication,the positioning and communication signals can provide a 24-7,worldwide coverage for all products.

As of now,the "Hanyun" platform is providing industrial internet services in more than 20 countries of the "Belt and Road Initiative."

For more information,please visit:www.xcmg.com,or XCMG pages on Facebook,Twitter,YouTube,LinkedInandInstagram.