05/06/2019 | Press release | Distributed by Public on 05/06/2019 16:19
BEIJING, May 6, 2019 - Guangdong Vanward New Electric Co., Ltd., a gas appliances manufacturer, and Resideo Technologies, Inc. (NYSE: REZI), a global leader in home technologies, today announced a global strategic partnership to develop and promote Resideo's iXQ gas adaptive technology for residential applications.
The partnership, announced at ISH China & CIHE 2019 (China International Trade Fair for Heating, Ventilation, Air-Conditioning, Sanitation & Home Comfort Systems), will include collaboration on dedicated technical trainings, installation prototypes, testing and verification, and product launches. In addition, the partners will work together on two atmospheric gas valve projects - Atmix and the CVI Moduplus - and the pX42 basic full premixed wall-hung boiler project.
'We are always on the lookout for strategic partners who share our vision and can cooperate with us over the long term,' said Vinnie Schultz, Product and Solutions vice president and general manager of Residential Thermal Solutions at Resideo. 'Vanward is known for excellence in R&D and innovation. Over the years, Resideo has supported Vanward in the development of residential and commercial products, including gas adaptive technologies. We believe the shared vision and goals of our companies will continue to spark new ideas and provide Chinese consumers with more choices for comfortable, energy-saving and environmentally friendly home heating systems.'
'Vanward greatly values Resideo's robust technology and long-established expertise in the fields of combustion control and gas valves,' said Lu Yucong, president of Vanward. 'The strategic cooperation with Resideo will enhance Vanward's leading position in the heating industry. Currently, Vanward's gas adaptive technology has made significant progress in the Chinese market. Our plans call for further collaboration in the future. We will work with Resideo to evaluate and upgrade our basic laboratory, to apply the technology to improve our product portfolio for our target market, to share global market resources, to promote collaboration between university and industry researchers, and to extend the application of the technology. In addition, the cooperation will be expanded to include technology development, training, talent development, testing and many other aspects. The two companies will work closely on R&D, the intelligent Internet of Things, and large-scale commercial products, so as to truly achieve a powerful combination of resources and capabilities, and forge strong competitive advantages for both parties.'
Resideo's iXQ technology builds on the company's extensive experience in smart and safe combustion control and gas valves. The technology can identify if there is a flame, and the type of flame, and automatically adjust parameters for optimal combustion control. A specialized pX52 gas valve enables the high-precision control. The iXQ system requires no human intervention and can make intelligent adjustments that automatically adapt the boiler to the different types of gas qualities available in the Chinese market, maximizing combustion efficiency and system reliability.
In addition, the modular design of the gas adaptive iXQ system lets manufacturers introduce customized solutions that make development and manufacturing processes more flexible. The highly adaptable iXQ software algorithm ensures compatibility with all types of condensing gas boilers.
Vanward, a listed Chinese company (SHE: 002543) founded in August 1993, is a leading manufacturer of water heaters, kitchen appliances and water heating systems. Vanward owns seven manufacturing bases in Shunde, Zhongshan, Gaoming, Hefei, and other parts of China that together have an area of over one million square meters and annual production capacity of 15 million units. Vanward was the first to introduce multi-energy water heating systems to the Chinese market. Committed to becoming the world's leading supplier of kitchen/bathroom appliances and water heating system solutions, Vanward provides energy-saving, environmentally friendly and comfortable hot water solutions, creating a high-quality, low-carbon life for millions of Chinese families.
Resideo is a leading global provider of critical comfort and security solutions primarily in residential environments, and distributor of low-voltage and security products. Building on a 130-year heritage, Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year. We continue to serve more than 110,000 contractors through leading distributors, including ourADI Global Distributionbusiness, which exports to more than 100 countries from more than 200 stocking locations around the world. Resideo is a $4.8 billion company with approximately 13,000 global employees. For more information about Resideo, please visit www.resideo.com.