JCN Newswire
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NEC Signs Long-term Charter Contract with Global Marine Systems Limited for Optical Submarine Cable-laying Ship

ruth
2 minutes

TOKYO, Oct 17, 2022 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) has signed a charter contract with U.K.-based Global Marine Systems Limited (1) for an optical submarine cable-laying ship for approximately four years. Through this contract, NEC will strengthen its provision of submarine cable systems and respond to expanding demand for submarine cables due to the increase in global data traffic.Submarine cable-laying ship "Normand Clipper"NEC has been a leading global vendor in the submarine cable system business for over 50 years, manufacturing submarine cables, submarine repeaters, and terminal station equipment(2), in addition to coordinating marine surveys and route design, equipment installation work, cable laying, training and delivery testing. Until now, NEC has procured submarine cable-laying ships for each project separately. In order to respond to the growing demand for new submarine cables due to the recent spread of 5G and the increase in data traffic between data centers in various countries, NEC has chartered a long-term dedicated cable-laying ship for the first time. As a result, NEC will provide submarine cable systems more quickly and flexibly t...

ACN Newswire
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TIME Interconnect Technology Limited 2020 Corporate Overview

indie
2 minutes

HONG KONG, Jan 25, 2021 - (ACN Newswire) - Despite the negative impact of COVID-19 on the global economic growth in the past year, the Group obtained solid financial performance.The Group has set up a "Strategic Business Development Task Force", to formulate long-term business strategies for the Group, its main responsibilities are to formulate long-term business strategies for the Group, accelerate the development of new markets and strategic customers for both cable assembly and networking cables business.The Group has gained trial orders from a new prestigious customer for industrial equipment products in March 2020, which has become one of the Group's major revenue contributors in this sector. The Group has successfully acquired Linkz Cables Limited and its subsidiaries on 30 June 2020, which will help to broaden the Group's revenue base and mitigate its risk of customer concentration by merging with the diverse customer base of Linkz.The Group's wholly-owned subsidiary Linkz Industries (Suzhou) Limited has achieved ISO14064 accreditation on environmental control in July 2020, being the first wire and cable company in Asia to receive the Greenhouse Gas verification from Underwr...