One year after spin-off, business flourishes in both Cubic and Cubic-Ruiyi

Jul 04, 2016 Ruiyi 137
  In order to meet the rapid development of company's needs, on Jan. 1st, 2016, we held a general meeting of shareholders and passed the business separation proposal: Wuhan Cubic Optoelectronics Co.,Ltd. (hereafter shorted as Cubic) will in charge of sensor business, meanwhile, business of environmental monitoring, industrial process analysis system ,gas analyzer and flow meter along with related assets and liabilities, personnel, R&D, production & sales section will be shifted to wholly owned subsidiary of Hubei Cubic-Ruiyi Instrument Co.,Ltd.(hereafter shorted as Cubic-Ruiyi)
  
  Cubic-Ruiyi is based on high-tech business platform of Cubic, has inherited the advanced technology and market system, occupies a very important domestic market position especially in environmental monitoring, gas analysis for industrial process and other industry. Depend on core sensor technology of non-dispersive infrared (NDIR), thermal conductivity detector(TCD), chemiluminiscence detector (CLD), flame ionization detector (FID), ultrasonic and laser Raman, etc. which is company’s independent intellectual property, Cubic-Ruiyi has successfully developed energy conservation & emission reduction instruments like flue gas analyzer, biogas analyzer, syngas analyzer, emission gas analyzer, etc., and world leading ultrasonic gas flow meter and monitoring solution for internet of things(IOT) industry which has been widely used in electric power, iron & steel, nonferrous metals, coal chemical, petrochemical, waste incineration, anaerobic digestion, motor vehicles and engine testing, oil and gas exploration, comprehensive utilization of coal-bed methane, air separation, energy saving and environmental protection departments, research institutions and civilian use and so on.
  
  After business separation, Cubic-Ruiyi has four production lines of gas analyzer, one production line of analysis system and a large-scale industrial base of analytical instrument, annual volume of gas analyzer and analysis system is over 24,000 sets. So far, our products have been exported to 74 countries including United States, Germany, Russia, India, Brazil, Belgium, Thailand, Argentina, South Korea, etc. Based on high quality products with timely and efficient after-sales service, Cubic-Ruiyi has won unanimous praise from customers.
  
  In the future, based on company’s independent intellectual property -- sensor technology, Cubic and Cubic-Ruiyi will continue to innovate in the fields of R&D, production, sales and industry monitor solution for gas analyzer instrument and other fields, serve as a booster of industrial development.