The 42nd China Industry Technical Seminar & Exhibition on Electrical Instrumentation (hereinafter referred to as Electric Power Exhibition), a comprehensive power industry event, was opened in Wuhan on April 7, 2021. Well-known experts and representatives of upstream and downstream related enterprises participated in the event. They exchanged and discussed the status quo, development trend, and cutting-edge technology of the electric power industry. As a leader in the IoT wireless communications that has been deeply involved in the power industry for 12 years, Neoway Technology continues to attend this electric power exhibition.
Since State Grid first proposed the concept of smart grid in 2009, Neoway Technology has been accompanying the growth of China's power grid. Neoway Technology's wireless communications products include 2G, 3G, 4G, NB-IoT, Cat.1 (4G), and 5G products. These products are used in power generation, transmission, distribution, and consumption to provide stable and reliable communications solutions for the intelligent and digital power grid. Neoway Technology has continuously ranked No.1 market share in the wireless communications field of China's power industry and is the power industry leader for more than 10 years.
The past 2020 was a year for the development of 5G applications. With the characteristics of high bandwidth and low latency, Neoway Technology's 5G wireless communications modules have provided favorable support for the collaboration and high-efficiency operation of the power industry.
Neoway products not only rank No.1 in the market share in the China power market but also are used in markets outside China. Neoway products have steadily ranked No.1 in the India power market since the 3G era. Neoway Cat.1 cellular modules have been used in the India power market, and continue to lead the market share. In addition, Neoway's cellular modules are also widely used in the power markets in Europe, the Middle East, South America, Southeast Asia, Africa, and other regions, and have a leading market position.
Power IoT, in short, is to use IoT technology to empower the traditional power grid, continuously improve the perception capability, interaction level, and operating efficiency of the power grid, and make the power grid more "smart". Stable and reliable connectivity is indispensable. Neoway Technology will continue to work hard and innovate to promote the rapid development of power IoT, and more effectively raise the value of power IoT in society, in terms of environmental protection, efficiency, and convenience.