Nations is a leading enterprise in China's integrated circuit design industry and has maintained a leading edge in commercial password application for more than 10 years. Based on high-level security chip technology, Nations focuses on providing strong identity authentication services like user authentication and device management for online applications such as online banking, e-payment, e-government, and e-commerce, and protect information security. 

Neoway is dedicated to providing access communication products and services for industrial Internet of Things. Neoway's products include 2G/3G/4G/NB-IoT/eMTC cellular modules, devices, and solutions, which are widely used in IIoT, energy metering, IoV, smart city, security monitoring and other industries. In recent years, Neoway has helped Gree achieve intelligent remote control of commercial air conditioners; Haier and Neoway have jointly developed industrial gateway products to promote the rapid development of intelligent wireless communication for household appliances; this year, Neoway received a strategic investment from Midea. Neoway's layout in the smart home appliances, commercial electrical appliances and other industries are now gradually spread out as its IoT ecosystem has seen the prototype.  

According to the agreement, the three parties will innovate together to create an industrial IoT device security platform with chipsets and clouds that meet the security requirements of Chinese cipher algorithm, relying on Haier COSMOPlat mass customization mode, the chip security technology provided by Nations, as well as Neoway's strengths in cellular modules and gateways. This platform is the first one innovated in China and it has three excellent technology genes of enterprises, but also leads the innovation practice of the industry.