Huawei and Precise System and Project Co., Ltd. Sign MoU to Deepen Strategic Cooperation

[Bangkok, February 7, 2023] Huawei and Precise System and Project Co., Ltd. have signed a Memorandum of Understanding (MoU) on deepening their strategic cooperation. Mr. Cheng Guodong, President of Huawei Thailand Enterprise Business Dept, and Mr. Amorn Daengchot, CEO of Precise System and Project Co., Ltd., signed the MoU on behalf of the two companies. Present at the signing ceremony were Mr. David Sun, CEO of Huawei Electric Power Digitalization Business Unit, Mr. Liu Shuofei, President of Huawei Asia Pacific Energy Sector, Mr. Kitti Sumrit, CEO of Precise Corporation Public Company Limited, and Mr. Passakorn Naraborrirak, COO of Precise System and Project Co., Ltd.

Huawei and Precise have already jointly developed the intelligent power distribution gateway solution, which enables real-time monitoring of power distribution transformers and improves daily operation and O&M efficiency. The solution has been applied in several power distribution scenarios, delivering significant value and tangible benefits. The signing of the MoU will deepen the relationship between Huawei and Precise, a clear sign that both companies will further cooperate to accelerate the digital journey of the power sector in Thailand.

According to the MoU, the two companies will focus on the cooperation in the research and construction of smart grid and intelligent energy solutions such as smart transmission systems, smart distribution systems, smart substation and smart solutions for LV distribution systems, being strategic partners and other new business areas for the Parties. Also, an exhibition and experience center of digital products and intelligent energy solutions will be jointly developed at Precise Products and Solution Exhibition Center in Thailand to better serve Thai customers and at the same time adding to a greener and sustainable society.

During the ceremony, Mr. David Sun remarked: "Our purpose is to bridge the gap between customer requirements and intelligent power solutions, and to shorten the connection between innovation and product development. Only with strong and committed partnerships such as with Precise, will we be able to do so."

Regarded this strategic cooperation highly as a significant milestone in the two parties' partnership, Mr. Kitti Sumrit remarked: “By entering into this MoU, we aim to broaden and deepen our cooperation in the smart grid business, jointly develop innovative solutions, and leverage cutting-edge technologies to create new services and businesses.”

In addition, Huawei shared its power grid digitalization solution and success stories around the world. Looking to the future, Huawei will continue the 'Platform + Ecosystem' strategy, with a focus on the power industry and digital technologies, and work with Precise to create more value for power customers in Thailand in an effort to help build a green and sustainable society and fulfill the commitment of "Grow in Thailand, and Contribute to Thailand."

Group Photo after the MoU Signing Ceremony

Learn More: https://e.huawei.com/en/industries/grid.