(EnergyAsia, July 3, Thursday) — Open Systems International Inc (OSI), a US-based provider of open automation solutions to utilities worldwide, said it has established a wholly foreign owned enterprise (WFOE) in Beijing, China. The enterprise is a Chinese legal entity licensed to do business in the country.
The enterprise, OSI Automation Software Systems (Beijing) Co Ltd, will serve as a centre for strategic business operations in the region, helping the company to become a larger player in China’s electric and network automation markets.
Located in Beijing’s Chaoyang Business District, the new office will support business development activities, engineering, project implementation and support for OSI projects in the region.
OSI’s existing Chinese clients include Anhui Electric Power, Hunan Electric Power, Hong Kong Electric Company, Jiangxi Electric Power, Sichuan Electric Power, Qinghai Electric Power, Xining Electric Power, Xinjiang Electric Power and Zhejiang Electric Power Bureau.
China’s demand for energy management and monitoring systems is growing rapidly as part of its rapid industrialisation and economic growth.
“China is the second largest electric utility market in the world after North America and the tremendous growth potential in this sector, as well as other network control segments such as oil and gas, provide OSI with great opportunities for expansion. With our presence in China we will be able to bring OSI’s superior technology to utilities in the region while leveraging local project implementation, development and support infrastructures,” said Bahman Hoveida, President and CEO of OSI.
“Flourishing China needs world-class leading technologies and products to achieve rapid and persistent development. As a leading provider of advanced automation solutions, OSI will make more great contributions to China’s industrialisation and modernisation,” said Guo Jian, managing director of OSI Automation Software Systems (Beijing) Co Ltd.
OSI provides open, state-of-the-art, and high-performance automation solutions to utilities worldwide. These solutions include Supervisory Control and Data Acquisition (SCADA) Systems, Network Management Systems (NMS), Energy Management Systems (EMS), Distribution Management Systems (DMS) and Generation Management Systems (GMS), as well as individual software and hardware products and e-business solutions for utility operations. OSI is headquartered in Minneapolis in Minnesota state.