ENFOS Signs MOU with SGAI to Provide Environmental Business Management Service
Beijing, China | June 11, 2012 – ENFOS, Inc. (“ENFOS”) today announced that a Memorandum of Understanding (“MOU”) has been signed with Beijing Shougang Automation Information Technology Co., Ltd. (“SGAI”), the automation and information technology company of Capital Steel Group, committing the two partners to the development of a multi-faceted long-term relationship conducting environmental business management activities in China. Mr. Craig Modesitt, CEO of ENFOS and Mr. Guan Shaobo, GM of SGAI Under the MOU, SGAI will serve as a reseller and exclusive cloud provider of the ENFOS Software as a Service remediation application (the “ENFOS Service”) in China. SGAI and ENFOS will work together to build an information-sharing platform for environmental remediation business management, including data management, business process management, performance management, and develop customized features to satisfy Chinese users’ requirements. SGAI and ENFOS will make unremitting efforts for the implementation of Capital Steel’s remediation and redevelopment Beijing project, to achieve high quality with low cost in a proper time limit. “In China, relocating industrial enterprises from central districts of large cities has become an irreversible trend for the economic development in China. Most of the abandoned sites left behind by the relocation of industrial enterprises are likely to be seriously polluted and have high potential risk. Therefore, remediation and redevelopment of these former industrial sites is an urgent priority in order to protect the urban environment. Capital Steel’s relocation has been exerting far-reaching influence on the regional layout and the development of the domestic steel producers to promote structural adjustment in the steel industry in China,” said Mr. Guan Shaobo, President of SGAI. He further expressed that “Now, it is the right time for ENFOS to enter the China market. ENFOS will help us manage information to best serve the interests of all stakeholders for Capital Steel’s remediation […]