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SHANGHAI, November 16, 2006 - Shui On Land Limited
(HKSE: 0272), a leading property developer in the Chinese
Mainland, and Cisco Systems International BV today announced
they intend to work together to build world-class digital
communities in China by applying the Cisco Connected
Real Estate (CCRE) solutions. Under the Memorandum of
Understanding (MOU), which sets forth a comprehensive
set of desired collaborative goals, Shui On Land and
Cisco intend to first collaborate at the Knowledge and
Innovation Community (KIC) project, one of Shui On Land's
developments in Shanghai.
This project, with its objective to foster innovation
through technological and educational development, will
help fulfil the Shanghai municipal government's mission
to rejuvenate the Yangpu district, where KIC is located.
The collaboration will be extended to Shui On Land's
other quality property projects in China, subject to
the needs of each project and the results of individual
feasibility studies.
"This strategic cooperation is another important
step toward building a digital community at KIC. Shui
On Land seeks to work jointly with the best international
partners, like Cisco, to strengthen its technological
edge in enhancing communities in the PRC," said
Vincent H.S. Lo, Chairman and CEO of Shui On Land.
Shui On Land and Cisco plan to work together to establish
a Digital Experience Show Suite at the KIC site to showcase
the CCRE solutions that have been introduced for the
first time in the PRC real estate industry. Visitors
to the Show Suite will be able to experience advanced
interactive communications over a network featuring
industry-leading security. Highlights of the featured
technology include Cisco Unified Advantage, wireless
LAN, IP Telephone, and IP surveillance solutions.
"We are very pleased to have the opportunity to
forge a strategic relationship with real estate leader
Shui On Land for the development of KIC in Shanghai,
China," said Owen Chan, President, Cisco Asia Pacific.
"We are confident that our state-of-the-art CCRE
solutions will help Shui On Land make the vision of
digital communities in China a reality."
About Shui On Land
Headquartered in Shanghai, Shui On Land (HKSE: 0272)
is the flagship property company of the Shui On Group
in the Chinese Mainland. Shui On Land has a proven track
record in developing large-scale, mixed-used city-core
development projects and integrated residential development
projects. With access to over 8.1 million square metres
of gross floor areas, open areas and other public facilities,
the Company currently has six projects in various stages
of development in the city centres of Shanghai, Chongqing,
Wuhan and Hangzhou. The Company was listed on The Stock
Exchange of Hong Kong on 4 October 2006.
About Cisco Systems
Cisco (NASDAQ: CSCO) is the worldwide leader in networking
that transforms how people connect, communicate and
collaborate. Information about Cisco can be found at
http://www.cisco.com. For ongoing news, please go to
http://newsroom.cisco.com. Cisco Systems International,
B.V., manufactures and sells Cisco products in various
locations.
About Cisco Connected Real Estate Solutions
Cisco Connected Real Estate (CCRE) is an innovative
solution framework for the construction, real estate
and property services sector. CCRE creates value and
opportunity for building developers, owners and occupiers.
An intelligent, connected building uses the power of
the network to reduce capital and operating expenditures
for key stakeholders over the lifecycle of the building
and creates more productive and flexible workplaces
through scalable collaboration, mobility and remote
connectivity tools. It also enhances health, safety
and security for a building's occupants.
Cisco,
Cisco Systems, and the Cisco Systems logo are registered
trademarks or trademarks of Cisco Systems, Inc. and/or
its affiliates in the United States and certain other
countries. All other trademarks mentioned in this document
are the property of their respective owners. The use
of the word partner does not imply a partnership relationship
between Cisco and any other company. This document is
Cisco Public Information.
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