Yuanwang Valley announced on the 15th that the company's "development and industrialization project of UHF RFID tag chip based on vehicle networking application" was included in the high-tech industry support plan by the Shenzhen Development and Reform Commission, and received a special subsidy of 8 million yuan. According to the announcement, the above-mentioned special subsidy has been paid, and the company recognizes it as deferred income, and combines the progress of the project with the current period and the average profit and loss. It is expected to have a positive impact on Yuanwang Valley's 2013 annual profit. Yuanwang Valley believes that car networking is an important branch of IoT applications, and the market space is huge. The Ministry of Transport clearly stated in the "Twelfth Five-Year Development Plan for Transportation" that "to promote the construction of traffic information, vigorously develop intelligent transportation, and improve the modernization level of transportation." Among them, the car network that has achieved certain development results will play a vital role in the overall deployment and development of intelligent transportation. It should be pointed out that this is one of the first time that the company has positioned the car network as a key expansion of the industry market. It said that it will start from mastering chip technology and build a complete chain of chip-tag-reader-solutions in the field of car networking. Large-scale application makes it a profit growth point. In November last year, Yuanwang Valley first exposed the news that it was developing the "secret weapon of the Internet of Vehicles". This car networking project received government support, and the company officially indicated its entry into the Internet of Vehicles for the first time. It is worth noting that the company has a technical team of more than 400 people, has the ability to design RFID chip products by itself, and has strong R&D and technical support. Psa Nitrogen Generator,Psa Nitrogen Making Machines,Cryogenic Liquid Nitrogen Plants,Psa Nitrogen Making Machine Jiangsu Minnuo Group Co.,Ltd , https://www.mingngroupcn.com