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Technology Stocks : Comtech Group, Inc. (COGO)

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From: JakeStraw	1/14/2010 8:07:02 AM
	of 55

Cogo Highlights Opportunities in China's Rapidly Growing Smart Meter Market finance.yahoo.com SHENZHEN, China, Jan. 14 /PRNewswire-FirstCall/ -- Cogo Group, Inc. (Nasdaq: COGO), a leading platform services provider for the technology and industrial sectors in China, today announced further details surrounding its strategy to capitalize on China's expected Smart Meter upgrade over the next five years. Cogo expects China's upgrade of standard electrical meters to advanced Smart Meters over the next several years to be a key catalyst for growth in the company's Industrial Business. Chinese utility companies plan to upgrade approximately 300 million standard meters (both commercial and residential), which will allow them to transmit data real-time back to an electrical "Smart Grid," greatly enhancing the efficiency of power transmission. The Smart Meter upgrade and the country's conversion to a national Smart Grid system are key components of China's stimulus package, announced in November of 2008 and valued at four trillion RMB (US$586 million).

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