July 20, 2020, Shanghai, China-Today, Honeywell (NYSE: HON), a diversified, high-tech, advanced interconnected industrial company, one of the Fortune Global 500, and Shang Gong Group Co., Ltd. (hereinafter referred to as "ShangGong", stock code: 600843SH, 900924B) held a strategic cooperation signing ceremony in Shanghai Municipal Government Conference Hall. Honeywell will take advantage of the Internet of Things and automation solutions to cooperate with ShangGong and promote the digital transformation and upgrading of enterprises with intelligent manufacturing. This is also a new round of cooperation exploration on intelligent manufacturing initiated by both sides after Honeywell announced its cooperation with Shanghai Shensy In the field of intelligent logistics last year.

The strategic cooperation between ShangGong and Honeywell fully integrates the new changes, new trends and new challenges of the current economic development, nurturing new opportunities in the crisis and opening a new game in the changing situation. With the in-depth integration of "Internet + manufacturing", the blueprint for the industry 4.0 era has been slowly unfolded in China. It is imperative to accelerate the development of factories in the direction of intelligent manufacturing and to promote the upgrading of digital intelligence. ShangGong is the first listed company in China's sewing machinery industry. Its industrial sewing technology is in a leading position in the industry. With the help of Honeywell's leading development experience in the field of industrial Internet technology and automation solutions, ShangGong will be deeply rooted in science and technology enabling products to better provide industry customers with automated, intelligent, digital, systematic solutions. The cooperation is made possible by the development of The Times and the digital transformation of the industry.

”Mr. Zhang Min, Chairman of Shang Gong Group Co., Ltd., said: “Honeywell has been deeply involved in the industrial Internet of Things and other fields for a long time. At the same time, it also has a wealth of experience in the digital transformation of industrial manufacturing enterprises. Road brings strong software and hardware support. ShangGong is a professional equipment supplier that occupies the commanding heights of global sewing technology and tailors industrial 4.0 application solutions for customers. We have strong automation equipment and production line manufacturing integration capabilities, and automated flexible material processing technology. In the future, we will also organize regular exchanges between the business teams of both parties for related cooperation projects, actively explore the depth and breadth of cooperation, and create a win-win model of long-term cooperation and sustainable development. "

"We have highly consistent recognition and pursuit for intelligent manufacturing and digital intelligent transformation of enterprises, and we all expect to help the construction of new infrastructure, which provides a solid foundation for this friendly cooperation." "In the future, we will make full use of our respective strengths, complement each other's resources and work together to help downstream enterprises realize digital transformation and upgrading," said Mr. Chai Xiaozhou, President of Honeywell Security and Productivity Solutions Group, Greater China.

"In the context of new infrastructure development and digital transformation of the industry, honeywell's strategic partnership with ShangGong is of great significance," said Zhang Yufeng, President of Honeywell China.

In view of ShangGong's advantages in sewing industry, he two parties will work to build the Internet platform of sewing industry industry, from large data to artificial intelligence and data connectivity, automatic production line balance, equipment maintenance, large industrial data visualization, data analysis and so on.In the future, the two parties will also carry out relevant cooperation in intelligent manufacturing system solutions, network freight platform, operation safety protection products, medical protection products and other aspects. The perfect combination of software and hardware will jointly open a new era of intelligent manufacturing.

After the signing ceremony, Shang Gong Group visited Honeywell's Asia-pacific headquarter in Shanghai and China R&D Center to learn and exchange experience.