Risecomm completed the acquisition of a business for the sale & distribution of electronic components (for integrated circuits) and a business of maintenance & safety integrity system and the industrial automation system for the petroleum and petrochemical industry.
Risecomm was listed on the Main Board of The Stock Exchange of Hong Kong Limited on June 9, 2017 with Hong Kong stock code: 01679.
Risecomm took part in State Grid’s pilot projects under the “Four-Meters-in-One” initiative, and its AMR products began to be used by Southern Grid.
Co-operated with Southern Grid strategically, Risecomm became a qualified PLC technology company to directly participate in Southern Grid tenders for concentrators and collectors and became one of the top three players in the industry.
Risecomm integrated multi-forces to form a group company; adopted OFDM modulation technology to develop the second-generation PLC ICs which were first used in State Grid’s AMR pilot project; received the “National Key New Product” award for PLC ICs RISE3501E.
Risecomm became a “National High and New Technology Enterprise” and a “Shenzhen High and New Technology Enterprise” and launched the first building energy management pilot project.
Risecomm was invited by State Grid to participate in the formulation and setting of PLC industry standards.
Risecomm streetlight remote control system had achieved high-volume applications in the market, and Smart Energy Management (SEM) products began to be rolled out on the market.
Risecomm’s AMR solution became one of the top three solutions for China State Grid project.
PLC ICs “RISE3501” passed the test of the National Power Scientific Institute and Risecomm had been qualified officially as national IC supplier for State Grid’s AMR projects.
PLC ICs “RISE3501” had been taped out to the market and deployed in streetlight control pilot projects.
Risecomm launched a pilot application of the State Grid’s Automatic Meter Reading (AMR) project in Heilongjiang Province and commenced the development of Smart Energy Management (SEM) systems for streetlight control application.
Risecomm Microelectronics (Shenzhen) Co. Limited was established. The first model of the first-generation PLC ICs “RISE3301” had been taped out successfully.