XMReality and Guohui Anchuang sign Partnership Agreement

XMReality AB has signed a partnership agreement with Guohui Anchuang, a digital solution supplier for industrial platforms and RealWear. The scope covers bundling of XMReality software with their digital platforms as well as RealWear smart glasses. The bundled products will be offered to larger industries in the Shandong province, which is the second largest province in China with 100 million inhabitants, in order to increase efficiency, reduce production line downtime and improve maintenance operations.

The signing of the agreement does not guarantee any order intake or revenues.

“This agreement is a great opportunity for us to enter the large Chinese market. Also, Guohui Anchuang is an exclusive re-seller for the Shandong province of smart glasses from US based RealWear and is on top of this partly owned by ARM headquartered in the UK. Both being strong indicators that Guohui Anchuang is a company with the capability and experience to collaborate with western based partners. From our past experience we do know that the combination of RealWear’s smart glasses and XMReality Remote Guidance is a very strong offer and most likely the fastest, simplest and cheapest way to implement AR technology in the industrial process.” says Jörgen Remmelg, CEO at XMReality.

About Guohui Anchuang
Guohui Anchuang is a state-owned holding company, established in April 2018, with 80.1% of government shares and 19.9% of ARM, a British semiconductor and software design company (www.arm.com). Shandong Guohui'an Chuang Intelligent IoT Development Co., Ltd. is a high-tech enterprise based in Jinan High-tech Zone under the guidance of the Shandong Provincial Government. The company was jointly established by Shandong Guohui Investment Co., Ltd., an enterprise directly under the Provincial State-owned Assets Supervision and Administration Commission, and the global technology giant arm, with a registered capital of 100 million yuan. Read more at www.sdgharm.com