Uscom China Listed as National High Technology Enterprise by China
Uscom China was listed second as a National High Technology Enterprise by the Chinese Office of the Leading Group of National High Technology Enterprise Identification and Management in Beijing. The list was released by the Torch High Technology Industry Development Center (Torch High), a department of the Ministry of Science and Technology (MOST) of China. Torch High has a mission to advance innovation and advancement of High Technology industries in China.
High Technology Enterprises are entities identified for significant achievements in research and development (R&D), innovations, Intellectual property (IP) generation, and transformational outcomes in high technology fields. Listed enterprises are further encouraged to increase the development of new IP and technologies, and new commercial activities in China.
These National High Technology Entities are of recognised national value and are offered preferential support by a number of State Departments including MOST, the Department of Finance and the State Administration of Taxation, to promote their growth. Such benefits include:
1. Tax exemption from 25% to 15%
2. Priority for Governmental tenders
3. Direct regional grants of 50k to over 1million RMB
4. Preferential terms for future offices and plants (cost exempt in some regions)
5. Facilitation of future funding raising and bank loans
6. Improvement of company recognition and talent attraction
7. Accelerated depreciation of fixed assets
8. Listing in China Growth Enterprise Markets.
Uscom has operated in China for over 15 years, and in 2018 opened its wholly-owned Uscom China subsidiary in Beijing, appointing Ms Teresa Guo as General Manager. This year Uscom China has registered 12 Software Copyrights, 13 Trademarks, and 4 trademark Copyrights with the National Copyright Administration of the People’s Republic of China, protecting Uscom’s core technologies and algorithms in the Chinese market.
Uscom China is responsible for approximately two-thirds of Uscom’s global sales, predominantly from its flagship USCOM 1A device. Uscom China is growing rapidly based on an expanded distribution network, continuous clinical training and direct customer service. Over the next 12 months five new products, BP+, and SpiroSonic Flo/Smart/Mobile/Air, are expected to receive Chinese regulatory approval (NMPA) and enter the market, with another two products, the USCOM Basic and O2, expected to follow within 24 months.
Executive Chairman of Uscom, Professor Rob Phillips said “Uscom has been committed to China for the last 15 years, and this recognition of our technologic, academic, clinical and commercial impact is satisfying. This state recognition opens many doors for us and underwrites our future in China, and we look forward to continuing our record growth with the Chinese economy as it leads the world in recovery and expansion.”
Uscom manufactures and markets the USCOM 1A, the Uscom BP+, and the Uscom SpiroSonic digital ultrasonic spirometry technologies and the VENTITEST and VENTITEST-S ultrasonic ventilator calibration devices for optimising respiratory device performance.