Jinan Yinquan Technology has announced that its data center virtualization technology project has received 500,000 yuan from Shandong Economic and Information Technology Committee.

Following the award, the wholly owned subsidiary of China VoIP & Digital Telecom said it is well positioned to take full advantage of the tremendous economic growth currently being experienced in China.

The company is currently marketing its NP Soft Switch system in China and is testing stages of other IT products.

Li Kunwu, chairman and CEO of CVDT

The Chinese government established the fund to award outstanding energy-saving industrial technology projects in Shandong Province in 2009.

Li Kunwu, chairman and CEO of CVDT, said the virtualization technology solution provided by Yinquan is in full compliance with the conservation-oriented society and Green IT concepts advocated by the country.

"Yinquan maintains a leading position in virtualization technology, and the government’s endorsement will accelerate our expansion in the virtualization market in 2009," he said.

"Also, with the government’s support, industrializing virtualization in China will be expedited. I believe Yinquan should have bright growth prospects in virtualization."

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