WUHAN, China, Oct. 29, 2020 /PRNewswire/ -- Yangtze Optical
Fibre and Cable ("the Company" and "YOFC", 601869.SH, 06869.HK), a
global leader in the optical fibre and cable industry, shed light on trends of global fibre and
cable markets at the CRU World Optical Fibre & Cable 2020
Virtual Conference which was attended by global industry
leaders.
In the keynote address, Dr. Zhuang Dan, Executive Director and
President of YOFC, called for global companies to embrace the
challenges and opportunities of the industry in the post-pandemic
era to speed up the development of all-optical networks. Later at
the leadership panel, in which senior executives of the big three
of global optical fibre and cable industry gathered together, Dr.
Zhuang shared his insights into how the optical communications
industry should respond to the pandemic and discussed how the
market would move forward in the next 5 years with leaders from
Corning Inc. and Prysmian Group.
"Even though the COVID-19 outbreak has brought a significant
impact on our daily lives and the global economy, the demand for
optical fibres and cables remains stable. However, the industry is
still facing an imminent shakeup as the imbalance between the
demand and supply has brought down the prices of optical products.
In the fight against this pandemic, we have seen a rise in the
adaptation of telecommunications that are playing a critical role
in stemming the spread of the virus and connecting people and
businesses. This has given rise to the drastic surge in internet
use for remote working, education and healthcare, placing big
demands on new all-optical networks, data centers, as well as the
new infrastructures powered by 5G technology and next-gen
information networks," said Zhuang Dan.
"In the face of the challenges and opportunities, YOFC has
stepped up efforts in pioneering the development of new
technologies and products for all-optical networks by focusing on
F5G and 5G. To build an Internet of Things services powered by
integration of fixed and mobile 5G networks, we continue to provide
new solutions for industry partners to facilitate their business
innovation and project cooperation, as well as strive to help the
industry in accelerating the transition to the all-optical networks
in the post-pandemic era," he added.
With the goal of establishing all-optical networks to digitally
transform industrial production, business and people's daily life,
YOFC is focusing on building flexible, intelligent, green,
all-optical data centers that are applicable for all production and
business scenarios. The company also provides full life cycle
solutions to meet the demands of various industries for cloud
computing in the 5G era.
YOFC is dedicated to empowering the digital transformation of
urban rail transit by helping build smart underground
transportation systems powered by gigabit internet. Meanwhile, to
usher in a new era for electronic communication infrastructures,
YOFC has constructed a neural system for the digital grid that has
been applied to the UHV transmission projects in China and built a 5G+ all-optical industrial
internet to promote intelligent transformation for enterprises. In
addition, YOFC has shifted from a manufacturer to a comprehensive
solution provider that has built 5G fronthaul networks in
cooperation with operators. Riding on the momentum, YOFC strives to
drive forward the all-optical industry in the post-pandemic
world.
The annual CRU World Optical Fibre and Cable Conference is
established as the premier event for senior executives from the
global optical fibre and communication cable supply chain. CRU
Group, the organizer of the event, is a world-leading business
intelligence company that offers market analysis for the optical
industry. Its reports are highly regarded within the global
telecommunication industry and provide important data and analysis
for the upstream and downstream suppliers across the supply
chains.
In partnership with CRU, YOFC first brought this global
conference to Asia by holding the
Asia-Pacific Optical Fibre and Cable Conference in China in 2015. In 2016 and 2017, the World
Optical Fibre and Cable Conference was officially introduced to
China and Asia through a joint effort of YOFC and CRU
and was later transformed into one of the most influential
communication platforms in the global optical industry.
In the following two years, YOFC continued playing an important
role in upgrading World Optical Fibre and Cable Conference in
cooperation with Corning Inc. and Prysmian Group. 2021 will mark
the fourth cooperation between YOFC and CRU, demonstrating CRU's
high recognition of YOFC's leadership in the global optical fibre
and cable industry.
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