SFT Software Circle Plc

 

TIDMSFT 
 
RNS Number : 9863N 
Sinosoft Technology plc 
22 June 2010 
 

 
 
 
 
                            SINOSOFT TECHNOLOGY PLC 
                          ("SINOSOFT" OR "THE COMPANY") 
 
PARTNERSHIP AGREEMENT 
 
 
Sinosoft, the China-based developer and provider of software and IT solutions to 
Chinese regional and national government agencies and exporting enterprises, 
announces the signing of a master strategic partnership agreement with 
NorthgateArinso UK Limited ("NorthgateArinso"), a global human resources 
software and services provider. 
 
The agreement will involve Sinosoft collaborating with NorthgateArinsoand Green 
Oak Solutions Ltd. ("Green Oak"), a partner of NorthgateArinso, to develop 
carbon management and monitoring products that will be marketed to government 
and private customers in China. 
 
NorthgateArinso's proprietary software tool, PROIV, will provide a base to 
build, refine and develop customer service applications. Sinosoft will install 
hardware and provide the development work to maximise the potential of the PROIV 
software and Green Oak's Carboncheck software to produce a complete carbon 
management solution.In addition, Sinosoft will work with certification companies 
to verify the data produced from our carbon management solution and thereby 
potentially enable customers to trade their carbon credits on global exchanges. 
 
Following this partnership agreement, Sinosoft is expected to start bidding for 
projects at the municipal government level. The collaboration with 
NorthgateArinsoand Green Oak places the Company in a stronger position to bring 
in expertise and win contracts. 
 
The carbon emission monitoring market is an area of great potential following 
support from China's Premier, Wen Jiabao during the 2009 EU-China Summit to 
address climate change issues. This was reflected in the formation of the 
National Energy Commission ("NEC") on 27 January 2010 which provides clear 
guidelines and dates for low carbon and environmental improvement projects. It 
is possible that following formation of the NEC, formal legislation will soon be 
passed to impose carbon reduction targets in the private sector. Consequently, 
carbon emission monitoring mechanism will become essential for regulators and 
local governments. 
 
Ms Xin, Chief Executive of Sinosoft, commented: "This is an area of significant 
potential given the keen interest and support shown by the Chinese government to 
reduce the country's carbon emissions. Being a first mover into this area bodes 
well for the collaboration and has provided us with the opportunity to start 
talking to various local governments who are looking to reduce their level of 
carbon emissions. 
 
"NorthgateArinso was initially introduced to Sinosoft by The China-Britain 
Business Council and The China Jiangsu Economic and Trade Affairs Office in July 
2009 and we have been working on developing this collaboration for almost 12 
months. 
 
"We are very excited by the possibility of partnering with Northgate and Green 
Oak and we are hopeful that this collaboration will draw upon NorthgateArinso 
and Green Oak's expertise in the emissions monitoring area and Sinosoft's 
technical expertise and sales channels within the PRC." 
 
 
 
                                     -ends- 
 
 
For further information, please visit www.sinosoft-technology.com or contact: 
 
Sinosoft Technology plc 
Yu Yifa, Finance Director 
yuyifa@sinosoft-technology.com 
 
 
Westhouse Securities Limited                                         Tavistock 
Communications 
Tim Metcalfe/Richard Baty/Zhining Xu                              Simon Compton 
020 7601 6100                                                               020 
7920 3150 
 
 
 
About NorthgateArinso 
 
NorthgateArinso is a subsidiary of Northgate Information Solutions Limited 
("Northgate").  Headquartered in Hemel Hempstead, UK, Northgate is a market 
leader in providing specialist software, outsourcing and IT services to the 
human resources, local government, education and public safety markets. 
Northgate currently employs almost 12,000 employees and operates in 46 countries 
across 5 continents. Further information on NorthgateArinso can be found at 
www.northgatearinso.co.uk and information about the PROIV solution can be found 
at www.proiv.com 
 
About Green Oak 
Green Oak is a provider of environmental software solutions.  The company's has 
developed products that help industry and government improve environmental 
performance and comply with national and international legislation.. These 
solutions address environmental and sustainability aspects including carbon 
emissions management, waste collection and recycling and water usage and 
testing. The company was established in 2004 to provide effective business 
management solutions for companies impacted by environmental compliance 
legislation. The company is headquartered in Scotland with established customers 
throughout the UK, Ireland, Germany and North America. Further information on 
carboncheck can be found at www.carbonfootprintsoftware.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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