BEIJING, June 16, 2015 (GLOBE NEWSWIRE) -- ChinaCache International Holdings Ltd. ("ChinaCache" or the "Company") (Nasdaq:CCIH), the leading total solutions provider of Internet content and application delivery services in China, today announced the establishment of a strategic cooperation agreement with Xi'an Jiaotong University ("XJTU') to promote the development of the Internet industry in the western region of China. The cooperation will focus on cloud computing, Internet infrastructure related applications, mobile Internet development and the establishment of IXPs (Internet Exchange Points) for five provinces in northwestern China.
Pursuant to the cooperation agreement, ChinaCache and XJTU will jointly build the "XJTU-ChinaCache Information Technology Research and Development Center" to leverage both parties' capabilities in scientific research to solve key technical challenges and advancements in the area of intelligent information networks. In addition, XJTU will recommend its highly-skilled graduates for employment at ChinaCache and its affiliated companies.
"As a leading professional cloud CDN total solutions provider in China, R&D and innovation have always been at the core of our success," said Mr. Wang Song, chairman and CEO of ChinaCache. "We believe our strategic cooperation with XJTU will further enhance our technological capabilities, while at the same time attracting top notch talent. In addition, we look forward to promoting the development of the Internet industry and expanding the CDN market in the western region of China with the most advanced concept of IXP. This joint research and development effort will enable us to build IXPs for smaller carriers and CPs (content providers) across five provinces in northwestern China. The IXPs will significantly reduce operating costs and improve efficiency for small businesses across the region. In the U.S., almost all the mega CPs prefer to exchange content through IXPs, to save costs for carriers. We believe this will be the evolving industry trend in the China CDN market as well," Mr. Wang concluded.
ChinaCache has a history of collaborating with leading universities in China to advance Internet infrastructure technologies. The Company previously established a joint laboratory with Beijing University of Posts and Telecommunications, a content delivery network research laboratory with the Institute of Information Technology of Tsinghua University, and a joint research laboratory with Huazhong University of Science and Technology.
About Xi'an Jiaotong University (XJTU)
Xi'an Jiaotong University is a comprehensive research-oriented university with its focus on science and engineering, located in Xi'an, Shaanxi, China. The university is a sister institution to Shanghai Jiao Tong University. In the late 1990's, it was among the first group of universities selected for the participation in both "Project 211" and "Project 985." It was designated by national government as one of the elite groups of the country's universities that should be developed into world-class universities. In April 2000, the university merged with Xi'an Medical University and Shaanxi Institute of Finance and Economics.
About ChinaCache International Holdings Ltd.
ChinaCache International Holdings Ltd. (Nasdaq:CCIH) is the leading total solutions provider of Internet content and application delivery services in China. As a carrier-neutral service provider, ChinaCache's network in China is interconnected with networks operated by all telecom carriers, major non-carriers and local Internet service providers. With more than a decade of experience in developing solutions tailored to China's complex Internet infrastructure, ChinaCache is a partner of choice for businesses, government agencies and other enterprises to enhance the reliability and scalability of online services and applications and improve end-user experience. For more information on ChinaCache, please visit ir.chinacache.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. ChinaCache may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statements, including but not limited to the following: the Company's goals and strategies, expansion plans, the expected growth of the content and application delivery services market, the Company's expectations regarding keeping and strengthening its relationships with its customers, and the general economic and business conditions in the regions where the Company provides its solutions and services. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and ChinaCache undertakes no duty to update such information, except as required under applicable law.
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