Iskraemeco signed frame work agreement with Wasion group Limited for the cooperation to develop solutions for smart cities, IoT platforms, technology sector. Wasion group limited is a Chinese manufacture, listed in Hong Kong stock exchange, and having a great experience and business position with China State Grid based on a total End-to-End solutions.

The agreement has been witnessed by representative from Alibaba which is a strategic partner for Wasion group, so that Elsewedy Electric can utilize their rich portfolio in internet electronic payment (Ali-cash) and different IoT platforms.