In March,INVT won the final cooperation with Rosneft among many domestic and foreignbrands. Rosneft is the leader of Russia’s petroleum industry and the world’s largestpublicly traded petroleum company. In March, INVT successfully signed 11 lowtemperature drilling system core drive inverter contractions with Rosneftbecause of its excellent product performance, reliable product quality and goodmarket reputation.
Thesigning of this project marks that INVT, the national leader brand inindustrial control industry in China, successfully broke the long-term monopolyof imported brands in the field of oil rigs. This is the first time that theoil rigs have used domestic inverters in large quantities. We are so glory thatINVT brings technology to Russia and makes both China and Russia stronger inindustrial control industry.