RAE Systems Inc. said Thursday that it has signed a joint venture with Liaoning Coal Industry Group Co., Ltd., for manufacturing and sales of safety equipment for the Chinese coal industry. RAE will own 70 percent and Liaoning will own 30 percent of the joint venture, RAE Coal Mine Safety Instruments (Fushun) Co., Ltd.
“China is expected to rely on coal for at least half of its energy resources over the next 50 years, and as part of its master plan the Chinese central government has set aside funds to improve coal mining safety,” said Robert Chen, president and CEO of RAE.
RAE Systems is a developer and manufacturer of rapidly deployable, multi-sensor chemical detection monitors and video networks for homeland security and industrial applications.