A high-tech company from Guiyang Free Trade Zone wins awards in the first session of the National Veterans Entrepreneurship and Innovation Competition. [Photo/ftz.guiyang.gov.cn]
Guiyang LitianTrard Technology Co from Southwest China's Guizhou province has won awards for excellence at the first session of the National Veterans Entrepreneurship and Innovation Competition, which was held in Guangzhou, Guangdong province, on Nov 11.
Hosted by the Ministry of Veterans Affairs, the competition was established to encourage entrepreneurship and innovation by veterans and to support project transformation. Since the competition was launched in April, 100 entrepreneurial teams from all over the country have entered the finals.
Founded in August in Guiyang Free Trade Zone, Guiyang LitianTrard Technology Co is committed to the R&D, innovation and industrialization of high-tech products such as water medium hydraulic retarder and automobile fuel-saving devices. It has mastered core technologies in the production of retarders and filed seven patent applications.
The company successfully developed the world-leading water medium hydraulic retarder. The product is used for the auxiliary braking of heavy trucks and large passenger cars, perfectly overcoming the problem of large vehicles' insufficient braking capacity.