FITOK Recognized as High and New Technology Enterprise
In March 2016, the Ministry of Finance, the State Taxation Administration, and the Ministry of Science and Technology jointly issued the new Administrative Measures for Recognition of High and New Technology Enterprise and Areas of Advanced Technologies Strongly Supported by the State. Under the rules of the documents, Under the rules of the documents, FITOK (Wuhan) Incorporate and FITOK (Shenzhen) Incorporated were recognized as High and New Technology Enterprise in December, 2021 by the provincial Departments of Finance, Tax, Science and Technology where the company operates. The certificates shall be valid for 3 years.
High and New Technology Enterprise generally refers to the resident enterprises that are knowledge-intensive and technology-intensive economic entities, which continuously carry out R&D and transformation of technical achievements, form the core intellectual property rights within the scope of Areas of Advanced Technologies Strongly Supported by the State, and carry out business activities based on them. High and New Technology Enterprise recognition is an endorsement of FITOK's core intellectual property rights, the level of scientific and technical R&D, the ability to transform scientific and technical achievements, growth indicators and talent structure after a comprehensive assessment.
Founded in 1998, FITOK Group has been an industry-leading developer and manufacturer of superior quality instrumentation valves and fittings, having our R&D centers, manufacturing facilities, warehousing and service locations in Offenbach Germany, Texas USA, Wuhan, Shenzhen and Suzhou China, Osan South Korea, and Dubai UAE. At present, FITOK has obtained more than 60 new patents and invention patents authorized by the state.
In the future, FITOK will continue to increase investment in R&D, strengthen technology innovation, accelerate the transformation of achievements and talent cultivation, and continue to bring more valuable technology and products to the industry.