Tai'an, East China's Shandong province has been promoting its conversion of new and old kinetic energy in recent years with a series of innovation-driven measures. 

Guotai Technology Co Ltd, with a registered capital of 114.92 million yuan ($16.66 million), is one of the high-tech enterprises in Tai'an that has benefited from the measures. It is included in the Shandong provincial new and old kinetic energy conversion project database, with its benefits including being given priority when applying for financial support and funds. 

As a company specializing in the research and development, manufacturing, sale, and design of fire-fighting products, Guotai has been pioneering with the continuous innovations of its products in recent years by cooperating with the Chinese Academy of Engineering, the University of Science and Technology of China, the Beijing Institute of Technology, and the Shanghai Fire Research Institute of Ministry of Public Security. 

It has developed dozens of pieces of patented fire-fighting equipment, including a series of automatic fire extinguishing devices, and the fire extinguishing robot, which won the gold medal at the 45th Geneva International Exhibition of Inventions held in 2017, and the first prize for scientific and technological innovation by the China Fire Protection Association in 2017. 

Additionally, Guotai can also provide the warning and monitoring systems and solutions for gas leaks, forest fires and other matters. 

Its fire-fighting equipment and fire warning and monitoring systems are widely applied in the fields of aerospace, petrochemical engineering, electrical power system, nuclear energy, logistics, transportation, and many other areas in more than 20 domestic provinces and cities, and 26 overseas countries and regions, including the United States, Italy, Russia, and Israel. 

Guotai is expected to further improve its fire-fighting products by taking advantage of the latest artificial intelligence and block chain technologies, and hopes to achieve an expected annual sales revenue of 1 billion yuan in the coming years.