China Information Technology's Sophisticated GIS Expands into new Territory with $3 million Shuohuang Railway Contract Win
SHENZHEN, China, Jan. 4, 2011 /PRNewswire-Asia-FirstCall/ -- China Information Technology, Inc. (Nasdaq: CNIT), a leading total solutions provider of geographic information systems (GIS), digital public security technology (DPST) and digital hospital information systems (DHIS) in China, today announced it has won a contract worth approximately $3 million with Shuohuang Railway Development Co., Ltd. (Shuohuang Railway) to contribute its sophisticated GIS systems to the Shuohuang Railway Geographic Information System (SR-GIS).
The Shuohuang railway system is one of the main transportation channels for China's National West-to-East Coal Transfer project, and carries over 350 tonnes of coal annually across the country. SR-GIS is a significant part of Shuohuang Railway's modernization effort, known as "Digital Shuohuang," launched to meet the vigorous demands of the safe and efficient operation, planning and management of the Shuohuang rail line and its facilities.
SR-GIS will be an advanced system of spatial information technology platforms, providing access to multi-source data, remote sensing, geographic information systems, enhanced communication and 3D virtual simulations.
"We are excited to be a part of this critical project for the Shuohuang rail line," said Jiang Huai Lin, Chairman and CEO of CNIT. "The contract signals the successful penetration of our sophisticated GIS products into the railway industry, which is expected to provide us with additional growth momentum for our business. The win is a reflection of our company's innovation and expertise across many different industries. We expect many of our GIS products will continue to be the first choice for high-demand projects such as the SR-GIS, given our company's reputation for providing dependable, cutting-edge information technology solutions. We expect to continue expanding our market share in China's fast growing GIS industry by leveraging our product development and offering capabilities."
About China Information Technology, Inc.
China Information Technology, Inc., through its subsidiaries and other consolidated entities, specializes in geographic information systems (GIS), digital public security technology (DPST) and digital hospital information systems (DHIS), with the goal of being the largest GIS software provider in China. Headquartered in Shenzhen, China, the Company's integrated solutions include specialized software, hardware, systems integration, and related services to help our customers to improve the efficiency in information management. To learn more about the Company, please visit its corporate website at http://www.chinacnit.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the significance of specific contract wins; the general ability of the Company to achieve its commercial objectives; the Company's growth prospects; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects," or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For further information, please contact: |
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China Information Technology, Inc. |
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Iris Yan |
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Tel: +86-755-8370-4767 |
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Email: [email protected] |
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http://www.chinacnit.com |
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Christensen |
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Kathy Li |
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Tel: +1-480-614-3036 |
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Email: [email protected] |
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Teal Willingham |
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Tel: +852-9827-3632 |
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Email: [email protected] |
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SOURCE China Information Technology, Inc.
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