China Information Security Technology Selected by the State Grid Corporation of China as Sole Domestic GIS Provider for Smart Grid

SHENZHEN, China, April 6 /PRNewswire-Asia-FirstCall/ -- China Information Security Technology, Inc. (Nasdaq: CPBY) ("China Information Security," "CIST" or the "Company"), a leading total solutions provider of digital security, GIS and digital hospital information systems in China, today announced that the State Grid Corporation of China ("SGCC") selected the Company's proprietary GeoStar and GeoGlobe geographic information systems as one of its only two suppliers for the build-out of the nationwide Smart Grid in China. CIST is the only domestic Chinese supplier. The other supplier is ESRI, a US company.

The State Grid Corporation of China develops and operates the electric grid providing electricity nationwide and is one of the most vital state-owned enterprises in China. Responding to the challenges and the development of the electric utilities industry in China, the State Grid launched a project called "SG186" to further strengthen its information systems to support the build-out of the nationwide Smart Grid. The major functions for CIST's geographic information systems will be to integrate Smart Grid management functions on the GIS platform as a portal and visualize the structure of the grid.

"We are very pleased to be the only Chinese domestic provider of geographic information systems to be chosen by the State Grid Corporation of China," commented Mr. Jiang Huai Lin, Chairman and Chief Executive Officer of China Information Security Technology. "This win not only demonstrates the Company's unmatched technological leading position in Chinese GIS sector, but it is also a testament to the quality of our proprietary GeoStar and GeoGlobe GIS applications, and will lead to a broader use of GIS in many provincial and municipal level grid companies throughout China. We believe that by leveraging our strong R&D capabilities and solid industry reputation together with the Chinese government's support for domestic GIS products, we will be able to capture important market opportunities related to GIS applications in China."

About China Information Security Technology, Inc.

China Information Security Technology, Inc., together with its subsidiaries, is a total solution provider of digital security, geographic information, and hospital information systems in the People's Republic of China. Headquartered in Shenzhen, China, the Company's total solutions include specialized software, hardware, systems integration, and related services organized into three business segments -- Digital Information Security Technology ("DIST"), Geographic Information Systems ("GIS"), and Digital Hospital Information System ("DHIS"). To learn more about the Company, please visit its corporate website at http://www.chinacpby.com .

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the significance of the Company's proprietary GIS products being selected by the State Grid Corporation of China; the expectation that the Chinese government's will continue to support of the domestic GIS product market; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are 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:

    China Information Security Technology, Inc.
     Iris Yan
     Tel:   +86-755-8370-4767
     Email: [email protected]
     Web:   http://www.chinacpby.com

    Christensen
     Kathy Li
     Tel:   +1-480-614-3036
     Email: [email protected]

     Roger Hu
     Tel:   +86-158-1049-5326
     Email: [email protected]

SOURCE China Information Security Technology, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED