China Intelligence Signs $1.5 Million Contract with China Southern Power Grid
JINAN, China, Nov. 28, 2011 /PRNewswire-Asia-FirstCall/ -- China Intelligence Information Systems, Inc. ("China Intelligence", "The Company") (PINK: IICN), who offers virtualization technology application and cloud computing related consulting service, products, solutions and implementation service in the People's Republic of China, today announced that the Company has signed three contracts with a total value approximately at $1.5 million with three subsidiaries of China Southern Power Grid Company Limited ("China Southern Power").
China Southern Power, a 2011 Fortune Global 500 company, is the second largest electricity provider in China with six wholly-owned subsidiaries and over 300,000 employees. China Southern Power provides electricity to approximately 230 million people in China, which accounts for 17.8% of all the energy consumers in China. China Intelligence has designed a comprehensive and integrated datacenter virtualization, disaster tolerance and backup solution for the China Southern Power, which could satisfy their current and future demands. After installation China Southern Power will increase the utilization and flexibility of its hardware, lower operating and maintenance costs as compared to its existing IT infrastructure.
Mr. Kunwu Li, President and CEO of China Intelligence, stated, "China Southern Power is a well respected and established corporation in China. We have successfully worked with the China Southern Power previously and are pleased that we have continued our working relationship together. The revenue of $1.5 million is expected to increase to approximately $3 million in 2012. We look forward to continuing our successful relationship together and further enhance our existing reputation in providing virtualization and cloud computing related services and solutions and the position as the preferred provider in China Southern Power Grid system."
About China Intelligence Information Systems, Inc.
As the leader in China's virtualization and cloud computing market, China Intelligence has developed a suite of offerings, including server consolidation, desktop virtualization and disaster tolerance and backup systems, to high-end clients in China, assisting them in flexible usage of their IT resources. China Intelligence also helps its clients establish a cloud computing platform with lower IT costs and increased computing speed up to a thousand times current capability. Furthermore, we help clients establish their datacenter management and disaster tolerance backup center on the Cloud.
China Intelligence's team of highly qualified management and experienced technical experts provides its clients with a full-range of services including consulting, products and implementation relating to datacenter integration, disaster tolerance and backup, cloud computing as well as desktop virtualization.
China Intelligence also enjoys long-term and close working relationships with partners including VMware Inc., Vizioncore and CA Technologies. As a reflection of our knowledge and expertise, we have gained some of the industry's highest partner recognition. The depth and breadth of these recognitions reflects our commitment to maximizing customers' returns on IT investment while minimizing the risk of implementing new technologies. China Intelligence has been named Infrastructure Virtualization Competency Partner of the Year at the VMware Partner Exchange 2011.
Built with perfection, usability and enterprise level features in mind, today our solutions are used by many Fortune 500 companies including State Grid Corporation of China, China Unicome, China Southern Power Grid, China Life Insurance Group, China Huaneng Group and China Power Investment Corporation
Our government expertise consists of a highly-skilled team, specializing purely in the service and supply of government departments. The team is well-versed in the challenges faced by government organizations of any size. China Intelligence is able to help these clients on virtualization of datacenters, disaster tolerance and backup as well as cloud computing. Some of our governmental clients include, State Administration of Tax and its subordinates, General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China and its subordinates, Ministry of Industry and Information Technology of the People's Republic of China and its subordinates, National Bureau of Statistic of China and its subordinates, Ministry of Education of the People's Republic of China and its subordinates, and Ministry of Water Resources of the People's Republic of China and its subordinates.
Safe Harbor Statement
Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
Company Contact:
Michelle Wong
Phone:+86-531-5558-5742
Email: [email protected]
Investor Contact:
Alliance Advisors, LLC
Alan Sheinwald, President
Email: [email protected]
Tel: +1-914-669-0222
www.AllianceAdvisors.net
SOURCE China Intelligence Information Systems, Inc.
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