The newly-signed contracts are only for the PGIS basic framework constructions which are expected to serve as a platform for the Company to continue providing more comprehensive applications and system upgrades in the future.
China's National PGIS Standardization Project aims to standardize the PGIS applications across many police, firefighting and traffic police divisions in China. In early 2009, China's Ministry of Public Security selected the Company's proprietary PGIS software as a key contributor for standardizing the PGIS technologies across 660 Chinese cities over the next few years.
"We are pleased that our PGIS platform has been selected for implementation in another 6 regions in China," said Jiang Huai Lin, Chairman and CEO of the Company. "The new contracts are another key addition to our successful track record in public projects, and represent our core business's strong market penetration capability nationally. Over the years, we have built a solid reputation around our cutting-edge, dependable technologies that meet the high standards required for such mission-critical projects. Through the roll-out of our PGIS software in these regions, we continue our longer-term strategy to expand across China, while laying the foundation to create new commercial opportunities for our growing portfolio of technology solutions."
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 its 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 the Company's PGIS contract wins and its market expansion in China; the ability of the Company to successfully perform its obligations under the PGIS contracts and penetrate such new markets in the long-term; its business strategy, plans and objectives; 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.
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Iris Yan, China Information Technology, Inc. at +86-755-8370-4767 or Email Contact Kathy Li, Christensen at +1-480-614-3036 or Email Contact Teal Willingham, Christensen at +852-9827-3632 or Email Contact