SHENZHEN, China, Jan. 21 /PRNewswire-Asia/ -- China Information Security Technology, Inc., (Nasdaq: CPBY) ("China Information Security," "CIST" or the "Company"), a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to public security and civil-use markets in China, today announced three contract wins. The Company won contracts for the Command System and Remote Data Backup System for the Shenzhen General Station of Exit and Entry Frontier Inspection, the First Responder Coordination Platform for the Shenzhen Transportation Bureau, and the Shenzhen Traffic Police GIS System, at a combined contract value of $5.7 million.
Command System and Remote Data Backup System for the Shenzhen General Station of Exit and Entry Frontier Inspection
CIST has been awarded a contract to construct the Command System and Remote Data Backup System (the "Command System") for the Shenzhen General Station of Exit and Entry Frontier Inspection, with a contract value of $3.2 million.
The Company expects that the Command System will centralize reporting, commanding and processing of exit and entry of people and vehicles so as to realize more efficient control and management. The System aims to protect important business information and to recover the whole system in case of any data damage due to unforeseen disasters. It’s a follow-on order to the Intelligent Border Control System that CIST previously constructed for the Shenzhen General Station.
First Responder Coordination Platform for the Shenzhen Transportation Bureau
CIST’s First Responder Coordination Platform integrates emergency response systems used by the Police, Fire and Traffic Police, into one consolidated platform. CIST’s centralized reporting, command and execution system enables a rapid response to any type of emergency.
The contract for the First Responder Coordination Platform for the Shenzhen Transportation Bureau, valued at $0.8 million, will facilitate the electronic declaration of hazardous goods at the Shenzhen Port, automate statistical data of declaration information, as well as communicate with other administrative departments. The system will also enable the department to monitor the on-site processing of hazardous goods via remote visual instrumentation.
Shenzhen Traffic Police GIS System
The Company’s fundamental PGIS platform includes editing, managing and maintenance of a comprehensive PGIS database, mapping and analysis of police information, and processing of police public data and thematic data. The Company provides PGIS customers with specialized GIS services, including specialized mapping, geographic positioning, messaging, automated police patrol monitoring, patrol history tracking and work hour management.
The contract for the Shenzhen Traffic Police GIS System, valued at $1.7 million, is expected to provide the Shenzhen Traffic Police Bureau with high-speed, high-quality visual and digital police-use GIS instruments for traffic guidance, management and decision making.
"We believe these contract wins further demonstrate the continued execution of our growth strategy and the strength of our business model," commented Mr. Jiang Huai Lin, CEO of China Information Security. "The Command System and Remote Data Backup System for the Shenzhen General Station of Exit and Entry Frontier Inspection and the Shenzhen Traffic Police GIS System represent follow-on orders from existing customers via product line extensions, while the First Responder Coordination Platform for Shenzhen Transportation Bureau represents a new customer for us."
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc. ("CIST" or the "Company") headquartered in Shenzhen, China ("PRC"), is a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to the public security and civil-use markets in China, aiming to use information technology to improve public safety and information management. Its main business lines range from digital information security, to Geographic Information Systems (GIS), and digital hospital information systems. The Company provides a broad portfolio of fully integrated solutions and services, including its First Responder Coordination Platform, Intelligent Border Control System, Residence Card Information Management System, Police- and Civil-use GIS products, and Digital Hospital Information System to serve the growing demand for digital hospital and electronic medical record systems in China. Its commitment to leading-edge technology and quality assurance has won the Company numerous government and enterprise contracts throughout China. To learn more about the Company, please visit the 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 these three new contract wins in January of 2009; 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.
