SHENZHEN, China, Jan. 20 /PRNewswire-Asia/ -- China Information Security Technology, Inc., (Nasdaq: CPBY) ("CIST" or the "Company"), a leading total solutions provider of digital security, geographic information, and hospital information systems in China, today announced that its proprietary GIS software, GeoGlobe 3.0 ("GeoGlobe") has been selected as a "Recommended Software of 2009" by the China Software Industry Association ("CSIA").
GeoGlobe 3.0 is a new generation of GIS platform software. Among many of its advantages, the most outstanding one is its ability to allow alternative operating platforms to interoperate. This break-through can enable cross-platform integration of user functions and realize broad commercialization of GIS applications. Another key break-through is that GeoGlobe 3.0 enables end users to access server-end data updates on a real-time basis.
The Recommended Software award aims to select excellent software products nationwide and cultivate well-known domestic software brands in China. Winning products will receive priority treatment in being procured by the government for large-scale purchases, information engineering projects and as candidates for software exports. The CSIA is a nationwide organization overseen by the PRC's Ministry of Industry and Information, with the goal of promoting the development of China's software industry and providing a hub for such products in overseas markets.
Mr. Jiang Huai Lin, Chairman and CEO of CIST, commented, "We are honored to receive the Recommended Software award from the China Software Industry Association. We believe this award is a recognition of the innovative and advanced features of our GeoGlobe software, which is a highly scalable and compatible software featuring multi-sourced, multi-structured spatial information sharing and inter-operation capabilities. It is also a validation of our persistent efforts to technologically innovate the domestic GIS industry. GeoGlobe has been proven successful in various fields such as electricity generation, emergency response, public transportation, and land resource and city planning. We expect that, in light of the Chinese government's current support of the domestic GIS product market, and its aim to construct a national public service GIS platform, we will be able to leverage this award to capture more market opportunities as they arise."
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, dedicated to the use of information technology to improve public safety and information management. Its main business lines range from digital information security, to 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 geographic information, 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 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 the statements regarding: the significance of the "Recommended Software" award granted to the Company, the expectation that the Chinese government will continue to support the domestic GIS product market, or construct the national public service GIS platform; 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 more information, please contact:
Company Contact:
Iris Yan
China Information Security Technology, Inc.
Tel: +86-755-8370-4767
Email: ir@chinacpby.com
Web: http://www.chinacpby.com
