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China Information Technology Announces New US$3.5 Million Contract with the Shenzhen Traffic Police Bureau

SHENZHEN, China, June 1, 2011 /PRNewswire-Asia-FirstCall/ -- China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of Information Technologies and Display Technologies based in China, today announced a newly signed contract worth US$3.5 million for work with the Shenzhen Traffic Police Bureau ("the Bureau"). The contract includes work to design and create three tailored technology systems, which include:


  • a special "On-Stop Driving License Processing System." The Company's technology is expected to provide efficient, comprehensive guidance and management for over 2 million vehicles in Shenzhen city, while helping to standardize the Bureau's information management and business processing. The system will be comprised of 3 comprehensive platforms, over 20 processing sub-systems, and made to integrate with over 20 system components related to vehicle drivers;
  • a "Consolidated Vehicle-Related Business Auditing and Monitoring System." This system aims to consolidate all vehicle management-related sub-systems into one comprehensive platform.  It will facilitate business applications, data analysis and processing, remote operations auditing and enable monitoring with large-screen displays; and
  • a "Vehicle Inspection and License Plate Management System." This system will provide faster, more efficient processing for vehicle inspection and license plate issuing.

"We are excited to be working further with the Shenzhen Traffic Police Bureau to help them manage the growing challenges of Shenzhen's traffic management, undoubtedly one of the most difficult traffic tasks in the country," said Mr. Jiang Huai Lin, Chairman and CEO of the Company.  "The Bureau has long been a significant customer of ours for many years, and we are proud to continue to provide them with our proven, best-in-class information systems services."

About China Information Technology, Inc.

China Information Technology, Inc., through its subsidiaries and other consolidated entities, specializes in information technologies and display technologies. Headquartered in Shenzhen, China, the Company's integrated solutions include specialized software, hardware, systems integration, and related services. 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 subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the significance of the contract win to the Company's business and the Company's ability to successfully fulfill its obligations under the contract; the general ability of the Company to achieve its commercial objectives, including the Company's plan to sustain the growth while creating shareholder value; 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 Technology, Inc.

 
 

Margie Ma

 
 

Tel:    +86-755-8370-4734

 
 

Email: IR@chinacnit.com

 
 

 
 

Iris Yan

 
 

Tel:     +86-755-8370-4767

 
 

 
 

Christensen

 
 

Kathy Li

 
 

Tel:    +1-480-614-3036

 
 

Email: kli@christensenir.com

 
 

 
 

Teal Willingham

 
 

Tel:    +86-10-5826-4939

 
 

Email: twillingham@christensenir.com

 
 
 


Source: China Information Technology, Inc.
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