SHENZHEN CITY, China, April 11 /PRNewswire-FirstCall/ -- China Public
Security Technology, Inc., (OTC Bulletin Board: CPBY.OB) ("China Public
Security" or "the Company"), a public security software, real-time Geographic
Information System (GIS), and e-Government solution provider in China, today
announced that iASPEC, its exclusive contracting partner, has been awarded a
contract by Sha Tau Kok Border Control Station in Shenzhen, P.R.C., for its
Automated Border Control System, with 100% of the value of the contract
subcontracted to Bo Hai Wen, a China Public Security subsidiary.
The Automated Border Control System stores biometric information such as
fingerprints and facial features from passengers in a database, and integrates
it with infrared and license plate recognition technologies to enable the
automation of border control checkpoints for faster and more accurate
processing of passengers. Shenzhen has one of the most important borders in
China, and in order to manage the rapidly growing volume of passenger and
cross boarder vehicle traffic, the Immigration Border Control Station of
Shenzhen City has decided to implement China Public Security's Automated
Border Control solution.
"We are very pleased to announce this important contract award for our
Automated Border Control System, which is a testament to the growing
recognition and market acceptance for China Public Security's boarder control
solutions," said Mr. Jiang Huai Lin, the Company's CEO. "We are confident that
the successful implementation of our border control solution will allow us to
obtain contracts for the remaining border control checkpoints in Shenzhen, and
build the foundation to expand our presence to all the remaining borders in
China."
The Sha Tau Kok project is the third border control project implemented by
China Public Security, following the completion of Shenzhen Bay project and
the Futian New border project. Currently, the Company's Automated Boarder
Control Systems installed in Shenzhen borders are a reference for all Chinese
border control locations.
In the first phase of this project, ten automated checkpoint corridors
will be built in the Sha Tau Kok border, with an additional ten expected to be
implemented in Shenzhen City in the future. In addition, there are
approximately 100 border control locations in China that are expected to
automate their checkpoint control processes to increase efficiency and
accuracy. As a pioneer in border control automation, China Public Security's
proven Automated Border Control System puts the Company in excellent position
to win additional border control automation contracts thoughout China.
About China Public Security Technology, Inc.
Through its indirect wholly-owned Chinese subsidiary, China Public
Security Technology, Inc. is a public security software solution and real-time
Geographic Information System (GIS) solution provider in China. The Company
provides a broad portfolio of fully integrated products and services,
including system design and database management for Police-Use GIS, Civil-Use
GIS, e-Government solutions as well as other related products and services.
The Company currently has an exclusive license of 16 patents in China, through
its exclusive business turnkey agreement with Shenzhen iASPEC Software
Engineering Company Limited (iASPEC). Under this agreement the Company acts as
iASPEC's exclusive subcontractor to key customers, including Shenzhen City
Public Security Bureau, China Unicom Shenzhen Division, Shenzhen Urban
Planning Bureau and the Shenzhen Fire Department. To learn more about the
Company, please visit the corporate website at http://www.chinapsh.com .
Safe Harbor Statement
This press release contains certain statements that may include "forward
looking statements". All "forward looking statements", other than statements
of historical fact included herein are "forward-looking statements" including
statements regarding the benefits of the contract with the Immigration Border
Control Station of Shenzhen City, the 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. You 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.
