SHENZHEN, China, July 6 /Xinhua-PRNewswire-FirstCall/ -- China Public Security Technology, Inc. (OTC Bulletin Board: CPBY), ("China Public Security" or the "Company"), a leading provider of public security information technology and Geographic Information Systems ("GIS") software services and the first Chinese public security information technology company to be listed in the U.S. market, today announced the Company is making full efforts to prepare the Intelligent Border Control System's opening in Futian Port. Currently, the Intelligent Border Control System in Shenzhen Bay Port is running well and has achieved the expected objective since President Hu Jintao passed the border on the 1st of July.
On the 1st of July, after the opening ceremony for the Shenzhen Bay Port between Hong Kong and Shenzhen, President Hu Jintao walked out from the check point lanes of Shenzhen Bay Port and became the first ever passenger to experience the speed and efficiency of Intelligent Border Control System. Passengers can pass through the border in several seconds through the Intelligent Border Control System. There are about 5,531 passengers who passed through the Shenzhen Border in just six hours on 1st of July. Until now, the Intelligent Border Control System undertaken by the Company has been running well even during peak times, which demonstrates the Company's high technology and reliable quality.
The Shenzhen Bay Port Phase I project has been successfully completed. The Company is now getting the system ready for the opening of the Futian Port. The Futian Port is the third Intelligent Border Control System project implemented by China Public Security. Currently, the Company dominates the market of Intelligent Border Control System in Shenzhen. There are over 200 borders where the Intelligent Border Control System is going to be installed, it is expected the Company will have even more opportunities based on its successful track record.
The Company's Intelligent 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, while at the same time helping to safeguard borders from stowaway activities, and greatly improving overall efficiency and effectiveness of border control management.
"It has been an honor for us to have President Hu Jintao be our system's first ever passenger. And also, it is really important that our President came in-person to evaluate and recognize our efforts, as well as the efficiency and quality of our products installed at the Shenzhen Bay Port," said Mr. Jiang Huai Lin, the Company's CEO. "To further present our competitiveness, we must realize another objective to successfully launch the system in Futian Port. We believe those successful implementations and our publicly-recognized quality will help us generate greater opportunities for winning related projects in near future."
About China Public Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, CPST is focused on the development and implementation of large scale high-tech public security and Geographic Information System (GIS) related projects. The Company provides a broad portfolio of fully integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control and Intelligent Security Surveillance), Geographic Information System (Police-use GIS and Civil-use GIS), and e-Government Platform, software sales and maintenance as well. CPST currently has the licenses to 16 registered and copyrighted software applications 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 all its customers. To learn more about the Company, please visit the corporate website at http://www.chinacpby.com .
Safe Harbor Statement
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding 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.
