BEIJING, Oct. 18 /Xinhua-PRNewswire-FirstCall/ -- China TransInfo Technology Corp., (OTC Bulletin Board: CTFO) (“China TransInfo” or “the Company”), a leading Geographic Information System (“GIS”) technology provider for the People’s Republic of China (“PRC”) government’s Transportation, Land & Resource and Digital City segments, announced today that it has entered into a strategic partnership with Environmental Systems Research Institute (“ESRI”), the world’s leading supplier of GIS technology platforms and software products.
Headquartered in Redlands, California, ESRI has offices throughout the United States. ESRI’s business partner program is comprised of more than 2,000 developers, consultants, resellers, and data providers that feed a network of more than 80 international distributors to meet the needs of customers in over 200 countries. ESRI continually strives to provide fully integrated solutions for its customers through its partnership arrangements with other suppliers of applicable GIS software.
“We are honored to align our company with ESRI, which has a reputation for high quality and state of the art GIS products recognized throughout the world,” Mr. Xia, Chief Executive Officer of China TransInfo, said. “Not only will this lower our software development costs, but ESRI’s advanced products and technological solutions will enable us to provide our customers with a broader spectrum of solutions and platforms as we strive to become the leading GIS provider in China,” Mr. Xia said.
As an ESRI global strategic partner, China TransInfo can participate in ESRI’s global network, enabling the Company to exchange GIS technology with other ESRI partners throughout the world. In doing so, China TransInfo will benefit from increased brand recognition, while at the same time enhancing its overall technological strength and capabilities among potential GIS customers.
About ESRI
On any given day, more than a million people around the world use GIS products from ESRI to improve the way their organizations conduct business. Founded in 1969, ESRI has been developing GIS solutions that are emerging as an integral component in nearly every type of business and government service. Headquartered in Redlands, California, ESRI has offices throughout the United States; a business partner program with more than 2,000 developers, consultants, resellers, and data providers; and a network of more than 80 international distributors supplying customers in more than 200 countries. Each year, ESRI invests nearly 20 percent of its revenues in research and development and continues to set industry standards by developing software solutions using the latest programming and Internet technologies. The combination of vision, business management, and a focus on customers has made ESRI the leader of the GIS software industry. Additional information on ESRI is available on the company’s website http://www.esri.com/index.html .
About China TransInfo
China TransInfo, through its subsidiary Beijing PKU ChinaFront High Technology Co., Ltd., offers a full range of GIS application solutions that cover GIS system planning, deployment, system construction, data testing, system audit & optimization, documentation and customer training through proprietary GIS platform software products for 2D and 3D GIS system models. The Company has 13 copyright registered certificates granted by the China Software Testing Center and the National Copyright Administration of the PRC. China TransInfo serves the government sectors of the GIS market in China with an emphasis on the following three major Chinese central government initiatives: (i) Transportation; (ii) Digital City; and (iii) Land & Resources. China TransInfo also has a first mover advantage in the 3D GIS segment having developed the first and only three-dimensional GIS platform software in China. Furthermore, the Company’s affiliation with Peking University, which currently owns 15% of the company, provides access to the University’s GeoGIS Research Laboratory, including 30 Ph.D. researchers. China TransInfo has been thoroughly involved in the beta stages of the GIS information systems in China, especially in the transportation segment. In 2005 and 2006, the Company was awarded three of four Ministry of Transportation of the PRC case models designed to test GIS application solutions. As a result, the Company is currently playing a key role in setting the standards for GIS solutions.
Safe Harbor Statement
This press release contains certain statements that may include “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included herein are “forward-looking statements”. 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.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.
For more information, please contact:
Company Contact:
Mr. Shudong Xia
Chief Executive Officer
China TransInfo Technology Corp.
Email: xsd@techfront.com.cn
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
