SHENZHEN, China, July 4 /Xinhua-PRNewswire/ -- China Public Security Technology, Inc. (OTC Bulletin Board: CPBY.OB), ("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 Peoples' Republic of China President Hu Jintao hosted the opening of the Shenzhen Bay Port and expressed his appreciation for the quality of the Company's Intelligent Border Control System.
On July 1, 2007, President Hu Jintao hosted the Opening Ceremony of the Shenzhen Bay Port. Shenzhen Bay Port is regarded as the largest port with such high level of technology in the world and one of the focused projects in celebrating the 10th Anniversary of Hong Kong's Handover to China. President Hu Jintao, through enquiring immigration officers regarding the processing time and workflow and inspecting China Public Security's system, highly recognized and applauded the contribution of the Company's Intelligent Border Control System to increase the processing speed, and shorten waiting time for visitors crossing the border to and from Hong Kong. Currently, there are numerous exit and entry borders in need of similar Intelligent Border Control Systems. The successful implementation of China Public Security's system at Shenzhen Bay Port has worked as an excellent founding step for the Company to expand to other exit and entry borders.
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 come 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. "This Shenzhen Bay Port project is a National-level project in China. The successful implementation as well as the high recognition by our President have enhanced our reputation publicly and increased our competitiveness in getting similar projects or bids in the 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.
For more information, please contact:
Company Contact:
Mr. Michael Lin
Vice President, Investor Relations
China Public Security Technology, Inc.
Tel: +1-949-743-0868
Email: mlin@chinacpby.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
