Hollysys Automation Technologies to Provide Its Ground-Based Signaling System to Chongqing-Lichuan High-speed Rail Line

Hollysys Automation Technologies to Provide Its Ground-Based Signaling System
                  to Chongqing-Lichuan High-speed Rail Line

PR Newswire

BEIJING, Oct 29, 2012

BEIJING, Oct 29, 2012 /PRNewswire-FirstCall/ --Hollysys Automation
Technologies, Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading
provider of automation and control technologies and applications in China,
announced todaythat it signed a contract to provide the Line-side Electronic
Unit (LEU) and Balise to Chongqing-Lichuan high-speed rail line. The contract
is valued at approximately US $2.85 million or RMB 17.98 million.

LEU and Balise together is a portion of the ground-based high-speed rail
signaling system. The ground-based signaling system normally includes Train
Control Center (TCC), Temporary Speed Restriction Server (TSRS), LEU, Balise
and other auxiliary equipments. The TCC and TSRS supplying contract will be in
a separate bidding in the near term. The separate biding of the main portions
of the ground-based signaling system is mainly because of the different
funding sources by Ministry of Railways to construct this line.

Chongqing-Lichuan high-speed rail line connects Chongqing city and Lichuan
city in Hubei Province, which is an important portion of one of the "Four
Horizontals" - Shanghai-Wuhan-Chengdu high-speed rail line. Chongqing-Lichuan
line's designed traveling speed is 200 km/h with 262km in total length.

Dr. Changli Wang, Chairman and CEO of Hollysys, commented: "We are pleased of
winning this contract to supply the ground-based signaling equipments to
Chongqing-Lichuan line, which established a solid foundation to further
explore the southwest high-speed rail market of China. We are expecting
continuous contract awards by Ministry of Railways seeing that China has
expedited high-speed rail construction to ease the transportation and to fuel
economy growth. We believe that with our solid market position, strong R&D
capability and well-reputed track records, Hollysys will continue to benefit
from China's high-speed rail expansion and create value for our shareholders."

About Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI)

Hollysys Automation Technologies is a leading provider of automation and
control technologies and applications in China that enables its diversified
industry and utility customers to improve operating safety, reliability, and
efficiency. Founded in 1993, Hollysys has approximately 3,500 employees with
nationwide presence in over 50 cities in China, with subsidiaries and offices
in Singapore, Malaysia, Dubai, India, and serves over 4,000 customers more
than 10,000 projects in the industrial, railway, subway & nuclear industries
in China, South-East Asia, and the Middle East. Its proprietary technologies
are applied in its industrial automation solution suite including DCS
(Distributed Control System), PLC (Programmable Logic Controller), RMIS
(Real-time Management Information System), HAMS (HolliAS Asset Management
System), OTS (Operator Training System), HolliAS BATCH (Batch Application
Package), HolliAS APC Suite (Advanced Process Control Package), SIS (Safety
Instrumentation System), high-speed railway signaling system of TCC (Train
Control Center), ATP (Automatic Train Protection), Subway Supervisory and
Control platform, SCADA (Surveillance Control and Data Acquisition), nuclear
conventional island automation and control system and other products.

For further information, please contact:

Hollysys Automation Technologies, Ltd.
www.hollysys.com
+8610-58981386
investors@hollysys.com

SOURCE Hollysys Automation Technologies, Ltd.

Website: http://www.hollysys.com
 
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