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Hollysys Automation Technologies Announces a High-Speed Rail Signaling System Contract Win for Xiamen-Shenzhen Line Guangdong



Hollysys Automation Technologies Announces a High-Speed Rail Signaling System
           Contract Win for Xiamen-Shenzhen Line Guangdong Section

PR Newswire

BEIJING, Jan 7, 2013

BEIJING, Jan 7, 2013 /PRNewswire/ -- Hollysys Automation Technologies, Ltd.
(NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation
and control technologies and applications in China, announced today that it
signed a contract to supply the ground-based signaling system to
Xiamen-Shenzhen high-speed rail line Guangdong Section ("this section") with a
designed traveling speed of 200 km/h and 357 km in length. The contract is
valued at approximately RMB 67.60 million or US $10.75 million.

As per the terms of the contract, Hollysys will provide the ground-based
high-speed rail signaling system, including Train Control Centers (TCC),
Line-side Electronic Units (LEU), Balises and other auxiliary equipments,
which are expected to be delivered and installed by October 2013.

Xiamen-Shenzhen line Guangdong section will start from the border between
Fujian province and Guangdong province, and then go through Chaozhou-Shantou
region, Shanwei city, Huizhou city and other cities all the way to Shenzhen
city with 12 stations. After the completion of this section, it will take 3
hours from Xiamen city to Shenzhen city with 502 km in total length. It is
believed that this line is of utmost importance to the local economy, because
it brings three important special economic zones, Xiamen, Shantou, and
Shenzhen together in a much more convenient, economic and faster way.

Dr. Changli Wang, Chairman and CEO of Hollysys, commented: "We are pleased of
winning this contract to supply the ground-based signaling equipments to
Xiamen-Shenzhen line Guangdong section. We believe that with our strong R&D
and implementation capability and well-reputed track records, Hollysys will
continue to benefit from China's restarted high-speed rail construction 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 60 cities in China, with subsidiaries and offices
in Singapore, Malaysia, Dubai, India, and serves over 4,000 customers more
than 15,000 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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