Hollysys Automation Technologies Announces Its Proprietary HVC2000 Certified According to European Safety Standards

 Hollysys Automation Technologies Announces Its Proprietary HVC2000 Certified
                    According to European Safety Standards

PR Newswire

BEIJING, March 4, 2013

BEIJING, March 4, 2013 /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 today that its proprietary vital computer 2000 ("HVC2000") which is
mainly used for on-board high-speed rail and subway signaling system
development, has been certified in compliance with the most stringent Safety
Integrity Level 4 (SIL4) requirements of EN50126/50128/50129/50159 standards.

HVC2000 is one of Hollysys' core products. It is served as Hollysys' on-board
rail signaling system design and development supporting platform, and used for
developing several critical products, including subway automatic train
protection system ("ATP") and automatic train operation system ("ATO") which
are installed on the subway trains, as well as the ATP and ATO applied for
high-speed rail trains.

HVC2000 adopts "double 2oo2 as 1oo2" system architecture; it has the
characteristics of high reliability, scalability and safety. Besides, it is
equipped with multiple rounds of safety protection and fault diagnosis
methods, and it follows both "composite fail-safety" and "inherent
fail-safety" design principals within European Safety Standards.

Recall, the subway signaling system is mainly comprised by on-board control of
ATP and ATO, ground-based control of ATS (Automatic Train Supervision), CBI
(Computer Based Interlocking) and auxiliary systems. Subway ATS and CBI have
been certified according to the same European safety standards already. The
certification of HVC2000 will accelerate the process in getting the
certification of subway ATP and ATO, thus the completion of the whole subway
signaling system.

Dr. Changli Wang, CEO and Chairman of Hollysys, commented: "We are very
pleased that we got the certification of HVC 2000 according to the most
stringent European safety standards, which is marking another milestone
towards the completion of our proprietary subway signaling system development
and certification. We believe that proprietary technology and strong R&D
capability is one of our core pillar foundations driving our market leadership
across all of our attractive industry verticals. In view of China's aggressive
subway construction plan and overseas subway signaling system reconstruction
opportunities, we believe that our world class and newly developed subway
signaling system will bring us special competitive advantages in propelling
our subway business in both Chinese and international market leveraging our
solid track record and brand-name recognition, and create value for our
shareholders."

About Safety Integrity Level (SIL)

Safety Integrity Level is a relative level of risk-reduction provided by a
safety function. Within the European Functional Safety standards four SILs are
defined, with SIL 4 being the most dependable and SIL 1 being the least. The
International Electrotechnical Commission's (IEC) standard IEC 61508 defines
SIL using requirements grouped into two broad categories: hardware safety
integrity and systematic safety integrity. A device or system must meet the
requirements for both categories to achieve a given SIL. To achieve a given
SIL, the device must meet targets for the maximum probability of dangerous
failure and a minimum Safe Failure Fraction. The standards such as EN50126/8/9
use SIL as a measure of reliability and/or risk reduction for railway safety
products.

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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