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Hollysys Automation Technologies Announces a Contract Win to Provide Its Ground-Based High-Speed Rail Signaling Products to

   Hollysys Automation Technologies Announces a Contract Win to Provide Its
  Ground-Based High-Speed Rail Signaling Products to Chongqing-Lichuan Line

PR Newswire

BEIJING, March 18, 2013

BEIJING, March 18, 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 todaythat it
signed a contract to provide the Train Control Center (TCC) and Temporary
Speed Restriction Server (TSRS) to Chongqing-Lichuan high-speed rail line.
The contract is valued at approximately US $6.54 million or RMB 40.98 million.

The ground-based high-speed rail signaling system normally includes Train
Control Center (TCC), Temporary Speed Restriction Server (TSRS), Line-side
Electronic Unit (LEU), Balise and other auxiliary equipments. Followed by the
contract win of providing LEU and Balise for Chongqing-Lichuan line in
October 2012, Hollysys successfully signed this contract to provide the other
portion of the ground-based signaling system for Chongqing-Lichuan 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. This line is
expected to begin operations by the end of 2013.

Dr. Changli Wang, Chairman and CEO of Hollysys, commented: "We are pleased of
winning this contract to supply our ground-based signaling system to
Chongqing-Lichuan line, which is again a demonstration of our key market
position in the high-speed rail field. We are expecting continuous contract
awards and we believe that with our solid market position, strong R&D
capability and well-reputed track records, Hollysys will continue to benefit
from China and the world's rail and subway 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, Southeast Asia and the Middle
East that enables its diversified industry and utility customers to improve
operating safety, reliability, and efficiency. Founded in 1993 in China,
Hollysys has approximately 3,500 employees with nationwide presence in over 60
cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai
and India, and serves over 4,000 customers involving more than 15,000 projects
in the industrial, railway, subway and 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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