Hollysys Automation Technologies Announces its Proprietary Distributed Control System's Successful Operation in Ningde Nuclear

Hollysys Automation Technologies Announces its Proprietary Distributed Control
         System's Successful Operation in Ningde Nuclear Power Plant

PR Newswire

BEIJING, April 26, 2013

BEIJING, April 26, 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,
today announced that its proprietary HOLLiAS-N Distributed Control System
("HOLLiAS-N DCS") was successfully applied to Unit 1of Ningde Nuclear Power
Plant ("Ningde NPP") and went into commercial operation.

Hollysys' HOLLiAS-N DCS is one of the high-end DCS products Hollysys developed
for 1GW level nuclear power plant. Hollysys' proprietary HOLLiAS-N DCS
successfully passed a series of rigorous tests before the commercial operation
of Unit 1 of Ningde NPP and it met all the parameters and delivered
outstanding performance. Besides, it is China's first domestic proprietary 1GW
DCS system application in nuclear power plants.

Hollysys' joint venture with China General Nuclear Power Corporation
("CGNPC"), China Techenergy Co., Ltd. ("CTEC"), currently has 14 nuclear
reactors in their backlog which the JV has not fully signed contracts with
Hollysys for HOLLiAS-N DCS providing, including Unit 1, 2, 3, 4 of Hongyanhe
Nuclear Power Plant; Unit 1, 2, 3, 4 of Ningde Nuclear Power Plant; Unit 1, 2
of Fangchenggang Nuclear Power Plant; and Unit 1, 2, 3, 4 of Yangjiang Nuclear
Power Plant.

Ningde NPP Unit 1 is the first commercial operated project after Japan's
Fukushima nuclear power accident, it is believed of great significance for
China's continuous nuclear power development, especially after the approval of
<Nuclear Power Safety Plan (2011-2020)> and <Nuclear Power Mid-long Term
Development Plan (2011-2020)> by the State Council of China in the end of last
year.

Dr. Changli Wang, Chairman and CEO of Hollysys, commented, "We are very
pleased that our proprietary HOLLiAS-N DCS is successful applied in Ningde
Nuclear power station, which again validates our strong technology and
capability. As the leading provider of nuclear power automation and control
systems in China, along with the restart of China nuclear power plants'
construction, we are expecting continuous revenue inflow from nuclear power
business. Going into the future, leveraging on our industry leading
technology, brand name recognition, Hollysys will further penetrate China's
vast industrial automation market and abroad, to create value for our
shareholders."

About Ningde Nuclear Power Plant

Ningde Nuclear Power Plant is located in Fujian province of China, which is
being constructed in two phases. Phase I of Ningde nuclear power plant is
jointly invested by CGNPC, China Datang Corporation ("CDT") and Fujian Energy
Group ("FEG"), with four 1.09GW CPR-1000 pressurized water reactors (PWRs),
which commenced construction from 2008 to 2010, and were scheduled to
commercial operation successively from 2013 to 2015.

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 5,000 customers involving more than 20,000 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
+86-10-5898-1386
investors@hollysys.com

SOURCE Hollysys Automation Technologies, Ltd.

Website: http://www.hollysys.com
 
Press spacebar to pause and continue. Press esc to stop.