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Hollysys Automation Technologies Announces a Series of Contract Wins of Energy Management System to Reduce Energy Consumption

Hollysys Automation Technologies Announces a Series of Contract Wins of Energy
      Management System to Reduce Energy Consumption and Waste Emission

PR Newswire

BEIJING, June 28, 2013

BEIJING, June 28, 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 todaythat it signed a series of contracts recently to provide its
Energy Management System ("EMS") to a few domestic chemical enterprises
including COFCO Biochemical (Zhaodong) Energy Co., Limited, Henan Jinkai Group
Yanhua Chemical Co., Limited, Junma Chemical Co., Limited, Jiheng Group and
Henan Tianguan Biological Engineering Company Limited.

Energy Management System ("EMS") is an energy management software system used
to monitor, record, analyze, and optimize the energy consumption in the
process industries. Functions of EMS include energy prediction and planning,
measurement, information collection and analysis, diagnosing, dispatching,
energy balancing, energy optimization and etc. It can quantify the energy
consumption at different stages precisely and give the managers a guidance of
how to improve the energy efficiency, and set up a scientific procedure to
optimize energy usage and raise productivity. It is estimated that the EMS can
reduce the whole plant's energy cost by 1-3% for the same manufacturing
equipments.

Dr. Changli Wang, Chairman and CEO of Hollysys, commented: "We are very
excited about the series of contract wins from the energy management field,
which shows it is an emerging and inspiring business in the industrial
automation market in China in view of the government's more stringent
regulations and incentive policies regarding energy conservation and emissions
reduction. As Hollysys has a complete suite of automation and control
products and systems, we are confident that the trend of environment
protection and emission reduction will provide Hollysys more opportunities.
With our leading technology, rich industry experience and well recognized
solutions, Hollysys will continue to penetrate and capture our fair share in
industrial automation market, 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 5,000 customers more
than 20,000 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.

SAFE HARBOUR:

This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements, other than
statements of historical fact included herein are "forward-looking
statements," including statements regarding: the ability of the Company to
achieve its commercial objectives; the business strategy, plans and objectives
of the Company and its subsidiaries; and any other statements of
non-historical information. These forward-looking statements are often
identified by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks and
uncertainties. Such forward-looking statements, based upon the current
beliefs and expectations of Hollysys' management, are subject to risks and
uncertainties, which could cause actual results to differ from the forward
looking statements. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may prove to be
incorrect. Investors should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release. The
Company's actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of factors,
including those discussed in the Company's reports that are filed with the
Securities and Exchange Commission and available on its website
(http://www.sec.gov). All forward-looking statements attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking statements.

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