China Information Technology Inc. Chairs the Shenzhen City Big Data Industry
and Innovation Alliance
SHENZHEN, China, Jan. 16, 2014
SHENZHEN, China, Jan. 16, 2014 /PRNewswire/ -- China Information Technology,
Inc. ("CNIT" or the "Company") (Nasdaq: CNIT), a leading provider of
integrated cloud-based solutions in digital education, smart family and
business, public information release, and other information technology
solutions in China, today announced iASPEC Geo Information Technology Co.,
Ltd. ("iASPEC Geo"), one of the Company's variable interest entities, has been
elected as the Chairman of the newly launched Shenzhen City Big Data Industry
and Innovation Alliance (the "Alliance").
The Alliance is sponsored by the Technology Innovation Committee of Shenzhen
Government comprising numerous key enterprises of the Big Data industry in
Shenzhen City. The Alliance aims at promoting industry collaborations and Big
Data technology developments and applications in an effort to promote Shenzhen
City's pioneering position in China's Big Data industry. Thanks to its strong
industry experience, software development capability, and extensive successful
Smart City project executions, iASPECGeo was elected as the Chairman of the
Alliance, members of which also include CCID Consulting (as vice-chairman),
Tencent, Huawei, Shenzhen University, National Supercomputing Centre in
Shenzhen (NSCS) and Audaque.
As a national strategic emerging industry, Big Data has received great
attention from the Chinese government. The"Twelfth Five-year Plan for the
National Development of Strategic Emerging Industries" clearly advocated the
research and development of mass data storage, processing technology, and
industrialization. The "Internet of Things Five-Year Plan" lists information
processing technology as one of the top technology innovation initiatives.
Smarter Cities are leveraging Big Data technology to improve infrastructure,
planning and management, and human services with the goal of making cities
more desirable, livable, sustainable, and green. Some specific focus areas
include mass transit, utilities, environment, emergency response, big event
planning, public safety, social security, and healthcare.
Mr. Jiang Huai Lin, Chairman and Chief Executive Officer of CNIT, commented,
"We are highly honored and encouraged by iASPEC Geo's leading role in the
Alliance, and we cherish the opportunity to work with other member companies
of the Alliance which are renowned and influential in China's IT sector. We
believe our growing technological and execution strengths in the Smart City
arena, coupled with our business transition to "internet-based products and
solutions" will inject strong momentum for the Company's sustainable future
growth. We look forward to continuously creating shareholder value."
About China Information Technology, Inc.
Headquartered in Shenzhen, China, China Information Technology, Inc., through
its subsidiaries and other consolidated entities, provides information
technologies and cloud-based business solutions in China.The Company's
cloud-based products include Smart EduCloud and Public InfoCloud; IT solutions
include geographic information systems (GIS), digital public security
technology (DPST), and hospital information systems (HIS). The Company's
integrated hardware, software, and cloud-based services serve a variety of
customers in the fields of government, education, medical, financial,
commercial, communication and individual consumers. To learn more about the
Company, please visit its corporate website at http://www.chinacnit.com.
Safe Harbor Statement
This press release includes certain statements that are not descriptions of
historical facts, but are forward-looking statements in nature within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements, often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions, involve
known and unknown risks and uncertainties. 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 periodic 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:
China Information Technology, Inc.
Tel: +86 755 8370 4767
SOURCE China Information Technology, Inc.
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