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china information technology (CNIT) Key Developments

Advertising Agency Selects China Information Technology, Inc. to Install 20,000 Cloud-Based New Media Elevator Terminals in Guangdong Province

China Information Technology, Inc. announced that the company was selected by a advertising agency to install 20,000 cloud-based new media elevator terminals in Guangdong province. Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees. The terminals are expected to be installed by the end of 2017. The company's new media elevator terminals show advertisements and public information on 21.5-inch wall-mounted displays with high-definition digital output. The multi-functional system enables advertising agencies to remotely manage all of their content. Through the CNIT Cloud-App-Terminal elevator platform, the same terminals also enhance elevator safety via the transmission of technical data on elevator operation to property management, elevator safety supervision and maintenance bureaus on a real-time basis. The CNIT new media elevator terminals will be installed in the following major cities: Foshan, Zhongshan, Dongguan, Yunfu, Zhaoqing, Zhuhai and Jiangmen, which together constitute a key part of the Pearl River Delta Economic Zone with a total population of 30 million.

China Information Technology, Inc. Enters into Strategic Co-Operation Agreement with Lenovo Group Limited

China Information Technology, Inc. entered into a strategic cooperation agreement with Lenovo Group Limited. According to the agreement, the Company was designated by Lenovo as a authorized distributor of smart education terminals integrating proprietary CNIT software and cloud platform and Lenovo hardware including servers, laptops and tablet PCs for the Chinese market.

China Information Technology Elects Board of Directors

China Information Technology (CNIT) reported that YunSen Huang, Yong Jiang and Remington C.H. Hu have been elected to the CNIT board, at the CNIT annual meeting held on Dec. 19, 2014.

China Information Technology, Inc. to Install 10,000 New Media Elevator Terminals in Fujian Province

China Information Technology, Inc. announced that the company was selected to install 10,000 cloud-based new media elevator terminals in Fujian province. Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees. The terminals are expected to be installed by the end of 2015 encompassing over 1,000,000 people. The company's new media elevator terminals show advertisements and public information on 21.5-inch wall-mounted vertical displays with high-definition digital output. The multi-functional system enables advertising agencies to remotely manage all of its content. Through the CNIT Cloud-App-Terminal elevator platform, the same terminals transmit technical data on elevator operation to property management, elevator safety supervision and maintenance bureaus on a real-time basis.

China Information Technology, Inc. Enters into Five-Year Leasing and Service Contract

China Information Technology, Inc. announced that it has entered into a five-year leasing and service contract to install the company's cloud-based digital display terminals at the Changsha Huanghua International Airport and provide relevant services. Under the contract, the Company will receive recurring monthly fees that include display terminal rental and platform service fees. Through the CNIT Cloud-App-Terminal (CAT) transportation platform, the advertising agency client can manage all of its ad contents on the digital display terminals wirelessly. To be installed by December 2014, each of the digital display terminals is equipped with a 50-inch vertical screen and a 42-inch horizontal screen. These dual-screened terminals will display high-definition advertisement and public information near security checkpoints at the airport. Serving Changsha and nearby cities in Hunan province, the Changsha Huanghua International Airports is a regional transportation hub in central China and one of the major airports in China.

 

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