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China TransInfo Receives Deloitte Technology Fast 50 China 2009 Award
Nov 23, 2009 (08:11 AM EST)
BEIJING, Nov. 23 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., , ("China TransInfo" or "the Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that Deloitte & Touche, LLP included China TransInfo in the Deloitte Technology Fast 50 China 2009 program, recognizing the Company as one of the top 50 fastest growing high-tech companies in the technology, media, telecommunications, and life sciences industries in China.
Companies awarded Deloitte Technology Fast 50 China 2009 status will automatically qualify for the Deloitte Technology Fast 500 Asia Pacific 2009 program, which annually recognizes the 500 fastest growing high-tech companies in the Asia Pacific region. Winners will receive significant exposure and recognition from media and industry professionals and be included in an exclusive network of high performing technological companies.
"We are deeply honored to have been recognized by Deloitte & Touche, a world-class global business institution," said Mr. Shudong Xia, Chief Executive Officer of China TransInfo. "Driven by robust demand for transportation IT solutions from the Chinese government, we are experiencing very strong growth in our key markets. We believe the rapid expansion of our business will continue to be supported by leveraging our solutions and applications to meet the increased demand fueled by China's significant investments in transportation infrastructure projects."
About China TransInfo
China TransInfo, through its affiliate, China TransInfo Technology Group Co., Ltd., (the "Group Company") and the Group Company's PRC operating subsidiaries, is primarily focused on providing transportation information services and comprehensive solutions based on GIS technologies. The Company aims to become the largest transportation information products and comprehensive solutions provider, as well as the largest real time transportation information platform operator and provider in China. In addition, the Company is developing its transportation system to include Electronic Toll Collection (ETC) technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 88 software products and has won 5 of the 10 model cases sponsored by the PRC Ministry of Communications. The Company's affiliation with Peking University provides the Company access to the University's GeoGIS Research Laboratory, including over 30 Ph.D. researchers. As a result, the Company is playing a key role in setting the standards for electronic transportation information solutions. For more information, please visit the Company's website at http://www.chinatransinfo.com .
Safe Harbor Statement
This press release contains certain statements that may include "forward looking statements". All statements other than statements of historical fact included herein are "forward-looking statements". 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. 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. You 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 more information, please contact: China TransInfo Technology Corp. Ms. Fan Zhou, IR Director Phone: +86-10-82671299 x8033 Email: firstname.lastname@example.org CCG Investor Relations Inc. Mr. Crocker Coulson, President Phone: +1-646-213-1915 (New York) Email: email@example.com Web: http://www.ccgirasia.com
CONTACT: Fan Zhou, IR Director of China TransInfo Technology Corp., firstname.lastname@example.org+86-10-82671299 x8033, ; Crocker Coulson, President of CCGInvestor Relations Inc., +1-646-213-1915 (New York),
Web site: http://www.chinatransinfo.com/ http://www.ccgirasia.com/