October 11, 2010, SHENZHEN, China, (Coal Geology): China Information Technology, Inc. (Nasdaq: CNIT), a leading total solutions provider of Geographic Information Systems (GIS), digital public security and hospital information systems in China, has announced that the Company has won approximately RMB10 million (approximately $1.5 million) in contracts to supply its digital large-screen products to customers in China’s coal mining industry.
[ReviewAZON asin="B003HNP5ES" display="inlinepost"]The contracts require the Company to provide its proprietary Digital Light Processing (DLP) and Liquid Crystal Display (LCD) multi-screen display systems for several domestic coal mining companies, including the Hexi coal mine in Shanxi Province, the Songjiagou coal mine in Shanxi Province and Panzhihua coal mine in Sichuan Province. Revenue under the contracts is expected to be recognized in 2010.
Mr. Jiang Huai Lin, Chairman and CEO of the China Information Technology, commented, “We are very pleased by our inroads into China’s coal mining sector, which we believe demonstrates our strong product offering and our ability to customize our digital display systems to capture demand from other sectors. We expect that these contract wins will further consolidate our brand recognition in the multimedia and digital display market, and better position us as a preferred provider of high-quality and innovative multimedia products in China.”
About China Information Technology, Inc.
China Information Technology, Inc., through its subsidiaries and other consolidated entities, specializes in Geographic Information System (“GIS”), digital public security and hospital information systems, with the goal of being the largest GIS software provider in China. Headquartered in Shenzhen, China, the Company’s total solutions include specialized software, hardware, systems integration, and related services organized into three business segments – Geographic Information Systems (“GIS”), Digital Information Security Technology (“DIST”), and Digital Hospital Information Systems (“DHIS”). To learn more about the Company, please visit its corporate website at http://www.chinacnit.com .
Web Site: http://www.chinacnit.com/