Hollysys Automation Technologies, Ltd., a leading provider of automation and control technologies and applications in China, announced today that it signed a contract to provide the ground-based high-speed rail signaling system and equipment to Xi'an - Chengduhigh-speed rail line ("Xi-Cheng Line") Xi'an - Jiangyou Section, valued at RMB 67.06 million or approximately USD $10.8 million with total construction length of 507 km. This Line is expected to be operated by the end of year 2017.
According to the contract, Hollysys will supply the ground-based high-speed rail signaling system and equipment include Train Control Centers (TCC), Temporary Speed Restriction Servers (TSRS), Line-side Electronic Units (LEU) and other auxiliary equipment, which will work with the on-board signaling equipment ATP (Automatic Train Protection), as the critical control elements in the high-speed railway signaling systems to ensure the safety and reliability of the high-speed railway operation.
Xi'an-Chengdu high-speed rail line is 660 km in length, Xi'an – Jiangyou Section starts from Xi'an to Ningqiang South Station with designed total operation length of 507 kilometers and includes 10 stations along the route. Xi-Cheng Line is an important connection line between Xi'an and Chengdu, which improves the local rail network and brings convenience to transport to North China region and Southwest region of China through the connection of this line with other artery lines.
Hollysys' management commented: "We are pleased of this contract win to supply the ground-based signaling equipment to Xi-Cheng Line, which enhances our opportunities to win more railway line contracts and helps Hollysys to further penetrate southwest railway market. In the future, Hollysys will continue to work closely with China Railway Corporation and national railway authorities, leveraging its strong R&D capability, effective management, and high-quality products and service, make more contribution to China's railway construction and explore the vast rail and subway opportunities both in China and abroad, 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 3,600 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 power plant automation and control system and other products.