China Intelligence Information Systems Inc.'s Subsidiary Has a Place in Provincial Five-year Industry Development Plan for Internet of Things

Dec 21, 2010, 08:30 ET from China Intelligence Information Systems, Inc.

JINAN, Shandong, China, Dec. 21, 2010 /PRNewswire-Asia-FirstCall/ -- Jinan Yinquan Technology Co., Ltd., one of the wholly-owned subsidiaries of China Intelligence Information Systems Inc.(CIISI) (OTC Bulletin Board: IICN),is selected as one of the key supporting enterprises by Shandong Government for the Five-year (2011-2015) Internet of Things Industry Development Plan (the Plan).

Internet of Things (IoT) is a term for when everyday ordinary objects are connected to the Internet via microchips. IoT may realize intelligent identification, position, track, monitoring and management by using a combination of multiple information sensors including RFID, infrared sensor, GPS and laser scanner. The IoT is exactly a network within which information could be exchanged and communicated through an agreed protocol. Yinquan will provide general support technologies include virtualization technology and cloud computing structure for the IoT network referred in the Plan.

The Plan indicates that the government will take 5 years to establish a Smart Shandong Province based on the IoT industry. Jinan and Qingdao will be the key cities to develop this industry and the industry scale is expected to reach over USD30 billion at the end of 2015. The Plan is dedicated to help Shandong Province be the leading province in IoT industry in China.

Mr. Li Kunwu, Chairman and CEO of CIISI, commented on the role of Yinquan in the Plan. He said "it's our honor to be selected as the key supporting company for this provincial Plan. However, It's not surprised us because Yinquan holds the leading position in Shandong virtualization and could computing market. We are glad to get this opportunity to make our contribution for the local industrial economy. We will follow up the developing trend of IoT and seek a larger application range of virtualization technology and cloud computing in IoT industry."

About China Intelligence Information Systems, Inc.

China Intelligence Information Systems, Inc. (CIISI) offers virtualization technology application and cloud computing products in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, CIIS is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integrated virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products.  More information can be found www.ciisi.com.

About Virtualization Technology

Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way people compute.

Today's powerful x86 computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that boundary, making it possible to run multiple operating systems and multiple applications on the same computer at the same time, increasing the utilization and flexibility of hardware.

Virtualization is a technology that can benefit anyone who uses a computer, from IT professionals and Mac enthusiasts to commercial businesses and government organizations. Millions of people around the world use virtualization to save time, money and energy while achieving more with the computer hardware they already own.

About Cloud Computing

Cloud computing is a general term for anything that involves delivering hosted services over the Internet. These services are broadly divided into three categories: Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). The name cloud computing was inspired by the cloud symbol that's often used to represent the Internet in flowcharts and diagrams.

A cloud service has three distinct characteristics that differentiate it from traditional hosting. It is sold on demand, typically by the minute or the hour; it is elastic -- a user can have as much or as little of a service as they want at any given time; and the service is fully managed by the provider (the consumer needs nothing but a personal computer and Internet access). Significant innovations in virtualization and distributed computing, as well as improved access to high-speed Internet and a weak economy, have accelerated interest in cloud computing

Safe Harbor Statement

Certain of the statements made in the press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.

For more information please contact



China Intelligence Information Systems, Inc. Investor Contacts:



Michelle Wong, +86-531-5558-5742, michellewong@yinquan.cn   





SOURCE China Intelligence Information Systems, Inc.



RELATED LINKS

http://www.ciisi.com