China TransInfo Announces Official Launch of Information and Control System for the World Expo in Shanghai

BEIJING, April 20 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq: CTFO), ("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 on April 14, 2010, the Company-designed Information and Control System for major commercial vehicles (the "IC System") was officially launched at the World Expo in Shanghai, which runs for six months from May 1 to October 31, 2010.

The IC System will initially be used to provide real-time monitoring, management, and emergency response for major incoming and outgoing commercial vehicles (including long-haul passenger vehicles, chartered vehicles for tourists, and vehicles carrying dangerous cargo) during the World Expo in Shanghai before it is expanded to cover 31 provinces across China.

The IC System integrates dynamic monitoring systems at the provincial level with the national regulatory platform to generate data exchanges. Specifically, the IC System includes a national regulatory platform, provincial monitoring platforms, provincial GPS application platforms, management systems for provincial transportation agencies, and a national filing and inspection system. As part of the IC System for the World Expo, China TransInfo has successfully integrated existing monitoring platforms in 16 provinces, which were isolated and failed to support data exchange and information sharing, to make them fully compatible with the national regulatory platform. In addition, the Company has established monitoring platforms, GPS application platforms and management platforms for local transportation agencies in 12 provinces, enabling China TransInfo to generate recurring revenue prospectively.

"China TransInfo was the only company in the transportation industry that participated in this technological partnership with the World Expo and we are very proud of this achievement," commented Mr. Shudong Xia, Chairman and Chief Executive Officer. "Looking beyond the World Expo, this Information and Control System is of significant importance as we expect the provincial-level monitoring platforms, GPS application platforms and management platforms for local transportation agencies that we have established as part of this technological partnership to help us enter the fleet management industry and to generate recurring revenues to support our earnings growth."

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 Geographic Information System (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 technology. As the co-formulator of several transportation technology national standards, the Company owns software copyrights for 89 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:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Email: [email protected]
     Tel:   +86-10-5169-1657

    Investor Relations Contact:
     Mr. Athan Dounis, Account Manager
     Email: [email protected]
     Tel:   +1-646-213-1916

     Mr. Crocker Coulson, President
     Email: [email protected]
     Tel:   +1-646-213-1915

     CCG Investor Relations
     Web:   http://www.ccgirasia.com

SOURCE China TransInfo Technology Corp.