BEIJING, Dec. 16 /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 the Company was recently awarded a provincial highway toll settlement and billing system contract in Shanxi Province valued at approximately RMB 26 million, or approximately USD $3.8 million through its VIE Beijing PKU Chinafront High Technology Co. Ltd ("PKU"). In addition, the Company was awarded an intelligent transportation system contract in Hubei Province valued at approximately RMB 114 million, or approximately USD $16.7 million through it VIE Beijing UNISITS Technology Co. Ltd ("UNISITS").

Shanxi Province Highway Toll Settlement and Billing System

For Shanxi Province, China TransInfo will design a highway toll settlement monitoring, management and control center system, establish data analysis and decision platforms, and create a provincial level toll station satisfaction evaluation system. This project represents the first provincial level real-time highway toll settlement monitoring, data mining and analysis system in China.

The system will cover all 135 toll collection stations on 1,063 toll roads in Shanxi Province with nearly 2,000 kilometers of highway coverage. According to Shanxi Province's highway development plan, highway coverage will reach 5,000 kilometers by year-end 2012.

Hubei Province Intelligent Transportation System

For the intelligent transportation system in Hubei Province, UNISITS will design the traffic engineering electronics and machinery (E&M) system for expressways from Macheng City to Wuhan City in Hubei Province. The USD $16.7 million contract is expected to be completed by year-end 2010.

At approximately 60,300 kilometers at year-end 2008, China's expressway system is the second largest in the world. Pursuant to China's 11th five-year plan, expressways will increase to 65,000 kilometers at year-end 2010 and to 85,000 kilometers by year-end 2020.

"Our winning the Shanxi project resulted from our successful synergies of UNISITS' business model. By integrating China TransInfo and UNISITS' technological advantages and industry experience, we are very proud to offer the premier software products for China's highway sector," commented Shudong Xia, Chief Executive Officer of China TransInfo. "As the Chinese government makes considerable investments in the highway sector, we are confident we will not only continue our expansion in the highway engineering and machinery (E&M) system markets, but also enter new markets by leveraging our premier software products."

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:

    Company Contact:
     Ms. Fan Zhou, Investor Relations Director
     China TransInfo Technology Corp.
     Tel:   +86-10-5169-1657
     Email: ir@ctfo.com

    Investor Relations Contact:
     Mr. Crocker Coulson, President
     CCG Investor Relations
     Email: crocker.coulson@ccgir.com
     Tel:   +1-646-213-1915 (NY office)
     Web:   http://www.ccgirasia.com

SOURCE China TransInfo Technology Corp.

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