China TransInfo Received RMB 4 Million Technology Innovation Funds for TransPLE Product

Jan 12, 2010, 08:00 ET from China TransInfo Technology Corp.

BEIJING, Jan. 12 /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 received RMB 4 million (approximately USD $0.6 million) technology innovation funds from the Beijing government for the TransPLE Passenger Flow Statistic, Detecting and Analysis System (the "TransPLE").

The TransPLE, an equipment and monitoring service system launched in August 2009, tracks transit passengers in high density areas, such as metro stations, railway stations, and airports. The technology utilizes multi-modal sensor networks composed of several laser scanners and cameras to detect and analyze pedestrian flow quantity, density, speed, and direction. The TransPLE assists government authorities to develop and expand high-traffic transportation centers with optimal configurations.

"We are very pleased to receive the funds from the Beijing government, which reflects the recognition of our TransPLE products by the government," commented Shudong Xia, Chief Executive Officer of China TransInfo. "In conjunction with the rapid development of the transportation infrastructure in Beijing, the demands for passenger flow detecting and relevant technologies and applications have been growing significantly. We are very confident that China TransInfo's TransPLE provides the highest accuracy and reliability in this niche and expect to realize commercialization in 2010."

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

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

     Mr. Shaun Smolarz, Financial Writer
     Email: shaun.smolarz@ccgir.com
     Phone: +1-646-701-7444

     Mr. Crocker Coulson, President
     Email: crocker.coulson@ccgir.com
     Phone: +1-646-213-1915

SOURCE China TransInfo Technology Corp.



RELATED LINKS

http://www.chinatransinfo.com


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