BEIJING, Nov. 3, 2011 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (NASDAQ: CTFO), ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation systems ("ITS") in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today announced that that the Company was included in the 2011 Deloitte Technology Fast 50 China Program, being recognized as one of the top-50 fastest-growing technology companies in China. Notably, China TransInfo was one of only five companies that have been selected for three consecutive years.
In addition, China TransInfo was also included in the 2011 Forbes Asia 200 Best Under a Billion list, being recognized as one of the top-performing companies with revenue under $1 billion in the Asia-Pacific region.
"We are truly honored to receive these strong validations of our technology leadership and strong growth trend," commented Shudong Xia, Chief Executive Officer of China TransInfo. "We remain confident that we will continue to grow our business and believe that China's evolving transportation industry will provide substantial growth opportunities for our innovative products and solutions."
About Deloitte Technology Fast 50 China Program
The Deloitte Technology Fast 50 China Program ranks leading companies with headquarters in Mainland China, Macao, and Hong Kong based on their revenue growth rates over the last three years. Along with its counterparts, the Deloitte Technology Fast 50 China is a key component of the Deloitte Technology Fast 500 Asia Pacific Program, which is one of the most reputable programs for fast-growing technology companies in the Asia-Pacific region. Members of the Deloitte Technology Fast 50 China Program automatically qualify for the Deloitte Technology Fast 500 Asia-Pacific Program.
About Forbes Asia 200 Best Under a Billion
Forbes Asia selects the 200 Best Under a Billion in Asia Pacific from companies that show both sales and earnings growth. To qualify, companies must have annual revenue between $5 million and $1 billion and have been publicly traded for at least a year. This universe is then screened for earnings growth, sales growth, and return on equity during the past 12 months and over the last three years. The list selects companies from an initial pool of over 15,000 companies that have best navigated the economic volatility that began in 2008.
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 urban and highway transportation management solutions and information services. The Company is a leading transportation information products and comprehensive solutions provider, and aims to be the largest dynamic transportation information service provider and major commercial vehicles service provider in China. As the co-formulator of several transportation technology national standards, the Company owns nine patents and has won a majority of the model cases awarded by the PRC Ministry of Transportation. As a result, the Company is playing a key role in setting the standards for transportation information solutions in China. For more information, please visit the Company's website at http://www.chinatransinfo.com.
SOURCE China TransInfo Technology Corp.