China TransInfo Selected in the Construction of Pioneering National Highway Information Grid

BEIJING, April 15 /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 its majority-owned subsidiary, UNISITS Technology Corp. LTD ("UNISITS"), has been selected to design and construct a highway management program in Chongqing. This program is the pioneering project of an ambitious national program - the National Highway Information Grid.

Announced by China's Ministry of Transportation in November 2009, the National Highway Information Grid aims to build a comprehensive highway management platform in order to monitor and regulate key sections of national and provincial highways. The new platform is intended to integrate highway traffic information to strengthen the coordination, emergency control and transportation services of China's highway grid. The pioneering local highway information grid, being built in Chongqing, will set the standard for future grid projects. Chongqing's program includes a highway management platform, a comprehensive operation system, an emergency management and response system, a database system, and other supporting systems.

"Construction plan under the National Highway Information Grid project creates significant new opportunities for us in the inter-city markets. By leveraging our recent acquisition of UNISITS, its talent pool, sales networks and leading market position in the highway electronic and machinery system integration industry, we are well positioned to enter the high-margin highway information grid market," commented Mr. Shudong Xia, Chief Executive Officer of China TransInfo, "We are very proud to be selected to participate in this pioneering project, which reflects the emerging synergies from our acquisition of UNISITS. We look forward to the opportunity to set the industry standards for creating integrated transportation technologies and solutions for the National Highway Information Grid, which we believe will accelerate the Company's introduction of premium comprehensive urban transportation solutions for the highway market."

Transportation Industry Update

In early 2010, PRC's Ministry of Transportation called for a transition from infrastructure investment to construction, maintenance, management and transportation services to stimulate growth of the country's transportation industry. The future of the industry will largely be dependent upon creating and maintaining an integrated transportation system and related information technology (IT) services. The Ministry of Transportation has also decided to increase its investment in IT services to improve transportation information technology, increase transportation efficiency, and enhance transportation security supervision and emergency control capabilities.

"We are very delighted to see this critical change in the growth outlook of China's transportation industry, the increasing focus on information technology (IT) and the value created by the IT-based services," commented Mr. Xia. "As a leading solution provider in China's transportation industry, we have long believed that this directional market change was coming and, as such, have focused our efforts in enhancing technological and marketing initiatives in the urban intelligent transportation, inter-city transportation and transportation information service segments. China TransInfo will continue to strengthen our leadership in the traditional urban intelligent transportation and anticipate further synergies between China TransInfo and UNISITS in inter-city transportation in the near future. The Company's innovative, leading real-time traffic information technology and monitor platform technology represents an important competitive edge and is expected to help sustain our first mover advantage in the transportation information service segment."

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 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 any or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required update 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 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. Shaun Smolarz, Financial Writer
     Tel:   +1-646-701-7444
     Email: [email protected]

     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.