SHENZHEN, China, June 1, 2015 /PRNewswire/ -- China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions in China, today announced that the Company attended the 2015 Guiyang International Big Data Expo ("Expo") that took place in Guiyang City from May 26, 2015 through May 29, 2015. At the Expo, the Company entered into strategic partnership with the Guiyang municipal government to collaborate on the "CNIT Internet + Smart Guiyang" project. Other participants of the project include Huawei Technologies Co., Ltd. ("Huawei"), China Potevio Co., Ltd. ("China Potevio"), and Guizhou Zhiyuan IT Incubator Co., Ltd. ("Guizhou Zhiyuan").
The 2015 Guizhou Big Data Expo was an industry summit that exhibited the latest developments in big data technologies and provided a world-class platform for exchanging business ideas. Themed Big Data Security and Development in the Era of 'Internet Plus,' this year's summit attracted industry leaders from around the world such as Alibaba, Baidu, Intel, Lenovo and Microsoft. At the opening ceremony, a congratulatory letter from Premier Li Keqiang commented that China's "Internet Plus Strategy" is poised to promote innovative business models across different industries, which will help achieve medium to high-speed economic growth.
At the Expo, Mr. Zhixiong Huang, Senior VP of CNIT, signed a strategic agreement with the Guiyang municipal government according to which the Company will leverage on its proprietary Cloud-App-Terminal model and Cloud Nest data analytics to spearhead the "CNIT Internet + Smart Guiyang" project. The Company will build the "CNIT Internet + Elevator Internet of Things" platform and the "CNIT Internet + Smart Bus Stops" platform, and explore additional new media opportunities. CNIT will build a local cloud-computing center to provide technical and service support for its new media offerings in Guizhou province. Other partners include Huawei, China Potevio and Guizhou Zhiyuan, which will assist with the operation of the new media systems after the infrastructure is set up. The Guiyang municipal government is expected to assist the Company in obtaining preferential treatments from central and local governments as well as providing logistic support in office space and infrastructures.
"Big data is a technological trend that is transforming the world, and we are harnessing the power of data analytics to offer new media solutions in various fields. Our elevator new media platform mines, transfers and manages elevator operational data to improve passenger safety. Our cloud-based new media terminals integrate with Taoping Net to not only consolidate networked displays but also provide value-added data analysis for our ad agency customers. We are excited about the partnership and believe our data capabilities and Internet technologies will play a key role in building Guiyang into a Smart City," Mr. Huang commented.
About China Information Technology, Inc.
China Information Technology, Inc. (Nasdaq GS: CNIT) is on a mission to make advertising accessible and affordable for businesses of all sizes. CNIT is a leading Internet service company that provides cloud-based platform, exchange, and big data solutions enabling innovation and smart living in the education, health care, new media, finance and transportation sectors. Through continuous innovation, CNIT is leveraging its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies 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. Investors 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 and its subsidiaries and other consolidated entities or persons acting on their 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.
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China Information Technology, Inc.
Robin Yang, CFO
SOURCE China Information Technology, Inc.