SHENZHEN, China, May 15, 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 it has entered into a strategic agreement with the Wudang District government in Guiyang City to collaborate on the "CNIT Internet + Smart Guiyang" project through applying new media solutions in elevator Internet of things, bus stops, healthcare, public transportation and residential communities, and explore cloud-based new media opportunities in fields from education, finance, healthcare, media, and transportation.
According to the agreement, the Company will leverage its proprietary Cloud-App-Terminal (CAT) model and Cloud-Nest data analytics to build the "CNIT Internet + Elevator Internet of Things" platform, the "CNIT Internet + Smart Bus Stops" platform, promote the Company's cloud-based solutions such as Cloud Media, Cloud Conferencing, Healthcare One Pass, Smart Bus Stops, and explore additional new media opportunities in fields including education, finance, healthcare, media, and transportation. The Company will build a local cloud-computing center to provide technical and service support for its new media offerings.
Assisting the deployment of CNIT new media offerings, the local government of Wudang district will provide funding support and preferential policies in company setup, local hiring, and furnishing of office space.
Mr. Jiang Huai Lin, Chairman and CEO of CNIT, commented, "After the initial success of our community-oriented services, we are excited to expand our 'Cloud-App-Terminal' new media applications to other fields in Wudang District. At the forefront of big data technology, Wudang District has tremendous growth potential for utilizing cloud-based data analytics and information integration to provide convenient and efficient lifestyle for its people. We believe our new media offerings will go a long way toward improving urban efficiency and service quality in Guiyang. We will also gradually build a data-driven ecosystem to promote the growth of big data industry and contribute toward a cloud-based Smart Guiyang."
Located in Guiyang City, Wudang District was selected among the pilot zones for the national Smart City project in 2013, and has the highest concentration of high-tech and publicly traded companies in Guizhou Province. Wudang District focuses on data analytics toward building its big data industry and becoming a Smart City.
About China Information Technology, Inc.
China Information Technology, Inc. (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.
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SOURCE China Information Technology, Inc.