SHENZHEN, China, June 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 the Company launched the version 1.0 of its proprietary Cloud Nest Operating System ("NOS") and began beta testing. Leveraging the Google Android OS technology, the CNIT NOS is an operating system custom built for information distribution for the new media industry. The Company believes that the launch of NOS lays the technological foundation for the Company's future growth, and demonstrates the emergence of the CNIT Internet Plus Ecosystem based on its Cloud-App-Terminal ("CAT") model.
The proprietary CAT model is an integrated application of Internet and Internet-of-Things technologies. Specially, "Cloud" refers to cloud server-based services, including networking, online file storage and backend applications. "App" refers to applications (terminal OS and cloud window) and management strategies (communication protocols and encryption algorithms) that connect terminal devices with cloud servers. "Terminal" refers to terminal devices such as digital displays and data aggregators. The Company's Taoping Net is an application platform that utilizes the CAT model, with information distribution being one of its many applications.
The new CNIT NOS offers four innovative features: 1) NOS is secure and stable as the operating system is custom built for new media applications based on the Google Android OS; 2) NOS is compatible with mainstream hardware, so third parties can easily install the NOS to connect their hardware to the Taoping Net platform; 3) NOS offers a standardized user interface that enables technology equipment positioning, electronic fence, near-field communications (NFS), and provides open interface for third-party software development kits (SDK); and 4) NOS uses remote monitoring and debugging for optimum system operation.
Mr. Lin Jiang Huai, CEO and Chairman of CNIT, said, "We are excited to launch the NOS. By launching our in-house operating system, we believe we can substantially lower cost through standardizing the design, development and production of our products. At the same time, NOS provides an independent operating system to Taoping Net, improving the compatibility of our software with third-party hardware. Going forward, we will run all of Taoping-related operating activities on our own platform."
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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