Hollysys Automation Technologies Confirms Its Signaling Product Free of Malfunctions During the Fatal Accident

BEIJING, July 25, 2011 /PRNewswire-Asia-FirstCall/ -- Hollysys Automation Technologies, Ltd. (Nasdaq: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, confirmed today that its high-speed rail (HSR) signaling ATPs functioned normally during last weekend's fatal accident. On the evening of July 23rd, a severe fatal accident occurred on Wen-Yong Dedicated Passenger Line (DPL) at Wenzhou area, involving D301 and D3115 trains, both with Hollysys HSR signaling ATPs installed. According to the analysis of data from multiple sources, the ATPs on the two trains provided by Hollysys functioned normally and well, and free of any malfunctions prior to the crash. MOR will announce its findings of investigation on the cause of the accident upon completion of the investigation.

The HSR signaling system is mainly consisted of two products, one is on-board ATP (Automatic Train Protection) which is installed at the front and tail end of each train, the other is ground-based TCC (Train Control Center) stationed along the railway track. ATP receives signals from TCCs stationed ahead of it to control the train movement and stoppage. On-board ATP working with ground-based TCC ensures the safety and smoothness of operation of HSR.

About Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI)

Hollysys Automation Technologies is a leading provider of automation and control technologies and applications in China that enables its diversified industry and utility customers to improve operating safety, reliability, and efficiency. Founded in 1993, Hollysys has approximately 3,000 employees with nationwide presence in 40 cities in China and serves over 1700 customers in the industrial, railway, subway & nuclear industries. Its proprietary technologies are applied in product lines including Distributed Control System (DCS) and Programmable Logic Controller (PLC) for industrial sector, high-speed railway signaling system of TCC (Train Control Center) and ATP (Automatic Train Protection), subway supervisory and control platform (SCADA), and nuclear conventional island automation and control system.

SOURCE Hollysys Automation Technologies, Ltd.