BEIJING, Dec. 9, 2010 /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, announced today that it participated in the 7th World Conference on High-speed Rail held in Beijing between December 7 and 9, 2010 as an exhibitor, which was the first such event held in a city outside of Europe. The conference was co-sponsored by China's Ministry of Railways and International Union of Railways.
Hollysys' high-speed rail signaling products of ATP and TCC were showcased to visitors and conference participants, in a 90 sq meter booth during this 3-day world renowned high-speed rail event, which attracted more than 2,000 government officials, corporate executives, and industry experts from all over the world.
Mr. Dejiang Zhang, China's Vice Premier, delivered the opening address at the event, saying, "Chinese government will place high-speed rail as its top priority in its initiative to drive the national strategic emerging industry development, under the safe, easy-to-use, efficient, and environment-friendly framework."
Dr. Changli Wang, CEO and Chairman of Hollysys, commented: "China is constructing the largest high-speed rail network in the world. As a leading high-speed rail signaling system provider in China, Hollysys will continue to leverage on its core competency and market leading position to capture its fair share in this unprecedented high-speed rail build-out. "
About Hollysys Automation Technologies, Ltd.
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 2,400 employees with 9 sales centers and 13 service centers in 21 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.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. 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. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. 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 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 or persons acting on its 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.
Hollysys Automation Technologies, Ltd.
Manager of Investor Relations
SOURCE Hollysys Automation Technologies, Ltd.