XI'AN, China, March 14, 2011 /PRNewswire-Asia-FirstCall/ -- Kingtone Wirelessinfo Solution Holding Ltd. ("Kingtone" or the "Company") (Nasdaq: KONE), a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announced that it has signed a three year contract with Xi'an Interactive Space Media Company (the "Client") to provide 3G wireless solutions on Interactive Taxi Cab Displays in Xi'an, Shaanxi province.
There are roughly 10,000 taxi cabs in the city of Xi'an. During the first phase of the project, Kingtone will develop interactive software solutions and install hardware in 3,100 taxis in the city. Unlike the traditional taxi cab displays which provide delayed basic information, the Company's solutions will deliver real-time highly relevant information about traffic, places of interests, restaurants, shopping centers and entertainment in the cabs. In addition, this product will enable passengers to search for local guides and ads specifically related to their destinations and find discount coupons from local vendors thanks to the built-in GPS and RFID technology. More importantly, vendors will obtain real-time and precise data on ads play times, number of hits and various other statistics through a secured web access.
"The signing of this contract on 3G-based Wireless Interactive Taxi Cab Displays further demonstrates our ability to successfully enter new sectors," said Mr. Peng Zhang, Chief Executive Officer of Kingtone. "This is a new sales model for us as we directly cooperate with private enterprises to provide solutions for individual consumers. We will continue to expand the versatility of our solutions to maintain our leadership in the 3G Wireless Application Industry".
About Kingtone Wirelessinfo Solution Holding Ltd.
Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq: KONE - News) is a leading China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. The Company's products, known as mobile enterprise solutions, extend a company's or enterprise's information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms.
For more information, please visit Kingtone's website at http: www.kingtoneinfo.com.
For investor and media inquiries, please contact:
Ms. Ying Yang, Chief Financial Officer
Kingtone Wirelessinfo Solution Holding Ltd.
Tel: +1-626-623-2575 (US)
SOURCE Kingtone Wirelessinfo Solution Holding Ltd.