Hollysys Automation Technologies to Provide Its Ground-Based High-Speed Rail Signaling System to Panjin-Yingkou Line

Hollysys Automation Technologies HOLI announced today that it has signed a contract to supply its ground-based high-speed rail signaling system to Panjin-Yingkou high-speed rail line with a designed traveling speed of 300 km/h and 107km in total length. The whole contract value is approximately US $3.03 million or RMB 19.6 million. Pursuant to the terms of the contract, Hollysys will supply its ground-based high-speed rail signaling system, including Train Control Center, Line-side Electronic Unit and other auxiliary equipments, which are expected to be delivered and installed by June 2012. Panjin-Yingkou high-speed rail line connects the two high-speed arteries in north-east region of China, via the two cities of Panjin on Beijing-Harbin high-speed rail line and Yingkou on Harbin-Dalian high-speed rail line.