China TransInfo Announces Development Agreement With Nissan Motor Co. Ltd. for New Traffic Information System

China TransInfo Technology Corp. CTFO today announced that the Group Company's subsidiary, Beijing Zhangcheng Science and Technology Co., Ltd., has recently signed a development agreement with Nissan Motor Co. (NSANY) to work on a New Energy and Industrial Technology Development Organization project, which is the first national cooperation between China and Japan aimed at improving the use of energy efficiency and protecting the environment in China through the application of a New Traffic Information System. The two-year agreement is valued at JPY340.9 million, or approximately $4.1 million