Dec 16 2013
Hollysys Automation Technologies, Ltd. ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today that its proprietary ZPW-2000s Track Circuit was successful applied in Beijing's Xiaohongmen - Baiziwan trial railway line ("this line"), and passed the trail operation examination by Beijing Railway Bureau.
Track Circuit is a safety protection equipment which is designed to detect the occupying and cleanse of trains on a railway track and send out Moving Authority signal. Track circuit can be applied for both high-speed and low-speed railways tracks.
Hollysys' management commented, "We are very excited about the successful operation of our track circuit equipment in the trial line. This will expand our products providing in the railway transportation market and grow to be another revenue growth driver for Hollysys in the future. In view of the vast potential track circuit replacement opportunities in China, Hollysys will continue to explore the railway business opportunities with its leading technology, experienced team and solution capabilities, to create value for our shareholders."
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 3,800 employees with nationwide presence in over 60 cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai, India, and serves over 5,000 customers more than 20,000 projects in the industrial, railway, subway & nuclear industries in China, South-East Asia, and the Middle East. Its proprietary technologies are applied in its industrial automation solution suite including DCS (Distributed Control System), PLC (Programmable Logic Controller), RMIS (Real-time Management Information System), HAMS (HolliAS Asset Management System), OTS (Operator Training System), HolliAS BATCH (Batch Application Package), HolliAS APC Suite (Advanced Process Control Package), SIS (Safety Instrumentation System), high-speed railway signaling system of TCC (Train Control Center), ATP (Automatic Train Protection), Subway Supervisory and Control platform, SCADA (Surveillance Control and Data Acquisition), nuclear conventional island automation and control system and other products.
Source: http://www.hollysys.com/