Hollysys Receives $16.40 Million Contract to Provide Automatic Train Protection Systems

Hollysys Automation Technologies, Ltd., a leading provider of automation and control technologies and applications in China, announced today that it signed a sizable contract to provide the Automatic Train Protection (ATP) equipment and system for 200-250km/h high-speed trains, with the contract size being approximately RMB 100.37 million or USD$ 16.40 million.

The on-board signaling equipment ATP (Automatic Train Protection) works together with the ground-based signaling equipment TCC (Train Control Center), as the critical control elements in the high-speed railway signaling system to ensure safe and reliable high-speed railway operation.

Hollysys' management commented: "We are very pleased with our continuous sizable contract wins in the high-speed rail business sector. As a well-reputed high-speed rail signaling system provider, Hollysys will leverage its strong R&D capability, solid execution and reliable products operation, to further penetrate China's railway construction market and explore international opportunities in order to create value for our shareholders."

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