Hollysys to Provide Ground-Based Signaling Systems to Jinhua - Wenzhou High-Speed Rail Line

Hollysys Automation Technologies, Ltd., a leading provider of automation and control technologies and applications in China, announced today that it signed a contract to provide the ground-based high-speed rail signaling system and equipment to Jinhua - Wenzhou high-speed rail line, valued at RMB 58.46 million or approximately USD $9.35 million with a length of 188.8 km. Jinwen Line is expected to operate by the end of year 2015.

According to the contract, Hollysys will supply the ground-based high-speed rail signaling system and equipment, including Train Control Centers (TCC), Temporary Speed Restriction Servers (TSRS), Line-side Electronic Units (LEU) and other auxiliary equipment, which will work with the on-board signaling equipment ATP (Automatic Train Protection), as the critical control elements in the high-speed railway signaling systems to ensure the safety and reliability of the high-speed railway operation.

Jinwen Line starts from Dongxiao Station (included) to Wenzhou South Station (included) with a designed total length of 188.8 kilometers, including 9 stations along the route. Jinwen Line is an important line connecting Shanghai-Kunming high-speed railway with the eastern coastal railway in Zhejiang Province, which will improve the local rail network and make it more convenient to travel to the northeast and southwest provinces.

Hollysys' management commented: "We are pleased to win this contract to supply the ground-based signaling equipment to Jinwen Line, which enhances our opportunities to win more such railway line contracts and helps Hollysys to further penetrate southeast railway market. In the future, Hollysys will continue to work closely with the China Railway Corporation and national railway authorities, to leverage its strong R&D capability, effective management, and high-quality products and service, to make more contributions to China's railway construction and explore the vast rail and subway opportunities both in China and abroad, and to create value for our shareholders."

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