Nov 11 2015
Hollysys Automation Technologies, Ltd. ("Hollysys" or the "Company"), 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 Chongqing-Wanzhou high-speed rail line("Yuwan Line"), valued at RMB 40.60 million or approximately USD $6.40 million; it also won the bidding to provide the ground-based high-speed rail signaling system and equipment to Xi'an-Chengdu high-speed rail line ("Xicheng Line") Xi'an - Jiangyou Section Sichuan Area, valued at RMB 21.93 million or approximately USD $3.45 million. Total value is RMB 62.53 million or approximately USD $9.85 million
For these two projects, Hollysys will supply the ground-based high-speed rail signaling system and equipment include Train Control Centers (TCC), 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.
Yuwan Line starts from Chongqing North Station, ends in Wanzhou North Station, with designed running speed of 200km/h to 250km/h and total length of 247 km. Xicheng Line Xi'an - Jiangyou Section Sichuan Area, with designed running speed of 200km/h to 250 km/h and total length of 166.44 km. The total length of Xi'an - Jiangyou Section is round 507 km, and this line is expected to be operated by the end of year 2017.
Hollysys' management commented: "We are pleased of the contract win to supply ground-based signaling equipment to Yuwan Line, and bidding win to supply ground-based signaling equipment to Xicheng Line which enhances our opportunities to win more railway line contracts and helps Hollysys to further penetrate southwest railway market. In the future, Hollysys will continue to work closely with China Railway Corporation and national railway authorities, leveraging its strong R&D capability, effective management, and high-quality products and service, make more contribution to China's railway construction and explore the vast rail and subway opportunities both in China and abroad, and create value for our shareholders."
Source: http://www.hollysys.com.sg/