Hollysys Signs Contract to Provide Proprietary Distributed Control System to Shenhua Jiujiang Power Plant

Hollysys Automation Technologies, Ltd. ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today that it has signed a contract to provide its proprietary Distributed Control System ("DCS") for 2x1052MW ultra-supercritical coal-fire power generating units to Shenhua Jiujiang Power Plant. The units are expected to go into operation at beginning of the year 2017.

The 2x1052MW ultra-supercritical coal-fire power generating units are the highest level of generating units in coal-fire power industry. In this project, Hollysys' DCS will control around 42,000 points, combined with our newest MACS K series products.

Hollysys' management commented: "We feel honored and pleasant of this contract win, which reflects the customer's recognition of our leading technology, superior solution, and high quality product and service. This is another GW level ultra-supercritical power plant DCS contract win by Hollysys, which strengthened our top place in power industry market share. Going forward, we will continue to penetrate the high-end market of power industry and other industries, strengthen customer service, improve turnkey solution customization ability, promote our long term DCS business growth, and create value for our customers and 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 3,600 employees with nationwide presence in over 60 cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai, India, and serves over 6,000 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 power plant automation and control system and other products.

Source: http://hollysys.investorroom.com

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