BEIJING, Aug. 19 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology
Corp., (Nasdaq: CTFO) ('China TransInfo' or 'the Company'), a leading provider
of public transportation information systems technology and comprehensive
solutions in the People's Republic of China ('PRC'), today announced that the
Company was awarded a RMB 31.8 million (approximately USD $4.7 million)
contract by the Wuhan Municipal Transportation Management Bureau to construct
a transportation management system (the 'Wuhan Project').
The Wuhan Project encompasses construction of a centralized traffic
information processing center, based on the Company's proprietary GIS
(Geographic Information System) technology. The information center will
include the complete transportation sequence for real-time traffic flow data,
including collection, access, processing, management and application. The
Wuhan Project will cover all major roads in Wuhan and is scheduled to be
completed by year-end 2009.
'We are delighted to receive this major contract, as the Wuhan municipal
government has recognized our industry leading advanced technology,' commented
Mr. Shudong Xia, Chief Executive Officer of China TransInfo. 'The Wuhan
Project significantly strengthens our presence in Wuhan, the capital city of
Hubei Province and one of the largest economic centers in southern China.
Further, the Wuhan Project will support our recently launched multi-city
real-time traffic monitoring service in Wuhan. We look forward to leveraging
our experience in Wuhan, as we continue to expand nationwide.'
About China TransInfo
China TransInfo, through its affiliate, China TransInfo Technology Group
Co., Ltd., (the 'Company') and the Group Company's PRC operating subsidiaries,
is primarily focused on providing transportation information services and
comprehensive solutions based on GIS technologies. The Company aims to become
the largest transportation information products and comprehensive solutions
provider, as well as the largest real time transportation information platform
operator and provider in China.
