China TransInfo Technology Wins a Bid to Construct Olympic Games Traffic GIS Application System
Beijing,China-- China TransInfo Technology Corp., (OTC Bulletin Board: 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 it has won a bid valued at RMB 4.73 million (approximately $0.69 million) to construct the Olympic Games Traffic GIS Application System (“Olympic GIS System”) for the Beijing Traffic Management Bureau (“BTMB”).
The Olympic GIS System is a virtual electronic information platform built on the BTMB’s existing traffic management applications. The system will enable the BTMB to track and regularly update street level traffic data within the entire urban area of Beijing. It will provide detailed street traffic management information to the BTMB to facilitate more integrated urban street traffic analysis and planning.
Designed specifically for the upcoming Olympic Games in Beijing, the system will encompass the entire Olympic Village area by the end of July 2008 to ensure effective traffic management during the Olympic Games. Following the conclusion of the Olympics, the system will be expanded to cover the entire urban area of Beijing by the end of October 2008.
“We are honored to have been selected to construct the Olympic GIS System for the Beijing Traffic Management Bureau. We are confident that our system will provide professional and high quality services throughout the duration of the Olympic Games and beyond,” said Mr. Shudong Xia, CEO of China TransInfo. “The new system will promote our brand image in the GIS market at one of the most high profile events in the world, further cementing our role as one of the top transportation information providers in China.”
Safe Harbor Statement
This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements”. These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website ( www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.