China Information Security Technology Wins National Surveying & Mapping Awards
October 14, 2009 - 8:00 AM EDT
China Information Security Technology, Inc., (Nasdaq:CPBY) ("China Information Security," "CIST" or the "Company"), a leading total solutions provider of digital security,geographic information, and hospital information systems in China, today announced that three of the Company's projectshave been honored with high level awards in the surveying and mapping industry in China.
The Company's "Multi-source Spatial Information Network Sharing Software Platform and Engineering Applications" project was awarded first place for the Surveying and Mapping Science and Technology Progress Award by the Chinese Society for Geodesy Photogrammetry and Cartography (the "Society") while the Company's "Zhejiang Provincial Geographic Information System" project won second place. In addition, the Company's "Nanchang Digital Garden" project was awarded third place in the Outstanding Surveying and Mapping Engineering Award. These awards are granted annually by the Society to companies and projects that have created innovative technology, found innovative and beneficial applications for existing technology, successfully adopted and developed upon foreign technology or that have achieved excellence in technological information administration, as determined by the National Science and Technology Award Principles.
Mr. Jiang Huai Lin, Chairman and CEO of CIST, commented, "We are greatly honored to receive such prestigious awards, which are the highest level awards in the Chinese surveying and mapping industry. We are greatly encouraged by the wins, which we believe demonstrate our technological strength, recognized brand name and our leading position in the GIS industry. We expect that with the Chinese government's current support of the domestic GIS product market, we will be able to leverage these awards to capture more market opportunities in the domestic digital surveying and mapping space as they arise."
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security Technology, Inc. ("CIST" or the "Company") headquartered in Shenzhen, China ("PRC"), is a leading application software developer, systems integrator and full-service Geographic Information Systems ("GIS") solutions provider to the public security and civil-use markets in China, dedicated to the use of information technology to improve public safety and information management. Its main business lines range from digital information security, to GIS, and digital hospital information systems. The Company provides a broad portfolio of fully integrated solutions and services, including its First Responder Coordination Platform, Intelligent Border Control System, Residence Card Information Management System, Police- and Civil-use GIS products, and Digital Hospital Information System, to serve the growing demand for digital geographic information, hospital and electronic medical record systems in China. Its commitment to leading-edge technology and quality assurance has won the Company numerous government and enterprise contracts throughout China. To learn more about the Company, please visit its corporate website at http://www.chinacpby.com .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the significance of the awards granted to the Company; the expectation that the Chinese government's will continue to support of the domestic GIS product market; the general ability of the Company to achieve its commercial objectives, including the ability of the Company to capture more market opportunities in the domestic digital surveying and mapping space as they arise; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. 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. Investors 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 (http://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.