SHENZHEN, China, July 22 ChinaInformation Security Technology, Inc., (Nasdaq: CPBY) (''China InformationSecurity,'' ''CIST'' or the ''Company''), a leading provider of InformationSecurity and 3S (Geographic Information Systems -- GIS, Global PositioningSystems -- GPS and Remote Sensing -- RS) services in China, today announcedthat the Company has been awarded a contract to construct the Shenzhen City120 Emergency Medical Service (EMS) GIS Command and Coordination System (the''Shenzhen EMS Coordination System''), with a total contract value of $1.5million. The contract is estimated to be completed by the end of 2008.
The Shenzhen EMS Coordination System will add another module to theCompany's Police-use GIS ("PGIS") solutions, providing the mostcomprehensive solution set for emergency responders in China. The system willbe constructed using the Company's existing PGIS platform, but will addfeatures especially developed and focused on ambulatory emergency responsefunctions, similar to computer aided dispatch (CAD) systems used to support911 dispatchers in the United States. The Company expects that the new systemwill greatly improve the efficiency of Shenzhen City's 120 Emergency MedicalService (EMS) Center by better coordinating its medical resources andaccelerating its public response time, to the enhanced health and benefit ofShenzhen City residents.
The Company provides PGIS customers with specialized GIS services,including specialized mapping, geographic positioning, messaging, real-timeresource tracking and monitoring. After successful implementation of the PGISplatform, the Company also offers ongoing systems operation and supportservices, as well as application interface services that enable interactionbetween the PGIS platform and other infrastructure applications currently inuse by the PGIS customer. The Company's PGIS platform solutions currentlyoffers modules that serve Police (110), Fire (119) and Traffic Police (122).The Shenzhen EMS Coordination System represents an additional PGIS module toserve EMS (120).
''We view this contract win as a validation of our competitive position inthe Shenzhen City PGIS market,'' commented Mr. Jiang Huai Lin, CEO of ChinaInformation Security. ''We expect that the new Shenzhen EMS CoordinationSystem will strengthen our PGIS product mix and provide increasedopportunities for us to cross-sell the new product to other existing PGIScustomers. We believe that we can achieve greater success in the rapidlygrowing national market, through our strong technological capabilities,successful implementation record and industry reputation.''
About China Information Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, China Information Security isfocused on the development and implementation of large scale, high-techinformation security and 3S (Geographic Information Systems -- GIS, GlobalPositioning Systems -- GPS and Remote Sensing -- RS) related projects. TheCompany provides a broad portfolio of fully integrated solutions and services,including Information Security (First Responder Coordination Platform,Intelligent Border Control System and Residence Card Information ManagementSystem), 3S and Product Sales and Services. Through its exclusive contractualarrangement with iASPEC Software Company Limited (iASPEC), China InformationSecurity has the licenses to numerous registered and copyrighted softwareapplications in China. In addition, iASPEC is considered the Company'svariable interest entity, and its financial data and information isconsolidated into the Company's accounts. To learn more about the Company,please visit the corporate website at http://www.chinacpby.com .
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