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July 29, 2015

Hollysys secures Chinese high-speed rail signalling contract

Hollysys Automation Technologies has received a CNY118.7m ($19.4m) contract from China Railway Corporation to supply onboard and lineside high-speed signalling equipment.

Hollysys Automation Technologies has received a CNY118.7m ($19.4m) contract from China Railway Corporation to supply onboard and lineside high-speed signalling equipment.

Under the deal, Hollysys will provide automatic train protection (ATP) equipment and systems for high-speed trains in 200km/h-250km/h and 300km/h-350km/h respectively.

"In the future, Hollysys will continue to work closely with the China Railway Corporation and national railway authorities."

The delivery of the equipment is expected to be completed by October.

The onboard signalling equipment ATP works together with the ground-based signalling equipment train control centre (TCC), as the critical control elements in the high-speed railway signalling systems to ensure the safety and reliability of the high-speed railway operation.

Hollysys management commented: "In the future, Hollysys will continue to work closely with the China Railway Corporation and national railway authorities, leveraging its strong R&D capability, effective management and high-quality products and services, make more contribution to China’s railway construction and explore the vast rail and subway opportunities both in China and abroad, and create value for our shareholders."

Hollysys provides automation and control technologies and applications in China that allows its industry and utility customers to improve operating safety, reliability and efficiency.

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