China Information Security Technology selected by State Grid Corporation of China
Digital security specialist China Information Security Technology (NASDAQ: CPBY) has been selected as one of only two suppliers by the State Grid Corporation of China to supply geographical information systems to the roll out of China’s smart grid.
The other company selected was US based ESRI.
The State Grid Corporation of China develops and operates the
electric grid providing electricity nationwide and is in the midst of a
large investment program to strengthen its information systems to
support the build-out of the nationwide Smart Grid.
China Information Security Technology’s geographical information
systems will be integrated into the management functions of the smart
grid.
"We are very pleased to be the only Chinese domestic provider of
geographic information systems to be chosen by the State Grid
Corporation of China," commented Mr. Jiang Huai Lin, Chairman and Chief
Executive Officer of China Information Security Technology.
"This win not only demonstrates the Company's unmatched
technological leading position in Chinese GIS sector, but it is also a
testament to the quality of our proprietary GeoStar and GeoGlobe GIS
applications, and will lead to a broader use of GIS in many provincial
and municipal level grid companies throughout China. We believe that by
leveraging our strong R&D capabilities and solid industry reputation
together with the Chinese government's support for domestic GIS
products, we will be able to capture important market opportunities
related to GIS applications in China."
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