China Transinfo Tech (NASDAQ:CTFO)

BEIJING, June 13, 2011 /PRNewswire-Asia/ -- China TransInfo Technology Corp. (NASDAQ: CTFO) ("China TransInfo" or the "Company"), a leading provider of comprehensive intelligent transportation solutions ("ITS") in China through its affiliate, China TransInfo Technology Group Co., Ltd. (the "Group Company"), today announced that the Company was awarded an RMB 20 million (approximately $3.0 million) contract to design and construct the Integrated Transportation Command & Control Center System (Phase I) (the "System") in Shenzhen.　

The System will be built utilizing advanced telecommunication and IT technology based on data provided by the Transport Committee of Shenzhen City. In accordance with the contract, China TransInfo shall design and develop a software solution for this system, including six sub-systems: screen sub-system, audio sub-system, call center sub-system, digital conference sub-system, traffic data input, process and analysis sub-system, and traffic monitoring sub-system. The project is expected to be completed by the end of July 2011. As of the end of 2010, Shenzhen City had a population of over 10.4 million people and 1.7 million civilian vehicles.

"We are very proud to win the project to construct the Shenzhen Integrated Transportation Command & Control Center System. This project is our first step into the large Shenzhen market and also illustrates our strength in core technologies and leading products," said Mr. Shudong Xia, Chairman and Chief Executive Officer of China TransInfo. "The Ministry of Transport is committed to building a comprehensive and efficient transport monitoring network during the Twelfth Five-year Plan and to further facilitating the development of transport information practical applications. With our technology advantage, leading brand and market position, our core business is well positioned for success. The Twelfth Five-Year Plan provides the intelligent transportation industry with a great market opportunity, which we plan to capitalize on to increase our market share and maintain our leading position in the industry."