CNIT RECEIVES ORDER FOR 700 ELEVATOR AD TERMINALS IN HUIZHOU CITY
SHENZHEN, China, June 23, 2016 -- China Information Technology, Inc. (Nasdaq:CNIT), a leading provider of internet-based platforms and digital advertising services in China, today announced the receipt of an order for 700 elevator digital ad terminals to be installed in Huizhou City in Guangdong Province. This order is a follow-on to an initial contract, announced on Aug 12, 2015, for the installation of 922 of the company’s ad terminals in Huizhou.
The new 700 terminals, which will be installed in elevators in office buildings, hotels, shopping malls and residential communities beginning the second half of this year, will carry advertising targeted to diverse audience groups and enable viewers to request information about advertisers’ products and services.
In addition to sales revenue on the terminals, CNIT is expected to receive recurring monthly fees for the life of the units via Elevator Guard, the company’s elevator maintenance system providing building management entities with real-time data monitoring services and providing elevator passengers with sophisticated alarm and emergency functions.
CNIT may also receive additional revenue from customers' use of Yunfa Net (www.pubds.com), the company's cloud-based content delivery platform that enables advertisers to design ads on their PC or mobile app and transmit them to their terminals of choice.
Today's announcement follows six previous agreements signed by CNIT since last August providing for combined installation of some 42,000 terminals in 20 cities throughout China.
“We’re thrilled to have received yet another order for our elevator ad terminals,” said CNIT CEO and chairman, Mr. Jianghuai Lin. “This order confirms the popularity of our terminals in the Huizhou region and will, we believe, provide a springboard for us to capture further sales contracts for our terminals in other major cities.”
About China Information Technology, Inc.
China Information Technology, Inc. (NASDAQ: CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, city safety management, education, etc.
Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://en.chinacnit.com.
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