CNIT Receives Order for 800 Elevator Ad Terminals in Four Cities
SHENZHEN, China, July 12, 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 800 elevator digital ad terminals to be installed in the cities of Tianjin, Shenzhen, Xiamen and Quanzhou.
The terminals, which will be installed in elevators in office buildings, hotels, shopping malls and residential communities during the current quarter, 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 e-Elevator, 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 seven previous agreements signed by CNIT since last August providing for combined installation of over 42,000 terminals in over 20 cities throughout China.
“This new order is further confirmation of the strong market demand for our elevator ad terminals,” said CNIT CEO and chairman, Mr. Jianghuai Lin. CNIT is now considered among the major suppliers of these products in China, he said, and expects to achieve a leading share of the elevator digital ad terminal market within the next two years.
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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