China: China Information Security Technology (CIST) has signed a contract valued at approximately USD 5 million, to provide an intelligent traffic management system for the 16th Asian Games held in Guangzhou, China. The contract is expected to be completed and revenue recognised within the next 12 months.
Under the contract, the Company will integrate its GIS software with the existing communication and police access platforms, to realise a visualised and consolidated intelligent traffic control and management system for the Guangzhou Traffic Police Bureau. Specifically, the Company has agreed to set up 130 traffic data collection sites and 20 traffic screens on major roads affected by the Asian Games, use its proprietary GIS software to analyse such traffic data and help determine the best routes for redirecting traffic away from highly congested areas.
Jiang Huai Lin, Chairman and CEO, CIST, said, “We believe that successful implementation of this project will meet our goal of developing a single platform that will allow for effective information sharing and traffic control with data collection and decision making functions. We are confident that our expanding portfolio of capabilities will enable us to continue to differentiate ourselves and grow our business nationwide”