Hollysys Automation Technologies and China Railway Corporation signed a contract on the providing of Automatic Train Protection (ATP) equipment and system for high-speed trains in China, valued at approximately RMB 118.7 million or USD 19.4 million. The delivery of the products is expected to be finished by October 2015.
“Hollysys will continue to work closely with the China Railway Corporation and national railway authorities, leveraging its strong R&D capability, effective management and high-quality products and services, make more contribution to China’s railway construction and explore the vast rail and subway opportunities both in China and abroad, and create value for our shareholders,” the company says.
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