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SOURCE China Information Technology, Inc.
SHENZHEN, China, Jan. 16, 2014 /PRNewswire/ -- China Information Technology, Inc. ("CNIT" or the "Company") (Nasdaq: CNIT), a leading provider of integrated cloud-based solutions in digital education, smart family and business, public information release, and other information technology solutions in China, today announced iASPEC Geo Information Technology Co., Ltd. ("iASPEC Geo"), one of the Company's variable interest entities, has been elected as the Chairman of the newly launched Shenzhen City Big Data Industry and Innovation Alliance (the "Alliance").
The Alliance is sponsored by the Technology Innovation Committee of Shenzhen Government comprising numerous key enterprises of the Big Data industry in Shenzhen City. The Alliance aims at promoting industry collaborations and Big Data technology developments and applications in an effort to promote Shenzhen City's pioneering position in China's Big Data industry. Thanks to its strong industry experience, software development capability, and extensive successful Smart City project executions, iASPEC Geo was elected as the Chairman of the Alliance, members of which also include CCID Consulting (as vice-chairman), Tencent, Huawei, Shenzhen University, National Supercomputing Centre in Shenzhen (NSCS) and Audaque.
As a national strategic emerging industry, Big Data has received great attention from the Chinese government. The"Twelfth Five-year Plan for the National Development of Strategic Emerging Industries" clearly advocated the research and development of mass data storage, processing technology, and industrialization. The "Internet of Things Five-Year Plan" lists information processing technology as one of the top technology innovation initiatives. Smarter Cities are leveraging Big Data technology to improve infrastructure, planning and management, and human services with the goal of making cities more desirable, livable, sustainable, and green. Some specific focus areas include mass transit, utilities, environment, emergency response, big event planning, public safety, social security, and healthcare.
Mr. Jiang Huai Lin, Chairman and Chief Executive Officer of CNIT, commented, "We are highly honored and encouraged by iASPEC Geo's leading role in the Alliance, and we cherish the opportunity to work with other member companies of the Alliance which are renowned and influential in China's IT sector. We believe our growing technological and execution strengths in the Smart City arena, coupled with our business transition to "internet-based products and solutions" will inject strong momentum for the Company's sustainable future growth. We look forward to continuously creating shareholder value."
About China Information Technology, Inc.
Headquartered in Shenzhen, China, China Information Technology, Inc., through its subsidiaries and other consolidated entities, provides information technologies and cloud-based business solutions in China. The Company's cloud-based products include Smart EduCloud and Public InfoCloud; IT solutions include geographic information systems (GIS), digital public security technology (DPST), and hospital information systems (HIS). The Company's integrated hardware, software, and cloud-based services serve a variety of customers in the fields of government, education, medical, financial, commercial, communication and individual consumers. To learn more about the Company, please visit its corporate website at http://www.chinacnit.com.
Safe Harbor Statement
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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