Hollysys Automation Technologies Receives Award From The PRC Ministry Of Railway

Oct 8, 2007

Beijing, China – October 8, 2007 – Hollysys Automation Technologies, Ltd. (“Hollysys”) today announced that the PRC Ministry of Railway has presented Beijing HollySys, Hollysys’ operating subsidiary in China, with its First Class Award for Quality, Satisfactory Services and Overall Performance for its rail automation control system. This is the highest recognition given by the PRC Ministry of Railway and confirms the quality of the Hollysys rail automation control system.


Dr. Wang Changli, Hollysys’ Chief Executive Officer commented, “Receiving the First Class Award from the Ministry of Railway is a very important milestone for Hollysys. This coveted award was based on the consistent high performance of our installation over a multi-year evaluation by the authorities and confirms the quality, reliability and performance of our rail automation system.”


Dr. Wang continued, “China has about 6% of the world’s track but moves over 25% of the world’s cargo. Over the next 10 years the PRC Ministry of Railway is expected to add over 6,000 miles of track and upgrade an additional 6,000 miles to help alleviate the over-burdened rail system. This surge in activity is creating a huge demand for control systems and as a company whose products and services have been recognized as superior by the Ministry of Railway, we expect that Hollysys will receive a substantial portion of the control system contracts related to this expansion.”


About Hollysys

Hollysys has become one of the leading automation systems providers in the PRC, developing a number of core technologies and completing over 4700 projects utilizing a wide array of automation products. The Company specializes in the research, development, production, sale and distribution of industrial automation and control systems, competing effectively with both domestic Chinese companies and large, multinational participants in the industrial, rail and nuclear power sectors.

For further information: CONTACT: Jennifer Zhang or Serena Wu Investor Relations & Corporate Communications P.R. China: +86(10) 5898-1386 United States: +1(646) 593-8125 Email: mailto: investors@hollysys.com