Hollysys Automation Technologies Receives CE Mark Certification for its Large Scale Programmable Logic Controller LK Series
Jul 11, 2008
Beijing, China – July 11, 2008 – Hollysys Automation Technologies, Ltd. (“Hollysys” or the “Company”), a leading provider of industrial automation and control systems for the industrial, rail and nuclear power sectors in the People’s Republic of China, announced today that its large scale programmable logic controller (PLC) LK Series has obtained the CE Mark approval. By obtaining the CE Mark, Hollysys can now sell its PLC products in the 27 member states that comprise the European Union.
This certification indicates that the LK Series PLC products have met the requirements of a series of European regulations, including those about safety, public health, environment protection and consumer protection. CE Mark certification is mandatory for many products to be sold throughout the European Economic Area. Hollysys expects that the CE certification will open up potential opportunities to offer its products outside of the PRC.
According to an ARC Advisory Group study, the Global PLC market was valued at nearly $9 billion in 2007 and is expected to grow to more than $12 billion in 2012. The study also noted that economic growth in Asia and Eastern Europe boosted the programmable logic controller (PLC) market in 2007, and the worldwide market for PLCs is expected to grow at a compounded annual growth rate (CAGR) of 6.5% over the next five years.
Dr. Wang Changli, Hollysys’ Chief Executive Officer stated, “We are very pleased to have received this certification, which we believe to be the first step towards the potential expansion of our product offering outside of China. We believe that the LK Series PLC is an innovation for modern automation products which provides a modular, high-performance control platform suited for both continuous processes and discrete manufacturing process. It surpasses industry standards, is scalable and configurable, and enables customers to tailor it to meet their respective requirements. We believe that the CE Mark provides further validation of Hollysys’ commitment to delivering high quality products such as the LK series to the automation industry worldwide.”
Hollysys Automation Technologies has become one of the leading automation systems providers in the PRC, developing a number of core technologies and completing numerous 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. Hollysys adopts the philosophy - "concern the customers with sincerity", with the capabilities of technology innovation, it is focusing on industrial automation, covering digital railway signal & information systems, e-government, motor drive & transmission and safety control of nuclear power reactors. To know more, start here: www.hollysys.com.
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