Hollysys Automation Technologies has signed an agreement with the Ministry of Railways of China ("MOR") to provide its 200-250km/h high-speed rail ATP (Automatic Train Protection) equipment. Delivery will be completed by December, 2011. The high-speed rail ATP equipment contract is valued at approximately RMB 26.60 million or US$ 4.2 million.
The on-board communication equipment ATP operates along with the ground-based communication equipment TCC (Train Control Center) as the vital control components in the high-speed railway communication systems. They guarantee the reliability and safety of the high-speed railway operation.
Hollysys, a leading supplier of automation and control technologies, has its presence in more than 40 cities in China and has offices and subsidiaries in India, Dubai, Malaysia and Singapore. It offers its services to more than 2,000 customers in the railway, industrial and subway & nuclear businesses in China, the middle east and the south-east Asia.
Dr. Changli Wang, Hollysys’ CEO and Chairman, stated that the company is happy to sign the high-speed rail ATP contract with MOR for the works that are already completed in large. He also said that currently, almost 17,000 km of high-speed rail tracks are under construction in China, and there is an immense market growth in high-speed rail signaling market for Hollysys. The entire product suite of the company’s established high-speed rail signaling systems obtained European Safety Standard certification.