September 8, 2009 (FinancialWire) — China Information Security Technology, Inc., (NASDAQ: CPBY) (Current Market Cap: $197.63 Mil.) said it has been awarded an $11 million contract for Phase I of the Shenzhen Emergency Command Digital Trunking Mobile Communications System Project.

The company said it anticipates completing this contract within the next 12 months and will recognize revenue over that period of time.

According to the contract, China Information will serve as general contractor and systems integrator for the project and will construct an emergency response communications system based on EADS Secure Network’s TETRA two-way transceiver technology. The Shenzhen Public Security Bureau’s previous analog system was limited to one speaker per channel, according to the company.

In a statement, the company said that a successful implementation will also serve as a live demonstration for similar systems that are expected to be implemented in other major cities throughout China.

China Information Security estimates that an eventual nationwide rollout can create around $450 million in new market opportunities for the company.

Shenzhen, China-based China Information Security Technology is an application software developer, systems integrator and geographic information systems solutions provider to the public security and civil-use markets in China.

The company’s main business lines range from digital information security, to GIS, and digital hospital information systems.

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