July 29, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI), a Chinese provider of automation and control technologies, said that it has been awarded a sizable contract to supply its ground-based high-speed rail signaling system to the Phase I of Tai-Zhong-Yin Railway Line, with contract value at around $12.36 million or RMB 83.80 million.

Under the terms of the contract, Hollysys will supply its ground-based high-speed railway signaling system, including Train Control Centers, Temporary Speed Restriction Servers, and Line Side Electronic Units to the Phase I of Tai-Zhong-Yin Railway Line.

Tai- Zhong-Yin Railway Line connects Taiyuan, the capital of Shanxi Province, and Yinchuan, the capital of Ningxia Province, via the city of Zhongwei in Ningxia, with 944 km in total length.

The Phase I of Tai-Zhong-Yin Railway Line is around 460 km from Taiyuan to Dingbian, with a designed traveling speed of 200km/h. The Phase I of Tai-Zhong-Yin Railway Line is scheduled for commercial operation by the end of 2010.

China-based Hollysys Automation Technologies has around 2,100 employees with nine sales centers and 13 service centers in 21 cities in China and serves over 1700 customers in the industrial, railway, subway & nuclear industries.

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