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Rail News: High-Speed Rail
8/4/2011
Rail News: High-Speed Rail
Hollysys to demonstrate high-speed signaling system for Chinese supplier
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Hollysys Automation Technologies recently signed a $2.1 million contract to supply its 200-250 kph high-speed rail signaling system to Ying Heng Technology (Shanghai) Co. Ltd.
Under the contract's terms, Hollysys will set up a demonstration laboratory at its Beijing facility to enable Ying Heng parent company Unitelco to study the signaling system. The technology features a ground-based train control center, on-board automatic train protection, simulation software and other components. If Unitelco purchases the signaling system, the contract would be valued at $3.2 million and include other Hollysys software.
The laboratory will pave the way for a potential partnership between Hollysys and Unitelco to provide high-speed rail signaling and control solutions to the international market, according to a prepared statement.
“We see a great fit in our potential partnership with Unitelco, in which Unitelco brings its marketing and project implementation capability to the table,” said Hollysys Chairman and Chief Executive Officer Changli Wang.
Under the contract's terms, Hollysys will set up a demonstration laboratory at its Beijing facility to enable Ying Heng parent company Unitelco to study the signaling system. The technology features a ground-based train control center, on-board automatic train protection, simulation software and other components. If Unitelco purchases the signaling system, the contract would be valued at $3.2 million and include other Hollysys software.
The laboratory will pave the way for a potential partnership between Hollysys and Unitelco to provide high-speed rail signaling and control solutions to the international market, according to a prepared statement.
“We see a great fit in our potential partnership with Unitelco, in which Unitelco brings its marketing and project implementation capability to the table,” said Hollysys Chairman and Chief Executive Officer Changli Wang.
