China Public Security's Exclusive Strategic Partner, iASPEC, Granted Electronic Information Industry Development Research Funds
SHENZHEN CITY, China , Oct. 22 /Xinhua-PRNewswire-FirstCall/ -- China Public Security Technology, Inc., (OTC Bulletin Board: CPBY) (" China Public Security" or "the Company"), a leading provider of public security information technology and Geographic Information Systems ("GIS") software services, today announced that a new program called "YT based on XML Media Highway Core's Integrated Gateway Security" co-developed by iASPEC and the University of Electronic Science and Technology of China has been passed by the Ministry of National Information Industry. This program has been granted the 2007 Electronic Information Industry Development Specific Research Fund.
The Electronic Information Industry Development Specific Research Fund is advocated by the Ministry of National Information Industry to improve independent intellectual property products for those companies which have the capability to develop high technology products with extensive applications. The new program called "YT based on XML Media Highway Core's Integrated Gateway Security" co-developed by iASPEC and the University of Electronic Science and Technology of China has been praised by many experts for its technological content and extensive applications, and thus, was granted the funding.
"We are very pleased that our exclusive strategic partner, iASPEC has been granted these funds from the Ministry of National Information Industry," said Mr. Jiang Huai Lin , the Company's CEO. "This award further recognizes our strong development capability and technological strength. We plan to invest these funds to develop more advanced products to continue to broaden our strong product offering," commented Mr. Lin .
About the University of Electronic Science and Technology of China (UESTC)
The UESTC has developed into a multidisciplinary university directly under the Ministry of Education, which has Electronics Information, Science and Technology as its nucleus, Engineering as its major field, and incorporates Science, Management and Liberal Arts. The UESTC consists of 13 colleges including 29 departments, plus the Department of Physical Education and the Goldtel Software Engineering & Microelectronics School. It offers 40 undergraduate programs, 46 master-degree granting programs, and the MBA and Engineering masters programs. The UESTC has 25 specialties authorized to confer PhD and 5 for post doctorates. It is known as the only higher institute, which covers all the 6 state key disciplines in electronics and information science. The UESTC is authorized to offer 14 positions in 7 disciplines involved in the "Cheung Kong Scholars Program".
About China Public Security Technology, Inc.
Through its wholly-owned Chinese subsidiary, CPST is focused on the development and implementation of large scale, high-tech public security and Geographic Information System (GIS) related projects. The Company provides a broad portfolio of fully integrated solutions and services, including public security information technology (First Responder Coordination Platform, Intelligent Border Control and Intelligent Security Surveillance), Geographic Information System (Police-use GIS and Civil-use GIS), and e-Government Platform services, software sales and maintenance. Through its exclusive contractual arrangment with Shenzhen iASPEC Software Engineering Company Limited (iASPEC), CPST has the licenses to 16 registered and copyrighted software applications in China , and acts as iASPEC's exclusive subcontractor to all its customers. To learn more about the Company, please visit the corporate website at http://www.chinacpby.com .
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Public Security Technology, Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the ability of the Company to win new contracts and expand its market to other regions in China or otherwise achieve its commercial objectives, the business strategy, plans and objectives of the Company and its subsidiaries and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
For more information, please contact: Company Contact: Mr. Michael Lin Vice President, Investor Relations China Public Security Technology, Inc. Tel: +1-949-743-0868 Email: [email protected] Investor Relations Contact: Mr. Crocker Coulson President CCG Elite Investor Relations Tel: +1-646-213-1915 (NY office) Email: [email protected]SOURCE China Public Security Technology, Inc.
