Hollysys Automation Technologies Announces SCADA Bidding Win of Lanzhou Subway Line 1 Valued at USD $12.26M

Hollysys Automation Technologies, Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company"), a leading provider of automation and control technologies and applications in China, announced today that it won the contract to supply its proprietary supervisory control and data acquisition system (SCADA) to Lanzhou Subway Line 1, valued at approximately USD $12.26 million or RMB 75.0 million.Lanzhou Subway Line 1 is the first line constructed in Lanzhou, including 1 control center with 18 stations and 25.9 km in total length. The trial operation is scheduled in January 2017.Hollysys is contracted to provide SCADA system based on its proprietary MACS-SCADA software platform, including software platform, system design, application development, hardware integration, installation, testing, maintenance and services. Hollysys will also provide its proprietary PLC to its PSCADA (Power SCADA) and apply total solution based on our previous successful experience in Beijing, Guangzhou, Shenzhen subway lines to ensure local customers' needs and design requirements as well as technology application are satisfied overall.Hollysys' management commented, "We are very pleased to win the bidding for the first line in Lanzhou as well as in Northeastern region to supply our proprietary SCADA systems for Lanzhou Subway Line 1. As China's subway build-up accelerates nationwide, Hollysys will continue to leverage on its solid and successful track record to gain its fair share in this booming market, further validates our well-established brand name recognition in China, and create value for our shareholders."