Hollysys Automation Technologies Continues to Supply Its Proprietary
Automation and Control Products to Ningde Nuclear Power Station
Beijing, China – December 1, 2009 – 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 continues to supply its proprietary nuclear conventional island automation and
control products for the Ningde Nuclear Power Station #1 and #2 reactors, pursuant to a follow-on contract
signed with China Techenergy Co., Ltd. (CTEC), the 50-50 joint venture by Hollysys Automation Technologies
and China Guangdong Nuclear Power Holding Co., Ltd. (CGNPC). The USD $2 million, or RMB 13.6 million
procurement contract is the second batch in a series of order contracts granted to Hollysys for the Ningde
Nuclear Power Station project.
Dr. Changli Wang, CEO of Hollysys, commented, “We are pleased to commence supplying the 2nd batch of the
Conventional Island automation and control products for the #1 and #2 reactors of the Ningde Nuclear power
station, which is being built by our nuclear JV partner, China Guangdong Nuclear Power Holding Co. As China
continues to implement the ambitious nuclear build-out plan with more emphasis on domestic components, we
expect to leverage on our proprietary nuclear automation technology and strategic alliance with China’s largest
nuclear operator to further establish Hollysys’ leading position in this area. “
The Ningde nuclear power station in Fujian province is designed to have six one-gigawatt (GW) pressurized
water reactors using CGNPC’s proprietary CPR-1000 technology, with the total estimated cost at around USD
$13 billion, or RMB 90 billion.
About Hollysys Automation Technologies, Ltd.
Hollysys Automation Technologies is a leading provider of automation and control technologies and applications
in China that enables its diversified industry and utility customers to improve operat