HITT to supply system to second airport Shanghai
HITT has been selected by the Air Traffic Management Bureau of China to supply a ground surveillance safety system to the 2nd airport of Shanghai.
The system will ensure a higher level of safety on the ground of Shanghai Hongqiao International Airport. Years ago HITT delivered the first system of this kind in China to Shanghai Pudong International Airport, Shanghai’s first airport. With the system at Hongqiao, the Air Traffic Management Bureau of China and the Shanghai Airport Authority will be ensured safe and efficient control and management of aircraft at both Shanghai airports.
The Chinese authorities are relying on HITT’s systems for their most important airports in Beijing and Shanghai. Airports in China are developing fast. Major international events such as the Olympic Games last year and the World Expo 2010 in Shanghai - hosting approximately 35 million visitors – are an impulse for additional investments in systems managing the safe and efficient traffic flow on airports.
Profile HITT
HITT based in Apeldoorn/the Netherlands is a leading player in the worldwide markets for traffic management and navigation systems. The company develops technology aimed at safety enhancement and traffic flow improvement, whilst also enabling significant cost reductions in infrastructure and logistics. The core activities of HITT consist of developing, selling and maintenance of management & control systems and services for air and vessel traffic and hydro-graphic and navigation systems. In 2008 HITT achieved an operating income of EUR 34 million and a net profit of EUR 1.1 million (plus a one-off EUR 3.7 million). The number of staff at year-end 2008 was 166. HITT has been listed on Euronext Amsterdam NV since June 1998 .
Further information
John H.M. van Asperen (CFO); t. +31 (55) 5432590 e: investor.relations@hitt.nl
Liability for the content of the news assumed by the issuer.
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