XI'AN, China, Feb. 22, 2011 /PRNewswire-Asia/ -- Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq:KONE - News) ("Kingtone", or the "Company"), a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations, today announced that it has been selected as the only mobile wireless communication provider to provide comprehensive wireless tour information services for the 2011 International Horticultural Exposition (the "2011 Horticultural Expo") in Xi'an, China.
The 2011 Horticultural Expo is another large scale international gathering hosted by China following the Beijing 2008 Olympics and the Shanghai 2010 Expo. Held in the Chan-Ba Ecological District, Xi'an from April to October 2011, the exposition will last for 178 days and cover a total area of 418 hectares (6,270 mu) and 109 outdoor exhibition parks. It is expected to bring over 12 million visitors to Xi'an.
Kingtone was selected among 30 competitors from all over China because of its demonstrated ability to consistently operate at the highest technical standards within its industry. Unlike the Shanghai 2010 Expo, the 2011 Horticultural Expo is the first major world-class international event in China to use only one individual wireless information solution developer to design, implement and maintain such a comprehensive wireless solution.
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This project has also enabled Kingtone to provide its wide-ranging suite of services beyond the exposition itself. In addition to providing information services to exposition visitors and other tourists, Kingtone is developing a brand-new e-Government solution for the Chan-Ba Ecological District as well as helping Xian local authorities cope with the additional influx of visitors.
Kingtone's "Wireless Emergency Command Management System" will be used to enhance public security in Xi'an during the event. Kingtone will also design and develop an Information Management System for the 2,500 police officers of the Xi'an Railway Public Security Bureau to monitor crowd movements and ensure safety. In addition, Kingtone will upload over 50 informational applications to 12,000 local police officers' mobile phones.
As the long-time and exclusive strategic partner of China Telecom Shaanxi Co., Ltd., Kingtone was granted the right to make its software easily downloadable from e-Surfing, China Telecom's "Software Supermarket". This will be another element of future recurring revenues triggered by this exposition.
"We are very proud to have been selected as the exclusive provider of comprehensive mobile solutions in support of the 2011 Horticultural Expo. With over 140 successful installations, we are well positioned to take advantage of this opportunity to demonstrate our leadership in wireless technology not only to a domestic audience but also to visitors from all over the world. This project has already allowed us to secure collateral new business and we believe that the additional recognition of our leading-edge technology will further enhance our business prospects," said Mr. Peng Zhang, Chief Executive Officer of Kingtone Wirelessinfo Solution Holding Ltd.
About Kingtone Wirelessinfo Solution Holding Ltd
Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq:KONE - News) is a China-based software and solutions developer focused on wirelessly enabling businesses and government agencies to more efficiently manage their operations. The Company's products, known as mobile enterprise solutions, extend a company's or enterprise's information technology systems to include mobile participants. The Company develops and implements mobile enterprise solutions for customers in a broad variety of sectors and industries, to improve efficiencies by enabling information management in wireless environments. At the core of its many diverse packaged solutions is proprietary middleware that enables wireless interactivity across many protocols, devices and platforms.
For more information, please visit Kingtone's website at www.kingtoneinfo.com. The Company routinely posts important information on its website.
Safe Harbor Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including certain plans, expectations, goals, and projections, which are subject to numerous assumptions, risks, and uncertainties. These forward-looking statements may include, but are not limited to, statements containing words such as "may," "could," "would," "plan," "anticipate," "believe," "estimate," "predict," "potential," "expects," "intends", "future" and "guidance" or similar expressions. These forward-looking statements speak only as of the date of this press release and are subject to change at any time. These forward-looking statements are based upon management's current expectations and are subject to a number of risks, uncertainties and contingencies, many of which are beyond the Company's control that may cause actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company's actual results could differ materially from those contained in the forward-looking statements due to a number of factors, including those described under the heading "Risk Factors" in the Company's prospectus, dated May 14, 2010 filed with the Securities and Exchange Commission (the "SEC"), and in documents subsequently filed by the Company from time to time with the SEC including the Company's Transition Report for the transition period from December 1, 2009 to September 30, 2010 to be filed with the SEC. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable law.
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