This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Hollysys Automation Technologies Announces A Series Of Contract Wins Of Energy Management System To Reduce Energy Consumption And Waste Emission

BEIJING, June 28, 2013 /PRNewswire-FirstCall/ -- 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 signed a series of contracts recently to provide its Energy Management System ("EMS") to a few domestic chemical enterprises including COFCO Biochemical (Zhaodong) Energy Co., Limited, Henan Jinkai Group Yanhua Chemical Co., Limited, Junma Chemical Co., Limited, Jiheng Group and Henan Tianguan Biological Engineering Company Limited.

Energy Management System ("EMS") is an energy management software system used to monitor, record, analyze, and optimize the energy consumption in the process industries. Functions of EMS include energy prediction and planning, measurement, information collection and analysis, diagnosing, dispatching, energy balancing, energy optimization and etc. It can quantify the energy consumption at different stages precisely and give the managers a guidance of how to improve the energy efficiency, and set up a scientific procedure to optimize energy usage and raise productivity. It is estimated that the EMS can reduce the whole plant's energy cost by 1-3% for the same manufacturing equipments.

Dr. Changli Wang, Chairman and CEO of Hollysys, commented: "We are very excited about the series of contract wins from the energy management field, which shows it is an emerging and inspiring business in the industrial automation market in China in view of the government's more stringent regulations and incentive policies regarding energy conservation and emissions reduction.  As Hollysys has a complete suite of automation and control products and systems, we are confident that the trend of environment protection and emission reduction will provide Hollysys more opportunities. With our leading technology, rich industry experience and well recognized solutions, Hollysys will continue to penetrate and capture our fair share in industrial automation market, and create value for our shareholders."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs