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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.
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."