BEIJING, July 24, 2012 /PRNewswire-Asia-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 has released its 5th generation DCS (Distributed Control System) which is named HOLLiAS-K. This new generation DCS is a qualitative leap over the 4th generation in terms of reliability, flexibility, and easy-to-use. The new HOLLiAS-K sets the new industry standard for reliability. HollySys has added its years of experiences in nuclear DCS into the design of HOLLiAS-K. Fully redundancy, multiple isolation and fail-safe concepts protect the system against any single-point fault. Even the misconnecting of 220VAC to I/O channel will harm the system nothing at all. HOLLiAS-K offers the customers ultimate flexibility and convenience in system design and engineering. P-to-P (Peer to Peer), C/S (Client/Server), or hybrid system architecture can be selected according to the project scale, which meet the needs of both the large and medium/small applications. Further advantages such as vertical mounting, modular connection, and tilted I/O design make the engineering and wiring more effective and deliver the customers faster and more stable field installation. To protect the investment of our existing customers, HOLLiAS-K is fully compatible with the I/O modules of HollySys legacy system. This feature could help our customers upgrade the legacy systems step by step in the future, risk-free and cost-effectively. Beyond all the advantages of its own, HOLLiAS-K also takes the role as the basic platform of HollySys automation solutions. HOLLiAS AMS (Asset Management System), Batch Control, SIS (Safety Instrumentation System), MES (Manufacturing Execution System), and other family members can be integrated seamlessly together, in order to offer our customers a total automation solution from head to toe. Dr. Changli Wang, CEO and Chairman of Hollysys, commented: "We feel very excited of the development of this new generation of our proprietary DCS, which has been our long-standing well recognized product in industrial automation market, the development of 5 th generation of our proprietary DCS is not merely a technology breakthrough by our strong R&D team, but more of a customized product innovation driven by clients' needs and market demands. This new generation DCS will be the best cost performance product in the market, and provide us more advantages competing with both multinational and domestic players and will provide us more opportunities in market competition and replacement. Leveraging our strong R&D capability, customization capability and more complete product suite including the newly developed safety system SIS (Safety Instrumentation System), we will continue to penetrate and take the absolute market leading position in the market and continue to create value for our shareholders." 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 operating safety, reliability, and efficiency. Founded in 1993, Hollysys has approximately 3,500 employees with nationwide presence in over 50 cities in China, with subsidiaries and offices in Singapore, Malaysia, Dubai, India, and serves over 3000 customers more than 10000 projects in the industrial, railway, subway & nuclear industries in China, South-East Asia, and the Middle East. Its proprietary technologies are applied in its industrial automation solution suite including Distributed Control System (DCS), Programmable Logic Controller (PLC), RMIS (Real-time Management Information System), HAMS (HolliAS Asset Management System), OTS (Operator Training System), HolliAS BATCH (Batch Application Package), HolliAS APC Suite (Advanced Process Control Package), SIS (Safety Instrumentation System), high-speed railway signaling system of Train Control Center (TCC), Automatic Train Protection (ATP), subway supervisory and control platform (SCADA), nuclear conventional island automation and control system and other products. Safe Harbor This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding: the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.