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China Information Security Technology Selected by the State Grid Corporation of China as Sole Domestic GIS Provider for Smart Grid

April 6, 2010

SHENZHEN, China, April 6 /PRNewswire-Asia-FirstCall/ — China Information
Security Technology, Inc. (Nasdaq: CPBY) (“China Information Security,” “CIST”
or the “Company”), a leading total solutions provider of digital security, GIS
and digital hospital information systems in China, today announced that the
State Grid Corporation of China (“SGCC”) selected the Company’s proprietary
GeoStar and GeoGlobe geographic information systems as one of its only two
suppliers for the build-out of the nationwide Smart Grid in China. CIST is the
only domestic Chinese supplier. The other supplier is ESRI, a US company.

The State Grid Corporation of China develops and operates the electric
grid providing electricity nationwide and is one of the most vital state-owned
enterprises in China. Responding to the challenges and the development of the
electric utilities industry in China, the State Grid launched a project called
“SG186″ to further strengthen its information systems to support the build-out
of the nationwide Smart Grid. The major functions for CIST’s geographic
information systems will be to integrate Smart Grid management functions on
the GIS platform as a portal and visualize the structure of the grid.

“We are very pleased to be the only Chinese domestic provider of
geographic information systems to be chosen by the State Grid Corporation of
China,” commented Mr. Jiang Huai Lin, Chairman and Chief Executive Officer of
China Information Security Technology. “This win not only demonstrates the
Company’s unmatched technological leading position in Chinese GIS sector, but
it is also a testament to the quality of our proprietary GeoStar and GeoGlobe
GIS applications, and will lead to a broader use of GIS in many provincial and
municipal level grid companies throughout China. We believe that by leveraging
our strong R&D capabilities and solid industry reputation together with the
Chinese government’s support for domestic GIS products, we will be able to
capture important market opportunities related to GIS applications in China.”

About China Information Security Technology, Inc.

China Information Security Technology, Inc., together with its
subsidiaries, is a total solution provider of digital security, geographic
information, and hospital information systems in the People’s Republic of
China
. Headquartered in Shenzhen, China, the Company’s total solutions
include specialized software, hardware, systems integration, and related
services organized into three business segments — Digital Information
Security Technology (“DIST”), Geographic Information Systems (“GIS”), and
Digital Hospital Information System (“DHIS”). To learn more about the Company,
please visit its corporate website at http://www.chinacpby.com .

Safe Harbor Statement

This press release may contain certain “forward-looking statements”
relating to the business of China Information Security Technology, Inc., and
its subsidiary companies. All statements, other than statements of historical
fact included herein are “forward-looking statements” including statements
regarding: the significance of the Company’s proprietary GIS products being
selected by the State Grid Corporation of China; the expectation that the
Chinese government’s will continue to support of the domestic GIS product
market; the general 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. 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 periodic 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.

    For further information, please contact:

    China Information Security Technology, Inc.
     Iris Yan
     Tel:   +86-755-8370-4767
     Email: ir@chinacpby.com
     Web:   http://www.chinacpby.com

    Christensen
     Kathy Li
     Tel:   +1-480-614-3036
     Email: kli@christensenir.com

     Roger Hu
     Tel:   +86-158-1049-5326
     Email: rhu@christensenir.com

SOURCE China Information Security Technology, Inc.


Source: newswire



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