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Last updated on April 16, 2014 at 7:25 EDT

China Information Security Technology Wins Innovation Award

September 23, 2009

SHENZHEN, China, Sept. 22 /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, geographic and hospital information systems in China, today
announced that the Company’s Geographic Information Systems (“GIS”) software,
GeoStar V5.2 (“GeoStar”), was accredited as a “National Independent Innovation
Product” by the Ministry of Science and Technology (“MST”) of China.

The National Independent Innovation Products accreditation (the “Award”)
was created by the MST in order to help implement the State Council’s National
Outlines for Medium and Long-term Planning for Scientific and Technological
Development and create an incentive environment with treasury funding for
independent innovations. The Award is granted to creative companies that pilot
innovative projects in China, to products of companies in state-level
high-technology zones, as well as to products that apply recent technological
breakthroughs and have won National Science and Technology Awards. GeoStar
was among the first batch of products to ever receive this Award.

The awarded product is not only given purchase priority by the government
for use in important national projects, but the developer, creator or
manufacturer of the product also receives priority in public funding and
strong support in becoming accredited as a High Technology Enterprise with the
favorable policies and research and development support associated with such
accreditation.

The Company’s GeoStar system is one of the leading and largest-scale GIS
software series with independent intellectual property ownership in China. It
covers the whole GIS product family, from data acquisition and processing to
large database management, GIS customization and the online publication of
geographic data. GeoStar has been successfully applied in many industries,
including land resourcing, surveying & mapping, urban planning and water
conservation.

Mr. Jiang Huai Lin, Chairman and CEO of CIST, commented, “We are greatly
honored to have our GeoStar system win a National Independent Innovation
Product award. We believe that this award not only demonstrates the
state-of-the-art quality of GeoStar, but it also highlights our research and
development strengths and technical capabilities, and validates our position
as a pioneer, innovator and leader in the domestic GIS industry. We are
encouraged by this Award, which we believe will serve to further solidify our
position in the industry and competitively position us to expand our share of
the market for GIS products and services, as well as benefit from the adoption
by the PRC government of more favorable policies in support of domestically
developed GIS software products,

About China Information Security Technology, Inc.

Through its wholly-owned Chinese subsidiary, China Information Security
Technology, Inc. (“CIST” or the “Company”) headquartered in Shenzhen, China
(“PRC”), is a leading application software developer, systems integrator and
full-service Geographic Information Systems (“GIS”) solutions provider to the
public security and civil-use markets in China, dedicated to the use of
information technology to improve public safety and information management.
Its main business lines range from digital information security, to GIS, and
digital hospital information systems. The Company provides a broad portfolio
of fully integrated solutions and services, including its First Responder
Coordination Platform, Intelligent Border Control System, Residence Card
Information Management System, Police- and Civil-use GIS products, and Digital
Hospital Information System, to serve the growing demand for digital
geographic information, hospital and electronic medical record systems in
China. Its commitment to leading-edge technology and quality assurance has won
the Company numerous government and enterprise contracts throughout China. 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 the
significance of the National Independent Innovation Products accreditation
awarded to the Company’s GeoStar v5.2 product and its impact on the Company’s
business and operations, including the likelihood that the win will further
solidify the Company’s position in the industry and lead to an expansion of
market share; the business strategy, plans and objectives of the Company and
its subsidiaries, including the probability that the Company will benefit from
the adoption by the PRC government of more favorable policies in support of
domestically developed GIS software products;; 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 more information, please contact:

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

    Investor Relations Contact:
     ICR:
     Michael Tieu
     Tel:   +86-10-6599-7960
     Email: michael.tieu@icrinc.com

SOURCE China Information Security Technology, Inc.


Source: newswire