China Information Security Technology (CPBY) Announces $6.6 Million Contract Wins
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China Information Security Technology, Inc., (Nasdaq: CPBY) announced two important contract wins totaling approximately $6.6 million.
China Information Security Technology won a strategic contract valued at approximately $3.4 million for Shenzhen's Border Control Bureau Police-use GIS Command System, and a high profile contract valued at approximately $3.2 million for Nanning City's Traffic Police Command Center Video Surveillance System. Both contracts are scheduled for completion in 2009, and therefore, the Company expects to recognize related revenue within this year.
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