Hollysys Automation (HOLI) Wins Contract to Provide DCS for Fujian Luoyuanwan Power Plant

September 1, 2016 6:52 AM EDT

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Hollysys Automation Technologies, Ltd. (Nasdaq: HOLI) announced that it has signed a contract to provide its proprietary Distributed Control System ("DCS") for 2x1000MW ultra-supercritical coal-fire power generating units to Fujian Luoyuanwan Power Plant. The units are expected to go into operation in Oct. 2017.

Hollysys' management commented: "We feel honored and pleasant of winning the contract, which reflects the customer's recognition of our leading technology, superior solution and high quality product and service. This is another GW level ultra-supercritical power plant DCS contract win by Hollysys, which strengthened our top place in power industry market share. Going forward, we will continue to penetrate the high-end market of power industry and other industries, strengthen customer service, improve the ability of turnkey solution customization, promote our long term DCS business growth, and create value for our customers and shareholders."

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