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China TransInfo Receives RMB 4 Mln Gov't Funding

PR Newswire, 1/12/10

Beijing-based public transportation information systems provider China TransInfo Technology (Nasdaq: CTFO) has announced that it received RMB 4 mln (approximately USD 0.6 mln) in technology innovation funds from the Beijing government for the TransPLE Passenger Flow Statistic, Detecting and Analysis System.

The TransPLE, an equipment and monitoring service system launched in August 2009, tracks transit passengers in high-density areas, such as metro stations, railway stations, and airports.

Keywords: government support investment China TransInfo Technology hardware CTFO

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