Hollysys Automation Technologies Announces Concord Signed a Significant Contract to Provide Electrical Installation Services for Doha Metro Phase 1 Project

Hollysys Automation Technologies, Ltd announced that the wholly owned subsidiary Concord Corporation Pte. Ltd. (“Concord”) signed a significant contract with Mitsubishi Heavy Industries Ltd. (“MHI”) to provide the engineering, supply, installation, testing and commissioning for part of Power Distribution System Package(“PDS”) for Doha Metro Phase 1.

The entire metro project is planned to construct in two phases. The first phase, which includes the Red, Gold, Blue and Green lines that Concord is undertaking works involve for Gold, Blue and Green Lines. The first phase of the project is scheduled to complete for operation in 2019, with 37 stations and 75 kilometres. The PDS construction phase will begin in October 2016 and was scheduled to commence the system trial test at the fourth quarter of 2018.

Hollysys’ management commented: “We are glad Concord won this contract. Thanks to its proven track records and extensive working business relationship with MHI which secures the opportunity in participating the construction of the Qatar Metro project. Winning this contract has set an important milestone for the company’s future expansion plan in the Middle East market. Hollysys will continue to accumulate brand name globally, expand overseas market and create value for shareholders”.

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