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China Information Technology Inc (CNIT.O)

CNIT.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

China Information Technology Inc announces contracts for installation of 922 new media elevator terminals in Huizhou City
Wednesday, 12 Aug 2015 06:00am EDT 

China Information Technology Inc:Says company was selected by advertising agency in China to install 922 cloud-based new media elevator terminals in Huizhou City of Guangdong Province.Revenues from these installations will be recognized through one-time terminal sales of 1.9 mln Yuan and monthly recurring platform service fees.Says terminals are expected to be installed by end of 2015.  Full Article

China Information Technology Inc enters into strategic agreement with Guizhou Dianxian Media
Tuesday, 30 Jun 2015 06:00am EDT 

China Information Technology Inc:Enters into a five-year strategic agreement with Guizhou Dianxian Media Co., Ltd. to install 10,000 units of the CNIT elevator new media terminals in Guiyang, Zunyi and other major cities of Guizhou Province.According to the agreement, the Company will provide comprehensive new media solutions including the elevator new media platform, Cloud Nest data analytics, and 21.5-inch CNIT elevator new media terminals.Dianxian Media will be responsible for the marketing and operation of the elevator new media suites, and assist in the installation of the terminals.Half of the terminals will be sold to Dianxian Media, and the other half will be rent to it, in either ways, the Company will receive monthly platform service fee from Dianxian Media.  Full Article

China Information Technology Inc signs strategic agreement with Linyi Municipal Government
Wednesday, 24 Jun 2015 06:00am EDT 

China Information Technology Inc:Has entered into strategic agreement with Linyi ("Linyi") municipal government of Shandong province.To implement the "CNIT Internet + Smart Linyi" project.According to agreement, CNIT will leverage its proprietary Cloud-App-Terminal (CAT) technology and Cloud Nest data analytics to upgrade and transform the business models of various industries from education, elevators and healthcare to new media in Linyi.  Full Article

China Information Technology Inc announces the receipt of a preliminary non-binding going private proposal
Monday, 22 Jun 2015 06:00am EDT 

China Information Technology Inc:Says receipt of a preliminary non-binding going private proposal.Proposal for price of US$4.43 per ordinary share in cash.Says intends to form a special committee consisting of independent directors to consider proposal.According to proposal letter, buyer group intends to fund consideration with combination of debt and equity financing.  Full Article

China Information Technology Inc enters into strategic agreement with Sznews.com
Tuesday, 12 May 2015 06:00am EDT 

China Information Technology Inc:Announces that it has entered into a five-year strategic agreement with Sznews.com Co., Ltd, a subsidiary of Shenzhen Press Group Limited, to collaborate on the 'Internet + Smart City' project involving industries such as healthcare, education, and transportation.Says CNIT and Shenzhen News will initially collaborate on the 'Healthy City' project.Says according to the agreement, Shenzhen News will leverage on the competitive strength of its parent company in media content and resources to operate the new media platform associated with 'Healthy Shenzhen' and other cities.  Full Article

China Information Technology Inc enters into strategic agreement with $1.6 bln Shenzhen Capital Group
Tuesday, 5 May 2015 06:00am EDT 

China Information Technology Inc:Has entered into strategic agreement with Shenzhen Capital Group Co. Ltd.Pursuant to agreement, Shenzhen Capital will collaborate with company in exploring new investment opportunities in the cloud computing technology space.It will also assist company on an as-needed basis with its market expansion throughout China.  Full Article

China Information Technology Inc signs agreement to establish Regional Cloud Computing Center in Mianyang City
Monday, 27 Apr 2015 06:00am EDT 

China Information Technology Inc:Enters into strategic agreement with the Youxian Economic Development Zone to establish the Company's regional cloud-computing center in Mianyang City of Sichuan Province.According to the agreement, the Company will leverage its proprietary Cloud-App-Terminal (CAT) model and Cloud Nest data analytics to provide cloud-computing services for customers in Mianyang and other cities of Sichuan Province.  Full Article

China Information Technology Inc announces contract for installation of 20,000
Wednesday, 21 Jan 2015 06:00am EST 

China Information Technology Inc:Company was selected by a advertising agency to install 20,000 cloud-based new media elevator terminals in Guangdong province.Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees.The terminals are expected to be installed by the end of 2017.  Full Article

China Information Technology Inc Announced Strategic Cooperation with Lenovo Group Ltd
Wednesday, 7 Jan 2015 06:00am EST 

China Information Technology Inc:Entered into a strategic cooperation agreement with Lenovo Group Ltd.According to the agreement, the company was designated by Lenovo as an authorized distributor of smart education terminals integrating CNIT software and cloud platform and Lenovo hardware including servers, laptops and tablet PCs for the Chinese market.  Full Article

China Information Technology announces contracts for installation of 10,000 New Media Elevator Terminals in Fujian Province
Wednesday, 10 Dec 2014 06:00am EST 

China Information Technology Inc:Says the company was selected by an advertising agency to install 10,000 cloud-based new media elevator terminals in Fujian province.Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees.Terminals are expected to be installed by the end of 2015 encompassing over 1,000,000 people.  Full Article