SHENZHEN, China, January 7, 2015 /PRNewswire/ — China Information Technology, Inc. (the "Company" or "CNIT") (Nasdaq GS: CNIT), a leading provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry, today entered into a strategic cooperation agreement with Lenovo Group Limited ("Lenovo"). According to the agreement, the Company was designated by Lenovo as an authorized distributor of smart education terminals integrating proprietary CNIT software and cloud platform and award-winning Lenovo hardware including servers, laptops and tablet PCs for the Chinese market.
Mr. Guangyuan Zong, Chief Marketing officer of CNIT, stated, "We are honored to collaborate with global IT giant Lenovo. After years of research and development, we have won numerous software copyrights and patents for our smart education products. Working with Lenovo attests to the superior quality of our smart education products and demonstrates our aspiration for further expansion. We believe this strategic cooperation will create value for both companies through lower production cost, improved operating efficiency and increased market share."
Mr. Hai Pan, the Account Director of Lenovo Shenzhen-Guilin branch, commented, "Integration between cloud platform, software and hardware is a necessity for the future of smart education. Working with CNIT, we aim to pool our complementary strengths to promote the growth of smart education in China."
The CNIT proprietary Smart Education platform disrupts traditional modes of teaching and learning. Related products and services include cloud-based course preparation, online campus, future classroom, campus culture wall and educational resource bank. The Company has provided its products to students and teachers in thousands of middle schools and elementary schools throughout China.
About China Information Technology, Inc.
China Information Technology, Inc. (CNIT) is on a mission to make advertising accessible and affordable for businesses of all sizes. CNIT is a leading provider of integrated cloud-based platform, exchange, and big data solutions to the Chinese new media industry. Its Internet ecosystem enables all participants of the new media community to efficiently promote brands, disseminate knowledge, and exchange resources. Through continuous innovation, CNIT is leveraging its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit www.chinacnit.com.
About Lenovo Group Limited
Lenovo (HKSE: 992) (ADR: LNVGY) is a global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. The Company’s portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps.
Safe Harbor Statement
This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
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