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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  HITT    HITT   NL0000358158


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HITT : receives new orders in The Netherlands and Hong Kong

12/08/2011 | 04:19am US/Eastern

Apeldoorn/the Netherlands

8 December 2011

HITT receives new orders in The Netherlands and Hong Kong

Hitt has received orders for the modernisation of the Coastal AIS/VTS system of the Netherlands Coastguard Centre in Den Helder and the supply of a Solid State Radar at the new Kai Tak Cruise Terminal Building in Hong Kong. The total value of the combined orders is about EUR 5.5 million.

The order from the Netherlands Coastguard Centre (KWC) in Den Helder includes modernising the hardware and software of the existing Coastal AIS system (supplied by HITT in 2004), radar processing for the coastguard itself and a maintenance contract for three years. With the renewed (V3000) system, the Coastguard centre staff will have a more complete picture of the traffic situation at sea. The system which provides real time tracking of ships on their journey along the Dutch coast line, assists KWC in executing its tasks in the area of enforcement and rescue coordination.

In Hong Kong, HITT received an order from the local authority to provide a Solid State Radar for the new Kai Tak Cruise Terminal. The Solid State Radar, which allows for better performance at lower maintenance costs, will be integrated with the existing Vessel Traffic Control system of the Hong Kong Marine Department, the Marine Police and Customs & Excise system. HITT was selected as the supplier of the Sold State Radar for its in-depth knowledge of the existing systems in Hong Kong, built up in earlier assignments.

KaiTak Cruise Terminal Building is located on the former runway in Victoria Harbor and accommodates cruise operation facilities including customs, immigration, quarantine and police as well as other facilitating facilities. Upon its completion mid 2012, it will be able to accommodate the world's largest cruise ships. The new radar will be located on top of a 55 meter high tower.

Profile HITT

HITT is a leading player in the worldwide markets for traffic management and navigation systems. The company develops technology aimed at safety enhancement and traffic flow improvement, whilst also enabling significant cost reductions in infrastructure and logistics. The core activities of HITT consist of developing and selling management & control systems and services for air and vessel traffic and hydro-graphic and navigation systems.

In 2010 HITT achieved a revenue of EUR 36,2 million and a net profit of EUR 2,2 million. The number of staff at year-end 2010 was 162. HITT has been listed on Euronext Amsterdam NV since June 1998.

For further information

Sjoerd Jansen(CEO); t. +31 (55) 5432590         e:investor.relations@hitt.nl

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