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HITT

 (HITT)

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Delayed Quote. Delayed Euronext Amsterdam - 11/05 10:30:00 am
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HITT : Klein Systems Group Ltd wins three contracts

05/02/2012| 04:11am US/Eastern
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HITT's Canadian subsidiary, Klein Systems Group Ltd. wins three new contracts.

HITT'sCanadian subsidiary, Klein SystemsGroup Ltd., has won three new contracts in the United States and Australia. The Stockton Port District will implement the KleinPort Management Information System, providing fully integrated marine operations, property management and billing capabilities. The new system will allow the port to improve and automate its business processes  and increase operational efficiency.

A similar system for integrated marine operations and billing will be implemented by the Darwin Port Corporation, a government Business Division of the Northern Territory of Australia.

The Port of Los Angeles, which went live on KleinPort for billing operations in 2010, has approved funding for system enhancements to occur over the next 3 years.

The total value of these contracts is approximately 2 million Euros.

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, while also enabling significant cost reductions in infrastructure and logistics. The core activities of HITT consist of developing, selling and maintaining management & control systems and services for air and vessel traffic, and hydro-graphic and navigation systems.In 2011 HITT achieved a revenue of EUR 40.7 million and a net profit of EUR 3.4 million.The number of staff at year-end 2011 was 188. HITT has been listed on Euronext Amsterdam NV since June 1998 .

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

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