China Information Technology, Inc. (NASDAQ: CNIT) said it has entered into a strategic partnership agreement with Jiangsu CAT Internet-of-Things company, Ltd. to install 10,000 of CNIT´s cloud-based elevator ad terminals across the province over the next several years.
The terminals, which will be installed primarily in office building elevators, will carry advertising targeted to specific local audiences in high-traffic areas and enable viewers to easily make purchases or request information about these advertisers´ products and services. Digital ads on the terminals can be automatically updated and linked to relevant local news and developments.
This technology is facilitated through Yunfa Net, CNIT´s cloud-based publication platform.
CNIT will receive one-time sales revenue as well as recurring monthly service fees for the life of the terminals.
CNIT´s cloud-based ad terminals have been installed in over 15 provinces and areas across China.
China Information Technology makes advertising accessible and affordable for businesses of all sizes. It provides cloud-based platform, exchange, and big data solutions enabling innovation and smart living in the education, health care, new media, finance and transportation sectors.