China Information Technology, Inc. (NASDAQ: CNIT) said it has entered into a strategic partnership agreement with Sichuan CAT Internet-of-Things company, Ltd., an information technology solutions provider in Sichuan Province, to roll out CNIT´s new media elevator terminals across the Province.
CNIT expects 10,000 of the terminals to be sold and installed within the next several years, for which the company will receive one-time terminal sales and recurring monthly service fees over this period.
Equipped with CNIT´s proprietary mainboard and operating system, the terminals will display advertising and public information through Yunfa Net, the company´s cloud-based publication platform. Integrated with surveillance cameras and data collectors, the terminals will also transmit data on elevator operation to property management on a real-time basis.
China Information Technology is a leading Internet service company that makes advertising accessible and affordable for businesses of all sizes.