February 16, 2009. HITT has acquired an order from China Harbour Engineering Company Ltd. for the installation of a Vessel Traffic System in the Angolese port of Lobito. The Chinese company, specialised in road and hydraulic engineering, is working on the modernisation of this Angolese port. HITT’s vessel traffic management system will contribute to the safety and efficiency of maritime traffic in the port. The system will be completed this year. HITT’s strong position in China is starting to translate into projects into emerging markets where Chinese companies such as CHEC, one of the biggest companies in its field worlwide, select HITT to supply systems for the safety and efficiency of ports and airports.
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 2008 HITT achieved a revenue of EUR 34.4 million and a net profit of EUR 1.1 million (plus a one-off EUR 3,7 million). The number of staff at year-end 2007 was 166. HITT has been listed on Euronext Amsterdam NV since June 1998.
Further information: Margaret van Kempen, telephone + 31 (0)70 3463760, mobile +31 (0)653 805 856
Profile China Harbour Engineering Company Ltd (CHEC)
China Harbour Engineering Company Ltd.(CHEC) was established in 2005 after a merger of the China Harbour Engineering Company Group and the China Road and Bridge Company into CCCC. CHECH is the major international operational division of the CCCC Group which ranks 14 on 225 Top International Contractors List of ENR – Engineering News Recording (USA). HITT’s strong position in China is starting to translate into projects into emerging markets where Chinese companies such as CHEC, one of the biggest companies in its field worlwide, select HITT to supply systems for the safety and efficiency of ports and airports. <<
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