HITT : wins contract from Chittagong Port Authority in Bangladesh

Apeldoorn, The Netherlands, 18 June 2012

HITT WINS CONTRACT FROM CHITTAGONG PORT AUTHORITY IN BANGLADESH

HITT Traffic has been awarded the tender to supply a Vessel Traffic Management Information System (VTMIS) to the Chittagong Port Authority in Bangladesh. The contract will be realized by HITT (HK) Ltd. in the next 18 months.

A VTMIS system provides a safe and smooth flow of traffic and takes care of the planning and streamlining of the logistic processes in the port. The order in Chittagong includes the latest technology, including radars, closed circuit TV (CCTV), as well as communications and civil works that will be carried out by a local partner. Chittagong is the largest port in Bangladesh and in the Bengal Gulf an important distribution center for the region.

The contract has a value of over US$ 5 million.

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. [phone] e: [e-mail]