CNIT Receives $1 Million Cloud-based Ad Terminal Order

China Information Technology (NASDAQ:CNIT) entered into a contract for the sale of 3,000 CNIT cloud-based ad terminals.
As quoted in the press release:

To be installed in office buildings, residential communities, shopping malls and various outdoor locations throughout Tianjin Municipality, the primary industrial, commercial and economic center of North China.
Signed with advertising agency Tianjin Taoping IoT Technology Limited, the contract is expected to generate sales and service revenue to CNIT of $1 million by the first quarter of next year. The agreement – CNIT’s second in 2017 for the sale of its cloud-based ad terminals in North China – follows up the company’s $1.1 million ad terminal contract for Beijing announced in July.

Click here to read the full press release.

Source: www.accesswire.com