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read moreCitect wins $2.6 million Chinese software project
Stan Beer
Monday, 01 November 2004 13:39
Automation software provider, Citect, (ASX: CTL), has won a $2.6 million, contract with China Gas Company Limited, to control and monitor gas distribution to 5.5 million households in seven mainland cities.
CTL now claims to have an estimated 35 per cent share of the Asian automation market, which typically includes manufacturing and the utilities industries, and has beaten competition from US and Europe to a number of deals in the region.
Founded in Australia in 1973, CTL now has four offices in China, where it has won a number of deals including a $3 million turnkey control and automation system at Guangzhou's new airport and a $4 million worth of business in China Gas Company Limited projects, bringing the total number of major gas projects won in China to 24.
CTL shares jumped nearly 10% in brisk trading to close the day on 93c.
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