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News Article | April 28, 2017
Site: marketersmedia.com

SHENZHEN, CHINA / ACCESSWIRE / April 28, 2017 / China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad and information distribution systems in China, today reported that, for the year ended December 31, 2016, the company had revenue of $10,193,590, a 1 percent decrease on revenue of $10,284,868 in 2015. This decrease was mainly due to a year-over-year drop of about $1.5 million in revenue contributed by CNIT's government-oriented IT systems business - a segment the company continues to de-emphasize - offset in large part by increased revenue of about $1.4 million contributed by CNIT's privately-focused cloud-based technology solutions segment. As a result, however, of a year-over-year increase in cost of revenue of approximately $1.2 million, gross profit as a percentage of revenue for 2016 fell to 25.4 percent from 38.0 percent in the prior year. Nevertheless, in 2016, CNIT cut its loss from operations to $14,577,928, a 46 percent reduction from its 2015 loss from operations of $26,963,357. This improvement resulted primarily from year-over-year decreases of roughly $2.9 million in administrative expenses, $1.3 million in selling expenses, $0.4 million in R&D expenses, and $4.5 million in impairment of intangible assets and goodwill. Due to assorted non-recurring factors, though, the company had a net loss in 2016 of $18,170,601, or ($.45) per share, compared to a net loss of $7,504,262, or ($.22) per share, in 2015. The most prominent of these factors impacting 2016's bottom line results was the company's loss for that year on sale of deposits for land use rights of $2.8 million versus $0 in 2015. The most prominent factors mitigating CNIT's 2015 net loss was the sale in that year of the company's factory real estate property, which resulted in a gain on sale of assets of approximately $30.0 million versus $0 in 2016, as well as the company's 2015 income from discontinued operations of $1.5 million versus $0 in 2016. CNIT reduced its short-term debt to $7.80 million at year-end 2016, from $15.27 million at the end of 2015. The company's cash on hand at the end of 2016 was $3.75 million compared to $3.79 million a year earlier. Among the company's most important milestones in 2016, said CNIT, was its commercialization of a cloud-based new media ecosystem comprised of a cloud platform, proprietary intelligent display terminals, and a proprietary USB adaptor that easily transforms any kind of display terminal into a cloud-based IoT terminal and links it to CNIT's cloud platform. This, in turn, allows this terminal to access the company's Yunfa Net advertising content delivery system (www.cnitiot.com), which permits a customer to create reduced-cost ads on a PC or mobile app, instantly transmit them to the terminal, and receive feedback from the terminal on which ads it is displaying. These features enable customers to precisely measure the effectiveness of an ad upon a targeted audience. As a result of this offering, said CNIT, both the number of subscribers to Yunfa Net and the digital ad terminals connected to the company's cloud network in 2016 increased significantly. Regarding 2017, said CEO Mr. Jianghuai Lin, the company's steady migration to higher-margin cloud-based solution opportunities like Yunfa Net and its recently introduced IoT elevator safety system, Yunti Guard, should allow CNIT to achieve "break-even status or moderate profitability in the second half of the year." Mr. Lin added that he believes the company's current cash and cash equivalents, anticipated cash flows from operations in 2017, and additional availability under its borrowing facilities will be sufficient to meet CNIT's operating and financial obligations for the remainder of the calendar year. "We are confident that 2017 will be the year in which CNIT turns the corner and begins to bloom as one of China's better known providers of important cloud-based technologies for elevator safety and advertising communications." For additional information on CNIT's 2016 performance, please see the company's 20-F filing at http://www.chinacnit.com/Relation/SecFill. China Information Technology, Inc. (CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, elevator safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com. This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Deposit for purchase of land use rights Loss on sale of deposits for land use rights (5,858,770 ) Change in fair value of warrant liability (29,752,298 ) Less: Net loss (income) attributable to the non-controlling interest NET LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY $ (29,752,298 ) Adjustments to reconcile net loss to net cash used in operating activities from continuing operations: Provision for losses on accounts receivable and other current assets Amortization of intangible assets and land use rights (Gain) loss on sale of property and equipment and land use rights Loss on disposal of deposit for land use rights (4,603,763 ) Change in fair value of warrants liability Changes in operating assets and liabilities, net of effects of business acquisitions and dispositions: (12,514,459 ) Net cash used in operating activities from discontinued operations Proceeds from sale of property and equipment (638,723 ) Cash received from sale of Zhongtian and Geo Cash received for sale of assets held for sale Net cash provided by (used in) investing activities from discontinued operations Decrease (increase) in restricted cash in relation to bank borrowings Net cash (used in) provided by financing activities from continuing operations Net cash (used in) provided by financing activities from discontinued operations Net cash (used in) provided by financing activities Effect of exchange rate changes on cash and cash equivalents Less cash and cash equivalents from discontinued operations CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period SHENZHEN, CHINA / ACCESSWIRE / April 28, 2017 / China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms and internet-based ad and information distribution systems in China, today reported that, for the year ended December 31, 2016, the company had revenue of $10,193,590, a 1 percent decrease on revenue of $10,284,868 in 2015. This decrease was mainly due to a year-over-year drop of about $1.5 million in revenue contributed by CNIT's government-oriented IT systems business - a segment the company continues to de-emphasize - offset in large part by increased revenue of about $1.4 million contributed by CNIT's privately-focused cloud-based technology solutions segment. As a result, however, of a year-over-year increase in cost of revenue of approximately $1.2 million, gross profit as a percentage of revenue for 2016 fell to 25.4 percent from 38.0 percent in the prior year. Nevertheless, in 2016, CNIT cut its loss from operations to $14,577,928, a 46 percent reduction from its 2015 loss from operations of $26,963,357. This improvement resulted primarily from year-over-year decreases of roughly $2.9 million in administrative expenses, $1.3 million in selling expenses, $0.4 million in R&D expenses, and $4.5 million in impairment of intangible assets and goodwill. Due to assorted non-recurring factors, though, the company had a net loss in 2016 of $18,170,601, or ($.45) per share, compared to a net loss of $7,504,262, or ($.22) per share, in 2015. The most prominent of these factors impacting 2016's bottom line results was the company's loss for that year on sale of deposits for land use rights of $2.8 million versus $0 in 2015. The most prominent factors mitigating CNIT's 2015 net loss was the sale in that year of the company's factory real estate property, which resulted in a gain on sale of assets of approximately $30.0 million versus $0 in 2016, as well as the company's 2015 income from discontinued operations of $1.5 million versus $0 in 2016. CNIT reduced its short-term debt to $7.80 million at year-end 2016, from $15.27 million at the end of 2015. The company's cash on hand at the end of 2016 was $3.75 million compared to $3.79 million a year earlier. Among the company's most important milestones in 2016, said CNIT, was its commercialization of a cloud-based new media ecosystem comprised of a cloud platform, proprietary intelligent display terminals, and a proprietary USB adaptor that easily transforms any kind of display terminal into a cloud-based IoT terminal and links it to CNIT's cloud platform. This, in turn, allows this terminal to access the company's Yunfa Net advertising content delivery system (www.cnitiot.com), which permits a customer to create reduced-cost ads on a PC or mobile app, instantly transmit them to the terminal, and receive feedback from the terminal on which ads it is displaying. These features enable customers to precisely measure the effectiveness of an ad upon a targeted audience. As a result of this offering, said CNIT, both the number of subscribers to Yunfa Net and the digital ad terminals connected to the company's cloud network in 2016 increased significantly. Regarding 2017, said CEO Mr. Jianghuai Lin, the company's steady migration to higher-margin cloud-based solution opportunities like Yunfa Net and its recently introduced IoT elevator safety system, Yunti Guard, should allow CNIT to achieve "break-even status or moderate profitability in the second half of the year." Mr. Lin added that he believes the company's current cash and cash equivalents, anticipated cash flows from operations in 2017, and additional availability under its borrowing facilities will be sufficient to meet CNIT's operating and financial obligations for the remainder of the calendar year. "We are confident that 2017 will be the year in which CNIT turns the corner and begins to bloom as one of China's better known providers of important cloud-based technologies for elevator safety and advertising communications." For additional information on CNIT's 2016 performance, please see the company's 20-F filing at http://www.chinacnit.com/Relation/SecFill. China Information Technology, Inc. (CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, elevator safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com. This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: Deposit for purchase of land use rights Loss on sale of deposits for land use rights (5,858,770 ) Change in fair value of warrant liability (29,752,298 ) Less: Net loss (income) attributable to the non-controlling interest NET LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY $ (29,752,298 ) Adjustments to reconcile net loss to net cash used in operating activities from continuing operations: Provision for losses on accounts receivable and other current assets Amortization of intangible assets and land use rights (Gain) loss on sale of property and equipment and land use rights Loss on disposal of deposit for land use rights (4,603,763 ) Change in fair value of warrants liability Changes in operating assets and liabilities, net of effects of business acquisitions and dispositions: (12,514,459 ) Net cash used in operating activities from discontinued operations Proceeds from sale of property and equipment (638,723 ) Cash received from sale of Zhongtian and Geo Cash received for sale of assets held for sale Net cash provided by (used in) investing activities from discontinued operations Decrease (increase) in restricted cash in relation to bank borrowings Net cash (used in) provided by financing activities from continuing operations Net cash (used in) provided by financing activities from discontinued operations Net cash (used in) provided by financing activities Effect of exchange rate changes on cash and cash equivalents Less cash and cash equivalents from discontinued operations CASH AND CASH EQUIVALENTS FROM CONTINUING OPERATIONS, end of period


— ReportsnReports.com has added a report “The 5G Wireless Ecosystem: 2017 – 2030 – Technologies, Applications, Verticals, Strategies & Forecasts” which says, despite the lack of sufficient LTE coverage in parts of the world, mobile operators and vendors have already embarked on R&D initiatives to develop 5G, the next evolution in mobile networks. 5G is expected to provide a single network environment to deliver not only existing mobile broadband and IoT services, but also new innovations such as self-driving cars, cloud robotics, 3D holographic telepresence and remote surgery with haptic feedback. At present, the 3GPP and other SDOs (Standards Development Organizations) are engaged in defining the first phase of 5G specifications. However, pre-standards 5G network rollouts are already underway, most notably in the United States and South Korea, as mobile operators rush to be the first to offer 5G services. Research estimates that by the end of 2017, pre-standards 5G network investments are expected to account for over $250 Million. Although 2020 has conventionally been regarded as the headline date for 5G commercialization, the very first standardized deployments of the technology are expected to be commercialized as early as 2019 with the 3GPP's initial 5G specifications set to be implementation-ready by March 2018. Between 2019 and 2025, we expect the 5G network infrastructure market to aggressively grow a CAGR of nearly 70%, eventually accounting for $28 Billion in annual spending by the end of 2025. These infrastructure investments will be complemented by annual shipments of up to 520 Million 5G-capable devices. List of Companies Mentioned in Report 5G Wireless Ecosystem Market : 3GPP (Third Generation Partnership Project), 5G Americas, 5G Forum, South Korea, 5G PPP (5G Infrastructure Public Private Partnership), 5G TSA (5G Open Trial Specification Alliance), 5GAA (5G Automotive Association), 5GMF (Fifth Generation Mobile Communications Promotion Forum, Japan), 5GRUS, 5GTF (5G Technical Forum), 5GTR (Turkish 5G Forum), Alcatel-Lucent, Alpental Technologies, Alphabet, América Móvil, Anatel (Agencia Nacional de Telecomunicacoes), Arcep, Argela, ARIB (Association of Radio Industries and Businesses), Arqiva, Ascenta, AT&T, AT&T Mexico, Athena Wireless Communications, ATIS (Alliance for Telecommunications Industry Solutions), Avanti Communications, AVC Networks Company, Batelco, Bell Canada, BMW Group, Broadband Forum, BT Group, C Spire, CableLabs, CAICT (China Academy of Information and Communications Technology), CCSA (China Communications Standards Association), CEA (French Alternative Energies and Atomic Energy Commission), CEA Tech, CEA-Leti, CEPT (European Conference of Postal and Telecommunications Administrations), China Mobile, China Telecom, China Unicom, Chunghwa Telecom, Cisco Systems, CITEL (Inter-American Telecommunication Commission), Claro Brasil, CMHK (China Mobile Hong Kong), CMRI (China Mobile Research Institute), CNIT (Italian National Consortium for Telecommunications) The report covers the following topics: • 5G NR (New Radio) and NextGen (Next Generation) system architecture • Market drivers and barriers to the adoption of 5G networks • 5G requirements, usage scenarios, vertical markets and applications • Key enabling technologies including air interface design, higher frequency radio access, advanced antenna systems, flexible duplex schemes, D2D (Device-to-Device) connectivity, dynamic spectrum access, self-backhauling and network slicing • Complementary concepts including NFV, SDN, hyperscale data centers, Cloud RAN, satellite communications and aerial networking platforms • Case studies and review of mobile operator 5G commitments • 5G standardization, development and research initiatives • Analysis of spectrum availability and allocation strategies for 5G networks • Competitive assessment of vendor strategies • Review of investments on R&D and pre-standards 5G networks • Standardized 5G infrastructure, user equipment and operator service forecasts till 2030 Market forecasts are provided for each of the following submarkets and their subcategories: • 5G R&D Investments • Pre-Standards 5G Network Investments • Standardized 5G Infrastructure Investments • Standardized 5G User Equipment Investments • 5G Operator Services About Us ReportsnReports.com is single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. For more information, please visit http://www.reportsnreports.com/reports/917281-the-5g-wireless-ecosystem-2017-2030-technologies-applications-verticals-strategies-forecasts.html?utm_source=marketersmedia&utm_medium=giti


Pintus P.,Sant'Anna School of Advanced Studies | Pintus P.,CNIT
Optics Express | Year: 2014

In this work, a dielectric waveguide mode solver is presented considering a general nonreciprocal permittivity tensor. The proposed method allows us to investigate important cases of practical interest in the field of integrated optics, such as magneto-optical isolators and anisotropic waveguides. Unlike the earlier developed mode solver, our approach allows for the precise computation of both forward and backward propagating modes in the nonreciprocal case, ensuring high accuracy and computational efficiency. As a result, the nonreciprocal loss/phase shift can be directly computed, avoiding the use of the perturbation method. To compute the electromagnetic modes, the Rayleigh-Ritz functional is derived for the non-self adjoint case, it is discretized using the node-based finite element method and the penalty function is added to remove the spurious solutions. The resulting quadratic eigenvalue problem is linearized and solved in terms of the propagation constant for a given frequency (i.e., γ-formulation). The main benefits of this formulation are that it avoids the time-consuming iterations and preserves the matrix sparsity. Finally, the method is used to study two examples of integrated optical isolators based on nonreciprocal phase shift and nonreciprocal loss effect, respectively. The developed method is then compared with the perturbation approach and its simplified formulation based on semivectorial approximation. © 2014 Optical Society of America.


News Article | December 13, 2016
Site: www.cemag.us

Graphene is an ideal material for optical communications systems. A new, waveguide-integrated photodetector design sets a record high bandwidth for ultrafast, high data rate graphene devices. Graphene-based technologies are proving integral to the new generation of communications — enabling high performance optical communication systems through ultra-fast and compact optoelectronic devices. Researchers from the Graphene Flagship working at TU Vienna in Austria and AMO in Germany have demonstrated ultrafast photodetectors that have the highest reported bandwidth for graphene-based devices, enabling data rates of up to 100 Gbit/s. The research, recently published in Nano Letters, points the way towards graphene applications in high-speed communications systems. Modern telecommunications systems are built on the conversion of light into electrical signals, for example in optical links in fiber-optic communications systems. Photodetectors within these systems convert light into voltage signals, which are then processed for use in computers, phones, and other devices. Current optical detection systems are based on silicon and other semiconductors such as germanium, and are reaching their limits in terms of speed and bandwidth. Simone Schuler, a researcher at TU Vienna, explained the importance of increasing data capabilities. “These kinds of photodetectors are typically used in optical data links, which form the back-bone of the Internet. The maximum operation speed of a photodetector defines the maximum data rate the detector can receive. So, the faster the photodetector the more data it can receive.” As more and more devices are connected to each other, the demands on large-scale communications systems grow rapidly. Next generation communications systems must be able to handle the large number of connected devices in the Internet of Things (IoT), so faster optical detection and higher bandwidths are needed to keep data transfer reliable between all connections. As well as the internet and next generation mobile communications, such as 5G, such photodetectors also have applications in radar for industrial automation, known as Industry 4.0. Graphene’s properties make it ideal for next-generation optoelectronics and optical communications systems. Its excellent electrical properties and broadband optical absorption are highly suited for high-performance optoelectronic devices, and it can be readily integrated with silicon photonic systems. The photodetector demonstrated here is highly sensitive, due to its very compact structure. This enables the use of such detectors alongside other opto-electronic devices including switches in functionally dense, integrated chips. “This could open the path towards a complete integration on one CMOS chip. Graphene will be the enabling material for realizing high performance photodetectors on a silicon platform,” adds Schuler. In the new photodetectors, light is guided into a slot waveguide that is covered with graphene. Under specific electrical conditions in the graphene, in which the graphene acts as semiconductor junction, the light in the waveguide generates a current in the graphene via the photothermoelectric effect, converting light into an electrical signal. The sensitivity of the detector can be tuned electrically without compromising the speed, enabling the high bandwidth and ultrafast data rate. Speaking about this new photodetector design, another of the paper’s authors, Daniel Neumaier of AMO says, “This is an important step towards high performance on-chip photo-detectors, demonstrating that competitive speed and sensitivity can be achieved in graphene photodetectors in a highly controlled way.” On-chip integration of different graphene-enable technologies is an important focus of the Graphene Flagship. Neumaier leads the Graphene Flagship Electronics and Photonics Integration Division and Work Package Electronic Devices, and is a member of the Flagship Management Panel and Executive Board. In order to take new technology such as this to direct, real-world applications in communications networks, it must be possible to put the technology onto optoelectronic chips. “The next step towards applications will be the transition into a CMOS line, which is one focused activity in the Electronics and Photonics Integration Division of the Graphene Flagship project,” says Neumaier. CMOS manufacture has strict requirements for materials and processing, so translating laboratory techniques into methods suitable for chip production is very tricky. Marco Romagnoli, of the National Consortium for Telecommunications (CNIT), Italy, is the leader of the Graphene Flagship Wafer-Scale Systems Integration Work Package, and spearheading the development of silicon-compatible processes for mass production of graphene-based electronics. “We are developing the key building blocks to be integrated in graphene photonic circuits. This detector is a good example of design compliant with the platform under development in the Flagship, and the combination of good performance with technological compatibility is key to move forward in the progress of graphene technology for electronics and photonics applications,” he says. This research is a prime example of the way graphene can provide improvements over existing optoelectronic technologies, both in terms of performance and compactness. Frank Koppens, of the Institute of Photonic Sciences, Spain, is leader of the Flagship’s Optoelectronics and Photonics Work Package. “This work has shown record-high performance and operation with zero dark current. It’s a major step forward for the Flagship program that aims at developing the components (detectors, modulators) for a fully CMOS-integrated optical data-communication platform,” he says. Andrea Ferrari, Science and Technology Officer of the Graphene Flagship and Chair of its Management Panel, says, "Graphene photonics and optoelectronics is clearly one of the strongest areas for mid-term development. The Graphene Flagship has made significant investment in pioneering large scale integration of optoelectronic components based on graphene and related materials. This is a key step to enable their widespread uptake in the future of data com and IoT areas. This result clearly shows that we are on the right track on our technology roadmap" The Graphene Flagship is dedicated to exploring the potential for graphene and related materials in new technologies in a wide range of areas, from telecommunications and sensors to building materials and batteries. The specific properties of graphene have a lot to offer in innovative technologies, and taking graphene from the laboratory to commercial application is a cornerstone of the Graphene Flagship.


Bolla R.,University of Genoa | Repetto M.,CNIT
IEEE Communications Surveys and Tutorials | Year: 2014

The convergence towards the IP protocol has made Internet access available almost everywhere; this has leveraged new expectations about continuous and seamless communication, especially when portable devices are involved. Mobility management is a key issue in this context. The original IP specification does not account for mobility. Nevertheless, since the beginning of the Internet there has been a continuous interest in managing nomadic hosts; this has brought to a large number of approaches and protocols that have faced the problem from different perspectives. This paper reviews different approaches to mobility management that have arisen during the years. It is intended to serve as a tutorial for this topic, which draws out the lesson learned until now and depicts a comprehensive picture to foster new ideas and solutions while avoiding duplication of past work. © 2014 IEEE.


Costa F.,University of Pisa | Monorchio A.,CNIT
IEEE Transactions on Antennas and Propagation | Year: 2012

Microstrip reflectarray antennas consist of a grounded quasi-periodic array of printed elements able to compensate the phase displacement of a non-coherent electromagnetic excitation generated by a feeder. The design of reflectarray antennas is usually accomplished by tracing the reflection phase diagram of the periodic version of the printed surface, which is analogous to a high-impedance surface (HIS). Reflection losses of this periodic structure are here analyzed through a simple equivalent transmission line model. The analytical expressions of the surface impedance offered by a HIS (real and imaginary part) as a function of the imaginary part of the dielectric permittivity of the substrate are derived through well justified approximations. Some useful practical examples are then presented both for verifying the accuracy of the derived closed-form expressions and for studying the effect of the geometrical and electrical parameters of the periodic surface on the reflection losses. The dependence of the input impedance on the capacitance associated with the printed pattern is highlighted, demonstrating that highly capacitive elements (tightly coupled subwavelength elements) are preferable for minimizing reflection losses. © 1963-2012 IEEE.


The present invention relates to a method and a system for determining the position of an object which can be a passive or an active tag (140). The system comprises a plurality of anchor nodes (111,112) and a plurality of non-regenerative relays (121,122,123) of known positions. In case of an active tag, a UWB pulse signal is emitted by the tag and received by the anchor nodes either directly or via a relay. In case of a passive tag, UWB pulse signals are sent by the anchors nodes and reflected back, either way being either a LOS path or a relayed path. A processing node (130) collects the signals received by the anchor nodes (111,112) to estimate the position of the tag.


News Article | November 28, 2016
Site: marketersmedia.com

SHENZHEN, CHINA / ACCESSWIRE / November 28, 2016 / China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital ad delivery and other internet-based information distribution systems, today said it has signed a contract with Shenzhen Smart Elevator IoT Co., Ltd., a joint venture 10 percent owned by CNIT, for the sale of 50,000 sets of CNIT elevator IoT products. The parties also agreed to work together to reach an agreement for the sale of 10,000 CNIT cloud-based elevator ad terminals with built-in IoT capability. The equipment is expected to be installed over the next year in Tianjian Municipality and Guangdong Province. CNIT will receive revenue on this sale as well as additional revenue expected to result from its Yunfa Net ad content delivery, IoT-based elevator maintenance and other big data services. "We are excited to participate in yet another joint venture vehicle with which to market our IoT and cloud-based products," said CEO and chairman Mr. Jianghuai Lin. "We believe today's agreement will significantly increase CNIT's nationwide footprint for these popular products and services." "Revenue received via these Joint Venture alliances will help us turn the corner to profitability, we believe, by the middle of 2017," said the CEO. China Information Technology, Inc. (NASDAQ: CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, city safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: SHENZHEN, CHINA / ACCESSWIRE / November 28, 2016 / China Information Technology, Inc. (NASDAQ: CNIT), a provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital ad delivery and other internet-based information distribution systems, today said it has signed a contract with Shenzhen Smart Elevator IoT Co., Ltd., a joint venture 10 percent owned by CNIT, for the sale of 50,000 sets of CNIT elevator IoT products. The parties also agreed to work together to reach an agreement for the sale of 10,000 CNIT cloud-based elevator ad terminals with built-in IoT capability. The equipment is expected to be installed over the next year in Tianjian Municipality and Guangdong Province. CNIT will receive revenue on this sale as well as additional revenue expected to result from its Yunfa Net ad content delivery, IoT-based elevator maintenance and other big data services. "We are excited to participate in yet another joint venture vehicle with which to market our IoT and cloud-based products," said CEO and chairman Mr. Jianghuai Lin. "We believe today's agreement will significantly increase CNIT's nationwide footprint for these popular products and services." "Revenue received via these Joint Venture alliances will help us turn the corner to profitability, we believe, by the middle of 2017," said the CEO. China Information Technology, Inc. (NASDAQ: CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, city safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com. Safe Harbor Statement This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact:


News Article | November 10, 2016
Site: marketersmedia.com

SHENZHEN, CHINA / ACCESSWIRE / November 10, 2016 / China Information Technology, Inc. (Nasdaq: CNIT), a growing provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that the company's chairman and chief executive officer, Mr. Jianghuai Lin, has adopted a share purchase plan to purchase up to $1 million worth of the company's ordinary shares (the "Repurchase Plan"). The Repurchase Plan has been adopted in accordance with guidelines specified by Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The share purchases by Mr. Lin will be executed through a broker during a twelve-month period subject to legal requirements, prevailing market conditions and other factors, said CNIT. In accordance with the 10b5-1 rules, Mr. Lin will have no discretion over the purchase of shares under the Repurchase Plan. "This share purchase decision is based purely on my belief in CNIT's positive future," said Mr. Lin. "As the company's transition to a leading cloud-app technologies provider progresses, I believe CNIT will begin demonstrating the strong revenue growth and improving margins we have long planned for." As of June 30, 2016, CNIT had approximately 40.2 million shares outstanding, 37.7% of which were held by Mr. Lin. This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: SHENZHEN, CHINA / ACCESSWIRE / November 10, 2016 / China Information Technology, Inc. (Nasdaq: CNIT), a growing provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that the company's chairman and chief executive officer, Mr. Jianghuai Lin, has adopted a share purchase plan to purchase up to $1 million worth of the company's ordinary shares (the "Repurchase Plan"). The Repurchase Plan has been adopted in accordance with guidelines specified by Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The share purchases by Mr. Lin will be executed through a broker during a twelve-month period subject to legal requirements, prevailing market conditions and other factors, said CNIT. In accordance with the 10b5-1 rules, Mr. Lin will have no discretion over the purchase of shares under the Repurchase Plan. "This share purchase decision is based purely on my belief in CNIT's positive future," said Mr. Lin. "As the company's transition to a leading cloud-app technologies provider progresses, I believe CNIT will begin demonstrating the strong revenue growth and improving margins we have long planned for." As of June 30, 2016, CNIT had approximately 40.2 million shares outstanding, 37.7% of which were held by Mr. Lin. This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact:


News Article | November 21, 2016
Site: marketersmedia.com

SHENZHEN, CHINA / ACCESSWIRE / November 21, 2016 / China Information Technology, Inc. (Nasdaq: CNIT), a growing provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that, in a letter to shareholders, chairman and CEO Mr. Jianghuai Lin said he expected CNIT to be "moderately profitable" by the second half of next year - and that this profitability should improve steadily as the company's new cloud-based business services gain traction. The following is the complete text of Mr. Lin's letter. It is my pleasure to inform you that 2016 has been a year of remarkable progress for CNIT. During these twelve months, we have made great strides in transitioning our company from a provider of low-margin system integration for government IT projects to a respected marketer of high-margin cloud-app terminal technologies for private enterprise. In this letter I will summarize this progress and provide for you, our loyal supporters, a vision of where I believe CNIT can go in the near future. I'll begin by discussing our cloud-based elevator digital display terminals. Since last August we have signed contracts for the sale of about 50,000 of these terminals. Besides displaying local information such as news and weather, these terminals carry advertising that allows viewers to make purchases or request information about displayed products and services. Many of these terminals also have face recognition technology, enabling them to "remember" the product preferences of viewers and transmit these preferences to other terminals in the same network. So far, most of our terminals have been installed in elevators of commercial office buildings and residential apartment buildings but we are also starting to develop related products - such as a USB dongle used to upgrade existing display terminals - to retail stores, shopping malls, government office buildings, financial institutes, and other high-traffic venues. Through these efforts, we expect to expand our business and become a major "city IoT" product and service provider. During this year, we have also developed and marketed two new cloud-based business services which integrate with these terminals. The first is a content delivery system called Yunfa Net, which allows advertisers to use a PC or mobile app to design an ad and send it to any digital display terminal anywhere in China. Not only can these advertisers edit the ad and have it update automatically at specific terminals, they can also receive back from the terminal information on how many viewers actually looked at the ad and either requested information or purchased its featured products or services. Although still in its early stages, Yunfa Net was honored earlier this year by being awarded the highly esteemed Golden Peacock Award for the most innovative digital ad system in all of China - an achievement that is helping us to market this system and accelerate its adoption among major advertisers. The second follow-on service we have marketed this year is our Internet-of-Things (IoT) modules for increasing passenger safety in elevators - something our government has announced is urgently needed in China. These modules collect elevator data and transmit it to our cloud server, which then generates reports that automatically alert building management, elevator manufacturing and maintenance companies and local police in the event of emergency situations. As one of only about four or five companies with such a service, we conservatively estimate we can market it to as many as half of China's 4.26 million elevators and become a leading provider in this field by the year 2020. Both our Yunfa Net and IoT services yield far higher profit margins - nearly double - than do our sales of terminal equipment alone. These offerings are still new and thus are not expected to contribute more than 10 percent to our cloud-based revenue in 2016. But, by 2020, we are confident that at least half our revenue will come from these two sectors. Our bottom line is also being improved by our continual reduction of expenses. For example, in the first six months of this year, we reduced our interest expense by $1.9 million, our selling expense by $.7 million and our R&D expense by $.5 million, helping us cut our six-month net loss from 22 cents per share to 18 cents per share, and reduce our loss, excluding non-cash items, from 19 cents a share to only 7 cents a share, compared to the first six months of last year. How far do we think we can expand? Currently, we are selling our cloud-app terminals in 11 cities in China. By 2020, however, we expect to cover another 45 cities, bringing coverage to virtually all major metropolitan centers in China. This expansion, we believe, will also bring a major increase in adoption of our Yunfa Net system and its higher-margin revenue. We have a similar outlook for our IoT services division, which is currently selling in four provinces and municipalities, Guangdong, Tianjin, Shangdong and Jiangsu. But by 2020, we expect to be selling this service in at least 25 provinces. So, where does that leave us as far as profitability is concerned? We estimate that 2016 will likely produce a moderate net loss. The first half of 2017 will probably be slightly profitable or break even. But the second half of 2017, we estimate, will be moderately profitable - and as we continue our migration away from equipment sales and toward the higher-margin IoT and cloud-based services, this profitability should improve steadily. As we proceed on this path toward profitability, we are confident that our growth in all three of the company's business segments can be managed through cash-on-hand and cash flow from operations. If required, we also have access to additional capital through favorable loans and other credit facilities. Of course, every company can go only as far as its management team can take it. And our team, including our chief operating officer, chief technical officer and our many savvy and innovative IT technicians, are, in my opinion, among the most talented in China. Together, we are committed to achieving the many goals that lie ahead - and I offer you my personal assurance that we will devote the full extent of our energies and talents in order to make these objectives a reality. Again, thank you for your continued support of CNIT. I look forward to sharing positive news with you in the months to come. China Information Technology, Inc. (NASDAQ: CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, city safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com. This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact: SHENZHEN, CHINA / ACCESSWIRE / November 21, 2016 / China Information Technology, Inc. (Nasdaq: CNIT), a growing provider of cloud-app technologies for Internet-of-Things (IoT) platforms, digital advertising delivery and other internet-based information distribution systems throughout China, today announced that, in a letter to shareholders, chairman and CEO Mr. Jianghuai Lin said he expected CNIT to be "moderately profitable" by the second half of next year - and that this profitability should improve steadily as the company's new cloud-based business services gain traction. The following is the complete text of Mr. Lin's letter. It is my pleasure to inform you that 2016 has been a year of remarkable progress for CNIT. During these twelve months, we have made great strides in transitioning our company from a provider of low-margin system integration for government IT projects to a respected marketer of high-margin cloud-app terminal technologies for private enterprise. In this letter I will summarize this progress and provide for you, our loyal supporters, a vision of where I believe CNIT can go in the near future. I'll begin by discussing our cloud-based elevator digital display terminals. Since last August we have signed contracts for the sale of about 50,000 of these terminals. Besides displaying local information such as news and weather, these terminals carry advertising that allows viewers to make purchases or request information about displayed products and services. Many of these terminals also have face recognition technology, enabling them to "remember" the product preferences of viewers and transmit these preferences to other terminals in the same network. So far, most of our terminals have been installed in elevators of commercial office buildings and residential apartment buildings but we are also starting to develop related products - such as a USB dongle used to upgrade existing display terminals - to retail stores, shopping malls, government office buildings, financial institutes, and other high-traffic venues. Through these efforts, we expect to expand our business and become a major "city IoT" product and service provider. During this year, we have also developed and marketed two new cloud-based business services which integrate with these terminals. The first is a content delivery system called Yunfa Net, which allows advertisers to use a PC or mobile app to design an ad and send it to any digital display terminal anywhere in China. Not only can these advertisers edit the ad and have it update automatically at specific terminals, they can also receive back from the terminal information on how many viewers actually looked at the ad and either requested information or purchased its featured products or services. Although still in its early stages, Yunfa Net was honored earlier this year by being awarded the highly esteemed Golden Peacock Award for the most innovative digital ad system in all of China - an achievement that is helping us to market this system and accelerate its adoption among major advertisers. The second follow-on service we have marketed this year is our Internet-of-Things (IoT) modules for increasing passenger safety in elevators - something our government has announced is urgently needed in China. These modules collect elevator data and transmit it to our cloud server, which then generates reports that automatically alert building management, elevator manufacturing and maintenance companies and local police in the event of emergency situations. As one of only about four or five companies with such a service, we conservatively estimate we can market it to as many as half of China's 4.26 million elevators and become a leading provider in this field by the year 2020. Both our Yunfa Net and IoT services yield far higher profit margins - nearly double - than do our sales of terminal equipment alone. These offerings are still new and thus are not expected to contribute more than 10 percent to our cloud-based revenue in 2016. But, by 2020, we are confident that at least half our revenue will come from these two sectors. Our bottom line is also being improved by our continual reduction of expenses. For example, in the first six months of this year, we reduced our interest expense by $1.9 million, our selling expense by $.7 million and our R&D expense by $.5 million, helping us cut our six-month net loss from 22 cents per share to 18 cents per share, and reduce our loss, excluding non-cash items, from 19 cents a share to only 7 cents a share, compared to the first six months of last year. How far do we think we can expand? Currently, we are selling our cloud-app terminals in 11 cities in China. By 2020, however, we expect to cover another 45 cities, bringing coverage to virtually all major metropolitan centers in China. This expansion, we believe, will also bring a major increase in adoption of our Yunfa Net system and its higher-margin revenue. We have a similar outlook for our IoT services division, which is currently selling in four provinces and municipalities, Guangdong, Tianjin, Shangdong and Jiangsu. But by 2020, we expect to be selling this service in at least 25 provinces. So, where does that leave us as far as profitability is concerned? We estimate that 2016 will likely produce a moderate net loss. The first half of 2017 will probably be slightly profitable or break even. But the second half of 2017, we estimate, will be moderately profitable - and as we continue our migration away from equipment sales and toward the higher-margin IoT and cloud-based services, this profitability should improve steadily. As we proceed on this path toward profitability, we are confident that our growth in all three of the company's business segments can be managed through cash-on-hand and cash flow from operations. If required, we also have access to additional capital through favorable loans and other credit facilities. Of course, every company can go only as far as its management team can take it. And our team, including our chief operating officer, chief technical officer and our many savvy and innovative IT technicians, are, in my opinion, among the most talented in China. Together, we are committed to achieving the many goals that lie ahead - and I offer you my personal assurance that we will devote the full extent of our energies and talents in order to make these objectives a reality. Again, thank you for your continued support of CNIT. I look forward to sharing positive news with you in the months to come. China Information Technology, Inc. (NASDAQ: CNIT) is a leading Internet service company that provides integrated cloud-based solutions enabling innovation and smart living in the fields of new media, city safety management, education, etc. Through continuous innovation, CNIT is aiming to leverage its proprietary Cloud-Application-Terminal technology to level the competitive landscape in the new media industry and deliver value for its shareholders, employees, customers, and the community. To learn more, please visit http://www.chinacnit.com. This press release may contain certain "forward-looking statements" relating to the business of China Information Technology, Inc., and its subsidiaries and other consolidated entities. All statements, other than statements of historical fact included herein, are "forward-looking statements" in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminologies such as "believes", "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company and its subsidiaries and other consolidated entities or persons acting on their behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. For further information, please contact:

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