China-based Hollysys Automation Technologies has secured two contracts to provide automatic train protection (ATP) equipment and systems for trains that run at 200km/h - 250km/h and 300km/h - 350km/h, worth $34.36m and $17.11m respectively.
Hollysys will deliver the ATP equipment and systems by early 2014.
Jointly working in sync with the ground-based signalling equipment train control centre (TCC) and radio block centre (RBC), the on-board ATP signalling equipment ensures safety and reliability of railway operations.
Hollysys CEO and chairman Changli Wang said: "We are very pleased with the two significant high-speed rail ATP contract wins, which demonstrate our solid market position, leading technology and products reliability."
China's high-speed rail construction slowed down due to the reorganisation of the country's railway ministry in 2012.
From August 2013, the China Rail Corporation (CRC) began the procurement of trains.
Hollysys expects the country's investment in rail construction to rise in the second half of this year and continue over the next few years.
In August 2013, the company signed a $19.20m contract to provide its ground-based high-speed rail signalling system to the Lanzhou-Xinjiang high-speed rail line Xinjiang section.
With subsidiaries and offices in Singapore, Malaysia, Dubai and India, Hollysys has over 5,000 customers.