In the first half year HITT recorded revenues of EUR 13.1 million (1H2007: EUR 14.8 million) and an operational net profit of EUR 0.6 million (1H2007: loss EUR 0.2 million) added to a one off result of EUR 3.6 million from the sale of subsidiaries. The order book increased to EUR 34 million. Management maintains its expectation of higher profit for continued operations over
2008 compared to 2007.

First half year 2008 review
In the field of Aviation HITT has secured orders from existing and content clients of the airports of Amsterdam, Stockholm, Copenhagen, Helsinki, Munich and Shanghai and received orders from new customers in Spain and
from the authorities of three airports in India.
Ongoing projects for the coverage of low flying traffic over the North Sea and for the airports of Cairo, Oslo, Beijing and Singapore are progressing well.
In the field of Marine Systems the largest order received concerned the replacement of the radars and subsequent system adaptations for the Scheldt Radar Chain in the Netherlands. The Waddenzee system was upgraded. The project for the Gulf of Kachchh in India suffered from delays since 2006, but has recently restarted as the Indian constructor is completing the towers which will house HITT’s equipment. Harbour management projects for Queensland, Australia and Port Everglades, USA progressed well.
The after sales and customer support on completed projects worldwide developed as expected. This part of HITT’s activities is becoming more important.
In the first half of 2008, order intake totalled approximately EUR 22 million and the order book increased from EUR 25 million to EUR 34 million, including some long-term contracts.
In February 2008, HITT concluded the disposal of its 50% participating share in the joint venture AIS Live to the other shareholder Lloyd’s Register - Fairplay of Redhill, United Kingdom. At the annual general meeting the
President of the Supervisory Board stepped down according to schedule after his 3rd term. Two new supervisory directors were appointed. In April 2008, a new managing director of Klein Systems of Vancouver, Canada was appointed. In June 2008, HITT concluded the disposal of its 100% participating share in Ican Ltd of St. John’s, Canada to CNS Systems AB of Linköping, Sweden.
In 2008 a dividend over 2007 of EUR 0.7 million was paid out. Following the disposal of AIS Live an interim dividend over 2008 of EUR 0.9 million was paid out.

Outlook
Barring unforeseen circumstances the management maintains its expectation of February 2008 of an increase of profit for continued operations for the year compared to 2007.