BEIJING, Feb. 1, 2011 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF) ("TechFaith" or the "Company") today announced that its wholly owned subsidiary, QiGi Future Technology Co., Ltd. (Beijing) ("QiGi") won an order from China Telecom and another order from the Jilin provincial police department. Initial units started shipping in January.
Under the first order, China Telecom selected QiGi for an EVDO-based mobile phone, specialized with infrared scanning capabilities for the enterprise customer segment. The first 5,000 units have been shipped to China Telecom. Under the second, initial shipments under the 12,550 unit order to the Jilin provincial police department started in January. The handset was jointly developed by QiGi and China Telecom. The handset is customized for use by police departments, with state-of-the art capabilities, including finger print identification, identity card scanning, built-in printing and a payment function.
Mr. Xu Enhai, president of TechFace, commented, "These latest wins further expand our offerings into the enterprise market. Our track record of developing customized, high-performance and highly secure enterprise phones positions QiGi for increasing strategic wins in this segment. These are just the latest examples of our impressive work with enterprise customers and our commitment to providing customers the tailored enterprise solutions they need. For 2011, we are positive that the enterprise market segments will help us further maximize our growth potential."
About TechFaith (NASDAQ:CNTF)
TechFaith (NASDAQ: CNTF) is a China-based original developed product ("ODP") provider focused on the original design and sales of mobile phone products. TechFaith aims to become a branded mobile phone specialist in differentiated market segments in the China market. TechFaith is also striving to build a leading PC and online gaming business through its wholly-owned subsidiary, 798 Entertainment Limited.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith and management quotations contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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