2009-05-11 14:09:04 -
BEIJING -- (Marketwire) -- 05/11/09 -- China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith"), an original developed product provider focused on research and development of cell phone solutions, and aigo, a leading brand in consumer digital products marketed in China, today announced the launch of a feature-rich multimedia mobile phone. a68 boasts a 3.0" WQVGA flat touch screen and supports RM, RMVB, AVI, FLV, 3GP, 3GP2 and MPEG4. The mobile phone was designed with a built-in 2D motion sensor and 10 pre-loaded interactive games.
Defu Dong, Chairman and CEO of TechFaith, said, "We are optimistic about our latest mobile phone launch. Working with aigo, we were able to design a robust mobile phone targeting casual and business consumers. The color touch screen also makes our latest model an ideal platform for gamers, which is why we pre-loaded so many game titles as a standard feature. We believe our phone will be competitively strong in the marketplace as we have added various other bells and whistles not typically found on mobile phones while only charging a mid-range price. For example, we have a VIP function to keep call records secret and a feature to allow forwarding of calls, contacts and other records when a consumer dials in remotely from another phone. Another unique feature is a trace function, which will send an SMS to a preset number when the phone is powered on after the SIM card is changed and will allow the phone location to be traced if lost."
Feng Jun, President of aigo, said, "We are excited with the launch of the MP5 mobile phone in the China market. TechFaith has been an ideal partner for us. We were able to leverage the strengths of both companies to design and manufacture what we believe will be a real winner. Importantly, for aigo, this launch further extends our brand and product portfolio in the multimedia segment."
About TechFaith
TechFaith (NASDAQ: CNTF) is an original developed product provider focused on research and development of cell phone solutions. Based in China, TechFaith employs approximately 700 professionals, of whom approximately 90% are engineers. TechFaith engages in the development and production of middle to high end handsets and tailor made handsets. TechFaith's original developed products include: (1) multimedia phones and dual mode dual card handsets of multiple wireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA, GSM/TD-SCDMA and UMTS/CDMA; (2) Windows-based smartphones and Pocket PC phones; and (3) handsets with interactive online gaming and professional game terminals with phone functionality.
With the capability of developing MMI/UI software on 2G/2.5G (GSM/GPRS, CDMA1X), 3G (EV-DO, WCDMA/UMTS, TD-SCDMA) and 3.5G (HSDPA) communication technologies, TechFaith is able to provide MMI/UI software packages that fulfill the specifications of handset brand owners and carriers in the global market. For more information, please visit www.techfaithwireless.com :
About aigo
Founded in 1993, Huaqi Information Digital Technology Co. Ltd. currently employs over 1,900 employees in more than 17 nationwide branches in China and five overseas subsidiaries. This dedicated team has developed the "aigo" brand into a leader in many of China's technology markets. The aigo product line includes: aigo MP4 players; aigo RMVB-compatible MP5 players; aigo portable storage devices; and aigo digital cameras. aigopen has been designated as the exclusive guide system for the Traveling Olympic Exhibition.
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 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, TechFaith's limited operating history in its current business segments, TechFaith's ability to effectively manage its business operations and control cost, loss of TechFaith's customers and claims against TechFaith due to defects in its designs or other reasons, TechFaith's limited insurance coverage and its exposure to product liability and product recall, TechFaith's ability to retain existing or attract additional domestic and international customers, TechFaith's earnings or margin declines, Techfaith's exposure to the inventory risk and credit risk of its customers, Techfaith's dependence on its suppliers and EMS providers, failure to compete against new and existing competitors, and other 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.
For further information, please contact:
For TechFaith
In China:
Jay Ji
China Techfaith Wireless Communication Technology Limited
Tel: + 86-10-5822-8390
Email:
ir@techfaith.cn :
In the U.S.:
David Pasquale
Global IR Partners
Tel: +1 914-337-8801
Email:
cntf@globalirpartners.com :
For aigo
Wu Guanting
Huaqi Information Digital Technology Co. Ltd.
Tel: + 86-10-62606290
Email:
wuguanting@huaqi.com :