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China TechFaith: TechFaith and aigo Launch CDMA Phones for China Telecom's "Tianyi"

^{Published on 2009-01-12 07:53:51, Last Modified on 2009-01-12 07:55:17 - Market Wire}
 

BEIJING--(Marketwire - January 12, 2009) - China TechFaith Wireless Communication Technology Limited (NASDAQ: [ CNTF ]), an original developed product (ODP) 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 two new CDMA mobile phones, aigo 600C and aigo 800C, for "Tianyi," China Telecom's CDMA service brand.

The aigo 600C has a 2.2 inch TFT touch screen which merges with the front keyboard to maximize the display size. Its streamlined shape and lightweight design makes the aigo 600C an exceptionally convenient mobile phone. The aigo 600C boasts a strong battery with ultra-long standby time, a multimedia player that supports AAC, MP3, MP4 and 3GB format files and an extra large memory which stores up to 1000 contacts and 1000 messages.

The aigo 800C, in addition to having a large 2.4 inch TFT display and elegant design, has a GPS positioning system with user-friendly navigation software developed by Navito, a keyboard which supports handwriting and a Bluetooth stereo headset.

Wilson Cai, Deputy Chief Executive Officer of TechFaith said, "The launch of aigo 600C and aigo 800C for Tianyi is another important achievement for our strategic alliance with aigo. These new products demonstrate our research and development capabilities and aigo's strong brand name in China. We believe our alliance with aigo, along with the cooperation agreement with China Telecom, will continue to facilitate the expansion of our high-quality products in the China CDMA network."

Mr. Cai continued, "We are excited about the 2009 outlook for the wireless operator-tailored mobile phone market in China, and we believe aigo 600C and aigo 800C have the potential to be very successful. The simple and elegant design of the aigo 600C will appeal to the younger generation who favors fashionable designs, and the sleek black and grey aigo 800C presents a formal look for the business consumer."

Feng Jun, President of aigo said, "aigo is a digital product brand name that is internationally recognized, especially for our digital storage and multimedia products. We believe the newly launched aigo 600C and aigo 800C will be very successful products for China Telecom, and we are confident that aigo mobile phones will be the next stars in the market."

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) Window based smartphone and Pocket PC phone; 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 5 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 -- aigo digital cameras -- aigopen 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, TechFaith's ability to retain existing or attract additional domestic and international customers, TechFaith's earnings or margin declines, failure to compete against new and existing competitors, mobile handset brand owners' discontinuation or reduction of the use of independent design houses, 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.