Science & Technology
Science and Technology
Science and Technology
Mon, January 26, 2009
China TechFaith: TechFaith and QIGI Sign Cooperation Agreement for Smartphones in China
BEIJING--(Marketwire - January 26, 2009) - China TechFaith Wireless Communication Technology Limited (
Wilson Cai, Deputy CEO of TechFaith, said, "With the recent roll out of the 3G network in China, we believe the market for smartphones will grow significantly in the coming year. We have already developed and launched 3G products in other countries and we have immense experience and knowledge of local operator requirements. Through our continued partnership with QIGI, we are able to bring our high-end products to the market quickly and we expect that these new smartphones will be very successful in China."
Enhai Xu, President of QIGI, said, "We are thrilled to launch the world's first Google Android CDMA smartphone. This new cooperation agreement with TechFaith is another important step for QIGI and our focus on marketing and promoting premium products in China. We are also confident that these new 3G smartphone models will be well-received by China Telecom and China Unicom customers."
About TechFaith
TechFaith 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 QIGI
QIGI Future Technology Co., Ltd. (Beijing) is focused on the development, production and sale of Windows smartphones, aiming to create an international mobile phone brand. Armed with the most advanced technology for mobile phones, the company is committed to developing new technologies, new functions and new types of smartphones. The company aims to create a well-known, highly reliable, high-value mobile phone brand. By introducing high-quality and fashionable products and services to the world, the company intends to make QIGI into one of the most valuable mobile phone brands in China. QIGI also provides advanced cards and GSM+CDMA products, tailored operation products, customized products, and service to the public security system, banks, and government departments.
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.
