BEIJING, Oct 08, 2007 (MARKET WIRE via COMTEX News Network) -- China TechFaith Wireless Communication Technology Limited (NASDAQ:
CNTF), an original design manufacturer focused on research and
development of cell phone solutions, today announced the launch of
the world's first WCDMA/GSM dual mode phone, which we call "Twins."
Twins is the first cell phone that allows users to load one WCDMA
card and one GSM card or to load dual GSM SIM cards. This is a
feature long demanded by international travelers, as well as people
who would like to have both a business and a personal number in one
cell phone.
Twins' set of features includes a 2.0 megapixel camera, MP3 and MPEG4
player, WCDMA modem, along with both video call and dual Bluetooth
capabilities.
"Twins has twice the power!" exclaimed Mr. Defu Dong, Chairman and
Chief Executive Officer of TechFaith. "International travelers have
been gouged by high roaming fees and poor coverage for years. We
designed Twins to solve these problems in an affordable, attractively
designed cell phone. We expect high demand for Twins based on early
feedback and our first mover advantage. TechFaith has secured
contracts from Europe and South East Asia, and our first shipment is
scheduled for this November."
About TechFaith
TechFaith (NASDAQ: CNTF) is an original design manufacturer, or ODM,
focused on research and development of cell phone solutions based in
China. The Company employs approximately 1,300 professionals, of whom
90 percent are engineers. TechFaith's business includes handset
design, feature phone solution, data card and wireless module,
application software, and smartphone and pocket PCs. With the
capability of developing MMI/UI software on 2/2.5G(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 major
global operators. Having a full range of wireless application
software including WAP, Java, MMS, WWW browser, SyncML and DRM,
TechFaith is also providing total solutions for upper layer software
of handsets. In addition, TechFaith is developing smartphone software
based on open operating systems including Linux and Windows Mobile,
and capable of implementing high-end smartphones integrating
Bluetooth, WiFi, high megapixel cameras, etc. based on different
communication technologies according to special requirements of
customers. For more information, please visit
http://www.techfaithwireless.com.
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" and similar statements. Among
other things, the business outlook and quotations from management in
this announcement, as well as TechFaith's strategic and operational
plans, 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.
CONTACTS:
In China:
Ms. Helen Zhang
Tel: 86-10-5822-7390
Email Contact
In the U.S.:
David Pasquale
EVP at The Ruth Group
Tel:+646-536-7006
Email Contact
SOURCE: China TechFaith
http://www2.marketwire.com/mw/emailprcntct?id=D1B593AEAC2BD271
http://www2.marketwire.com/mw/emailprcntct?id=50C5857F9E33B5A1