SOURCE: China TechFaith

October 17, 2007 08:00 ET

Chinese Government Awards TechFaith Pocket PC Phone Contract

BEIJING--(Marketwire - October 17, 2007) - China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF), an original design manufacturer focused on research and development of cell phone solutions, today announced that China's Ministry of Public Security Information Center has awarded TechFaith a contract to custom develop a pocket PC phone for the police forces in two provinces in China. This is TechFaith's first contract from a Chinese government organization. The initial shipment is expected in December of 2007.

The phone will feature GPS functionality to speed police action, an ID scanner, information collection and synchronization, and other features related to onsite law enforcement. Under the contract, TechFaith will be responsible for software integration and manufacturing of the handsets. Shenzhen Security Software Science and Technology Development Co., Ltd, the biggest public security wireless solution provider in China, will provide public security software for the phone.

This is TechFaith's first contract from a customer that is not in the telecommunication sector. The Company expects to benefit from strong demand in the broader, non-telecommunication market going forward as its custom developed phones are adopted to meet needs ranging from security and surveillance, to data management, GPS/location based tracking and other various data and communications needs.

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.

Contact Information

  • 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