SOURCE: China TechFaith

January 07, 2008 10:03 ET

TechFaith Further Expands Global Reach Into Latin American Market

BEIJING--(Marketwire - January 7, 2008) - China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF), an original design product provider focused on research and development of cell phone solutions, today announced the further expansion of its global reach into the Latin American market. The latest contract, awarded by a Latin American operator, is for CDMA 1X mid-end feature phones. Approximately 30,000 units were shipped between December 2007 and early January 2008.

Mr. Defu Dong, CEO of TechFaith, said, "Latin America is one of the fastest growing emerging markets with a lot of potential. Customers are looking for fashionable handsets with unique features. Carriers are playing a significant role in the market and they mainly demand tailor-made phones to satisfy different customer segments. Importantly, over the past few years local telecommunication infrastructure has been upgraded to a 3G network and multiple networks are now in operation. TechFaith's advantage in R&D and diversified original design product portfolio perfectly suit the local market characteristics. We believe rolling orders for both feature phone and smartphone from local operators will come in 2008 following the fulfillment of our prior shipment."

By the end of 2007, TechFaith's original design products were delivered globally to markets including Europe, Russia, Japan, North America, Latin America, South East Asia, India, Africa and the Middle East.

About TechFaith

TechFaith (NASDAQ: CNTF) is an original design product provider focused on research and development of cell phone solutions. Based in China, the Company employs approximately 1,300 professionals, of whom 90% are engineers. TechFaith's business includes handset design, feature phone solution, data card and wireless module, application software, and smartphone and pocket PC. With the capability of developing MMI / UI software on GSM/GPRS, CDMA1X, EVDO, WCDMA/UMTS, HSDPA and TD-SCDMA 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 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, 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

  • Contact:

    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