SOURCE: China TechFaith

December 01, 2008 09:33 ET

TechFaith and QIGI Launch i6-Goal, First Android-Powered Phone in China

BEIJING--(Marketwire - December 1, 2008) - China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF), an original developed product provider focused on the research and development of cell phone solutions, and QIGI, a Smartphone brand in China, today announced the launch of i6-Goal, the first Android-powered phone in China. The fast, 624-MHz CPU slim bar-type phone has a touch-screen, business card scanning and GPS functionality. The i6-Goal also provides mobile Web access that includes Gmail™, YouTube™ and Gtalk™.

Defu Dong, Chairman and Chief Executive Officer of TechFaith, said, "We are proud to launch the first Android-powered mobile phone in China. The QIGI i6-Goal has amazing potential in China because it is not only for making phone calls; it also provides mobile Web access to China's growing customer base. In addition, the launch of i6-Goal is a great example of the success of our strategic alliance with QIGI and its ability to quickly launch products onto the market."

Enhai Xu, President of QIGI, said, "We are pleased to be the first company to launch an Android-powered phone in China. We believe this state-of-the-art product will be very attractive to China's market due to its great features including Web access, email and GPS functions. We signed sales agreements with a few well-known mobile phone distributors in China and are looking forward to shipping the i6-Goal very soon."

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 the 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" 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, disruptions in the financial markets and other macro-economic challenges currently affecting the economy of the United States and other parts of the world, TechFaith's limited operating history, TechFaith's ability to effectively manage its rapid expansion, loss of TechFaith's customers and claims against TechFaith due to defects in its designs or other reasons, TechFaith's limited insurance coverage and its exposure to product liability and product recall, 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

  • For further information, please contact:
    For TechFaith
    In China:
    Jay Ji
    China TechFaith Wireless Communication Technology Limited
    Tel:+ 86-10-5822-7390
    Email: Email Contact

    In the U.S.:
    Joseph Villalta
    The Ruth Group
    Tel:+ 1 646-536-7003
    Email: Email Contact

    For QIGI
    In China:
    Ma Yinge
    QIGI Future Technology Co., Ltd. (Beijing)
    Tel: +86-10-6223-8225 ext.8805
    Email: Email Contact