SOURCE: China TechFaith

China TechFaith

February 13, 2009 09:00 ET

TechFaith and aigo Launch Nine 3G Mobile Phones in China

BEIJING--(Marketwire - February 13, 2009) - China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith"), an original developed product (ODP) provider focused on research and development of cell phone solutions, and aigo, a leading brand in consumer digital products marketed in China, today announced the launch of nine new mobile phones designed specifically for the third-generation (3G) network recently rolled out in China.

The nine new models are from three different product lines, which include dual mode GSM phones, modem card phones and DVDO phones. Of the five dual mode GSM phones three are WCDMA plus GSM phones designed for New China Unicom subscribers and two are CDMA plus GSM phones designed for China Telecom CDMA subscribers. There are two modem card phones, one of which utilizes a HSDPA modem card and the other uses an EVDO modem card. The final two models have GPS functionality and run on CDMA1X and EVDO. These nine different models cover CDMA1X, WCDMA, GSM and EVDO technologies and encompass the subscriber demand of the different Chinese operators.

Wilson Cai, Deputy Chief Executive Officer of TechFaith, said, "The launch of nine 3G mobile phones under the aigo brand name in China demonstrates our strength in mobile phone development and solidifies our strong relationship with aigo. Right now is the ideal time for TechFaith to launch middle to high end products through the aigo brand in China and we are confident these 3G mobile phones will be successful for the recently rolled-out 3G network."

Feng Jun, President of aigo, said, "We are excited to enter China's 3G mobile network with the launch of these nine new mobile phones. By working with TechFaith, one of the leading mobile phone R&D companies, we can supply better products, provide better customer service and create strong brand awareness in the Chinese mobile phone market."

About TechFaith

TechFaith (NASDAQ: CNTF) 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) Windows-based smartphones and Pocket PC phones; 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 aigo

Founded in 1993, Huaqi Information Digital Technology Co. Ltd. currently employs over 1,900 employees in more than 17 nationwide branches in China and five overseas subsidiaries. This dedicated team has developed the "aigo" brand into a leader in many of China's technology markets. The aigo product line includes:

--  aigo MP4 players
--  aigo RMVB-compatible MP5 players
--  aigo portable storage devices
--  aigo digital cameras
--  aigopen designated as the exclusive guide system for the Traveling
    Olympic Exhibition
    

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.

Contact Information

  • For further information, please contact:

    For TechFaith
    In China:
    Jay Ji
    China Techfaith Wireless Communication Technology Limited
    Tel:+ 86-10-5822-8390
    Email: Email Contact

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

    For aigo

    Wu Guanting
    Huaqi Information Digital Technology Co. Ltd
    Tel:+ 86-10-62606290
    Email: Email Contact