SOURCE: China TechFaith

China Techfaith

April 21, 2009 08:00 ET

TechFaith and QIGI Co-Launch AK007 Smartphone

BEIJING--(Marketwire - April 21, 2009) - China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") and QIGI today announced the co-launch of the AK007 smartphone. Beijing-based TechFaith is an original developed product provider focused on the research and development of cell phone solutions. QIGI, also headquartered in Beijing, is focused on the development, production and sale of Windows smartphones.

The AK007 smartphone was developed for the industrial, government and public security markets, with the Chinese police force being a primary customer target. The smartphone features powerful applications, a 624MHz CPU, with 256MB ROM, plus 128MB RAM, with a SIRF III GPS chip, 2.8" QVGA display, and 2 million pixel camera. The smartphone was designed for rugged use and has a 2000mm battery to allow for greater standby time.

Defu Dong, Chairman and CEO of TechFaith, said, "We are pleased with the launch of the AK007. The industrial, government and public security markets are important targets for TechFaith as they are users whose job nature requires the good design and the various demanding features specifically offered by such smartphones. As part of our business strategy, we will continue working to launch tailored smartphones for our target markets, many of which are already in development with QIGI and other partners."

Enhai Xu, President of QIGI, said, "We have been working on this project for more than a year and appreciate TechFaith's hard work in making the AK007 a successful launch. We are excited with the launch and the feedback from our customers, both of which reinforce our commitment to develop other tailored smartphones for the industrial, government and public security markets."

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 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," "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, the global economic downturn and a further slowdown in the growth of China's economy, TechFaith's limited operating history, TechFaith's ability to effectively manage its business operations and control cost, 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, 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: ir@techfaith.cn

    For QIGI
    Ma Yinge
    QIGI Future Technology Co., Ltd. (Beijing)
    Tel: +86-10-6223-8225 ext.8805
    Email: mayinge@qigi.cc

    In the U.S.:
    David Pasquale
    Global IR Partners
    Tel: +1 914-337-8801
    Email: cntf@globalirpartners.com