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TechFaith and QIGI Launch i6-Goal, First Android-Powered Phone in China
BEIJING -- (Marketwire) -- 12/01/08 -- China TechFaith Wireless Communication TechnologyLimited (NASDAQ: CNTF), an original developed product provider focused onthe research and development of cell phone solutions, and QIGI, aSmartphone brand in China, today announced the launch of i6-Goal, the firstAndroid-powered phone in China. The fast, 624-MHz CPU slim bar-type phonehas a touch-screen, business card scanning and GPS functionality. Thei6-Goal also provides mobile Web access that includes Gmail(TM),YouTube(TM) and Gtalk(TM).
Defu Dong, Chairman and Chief Executive Officer of TechFaith, said, "We areproud to launch the first Android-powered mobile phone in China. The QIGIi6-Goal has amazing potential in China because it is not only for makingphone calls; it also provides mobile Web access to China's growing customerbase. In addition, the launch of i6-Goal is a great example of the successof our strategic alliance with QIGI and its ability to quickly launchproducts onto the market."
Enhai Xu, President of QIGI, said, "We are pleased to be the first companyto launch an Android-powered phone in China. We believe thisstate-of-the-art product will be very attractive to China's market due toits great features including Web access, email and GPS functions. We signedsales agreements with a few well-known mobile phone distributors in Chinaand are looking forward to shipping the i6-Goal very soon."
About TechFaith
TechFaith is an original developed product provider focused on research anddevelopment of cell phone solutions. Based in China, TechFaith employsapproximately 700 professionals, of whom approximately 90% are engineers.TechFaith engages in the development and production of middle to high endhandsets and tailor made handsets. TechFaith's original developed productsinclude: (1) multimedia phones and dual mode dual card handsets of multiplewireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA,GSM/TD-SCDMA and UMTS/CDMA; (2) Window based smartphone and Pocket PCphone; and (3) handsets with interactive online gaming and professionalgame 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) communicationtechnologies, TechFaith is able to provide MMI/UI software packages thatfulfill the specifications of handset brand owners and carriers in theglobal 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 aninternational mobile phone brand. Armed with the most advanced technologyfor mobile phones, the company is committed to developing new technologies,new functions and new types of Smartphones. The company aims to create awell-known, highly reliable, high-value mobile phone brand. By introducinghigh-quality and fashionable products and services to the world, thecompany intends to make QIGI into one of the most valuable mobile phonebrands in China. QIGI also provides advanced cards and GSM+CDMA products,tailored operation products, customized products, and service to the publicsecurity system, banks, and government departments.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements aremade under the "safe harbor" provisions of the U.S. Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can beidentified by terminology such as "will," "expects," "anticipates,""future," "intends," "plans," "believes," "estimates," "confident" andsimilar statements. Among other things, the business outlook and quotationsfrom management in this announcement, as well as TechFaith's strategic andoperational plans, contain forward-looking statements. TechFaith may alsomake written or oral forward-looking statements in its periodic reports tothe U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., inits annual report to shareholders, in press releases and other writtenmaterials and in oral statements made by its officers, directors oremployees to third parties. Statements that are not historical facts,including statements about TechFaith's beliefs and expectations, areforward-looking statements. Forward-looking statements involve inherentrisks and uncertainties. A number of important factors could cause actualresults to differ materially from those contained in any forward-lookingstatement. Potential risks and uncertainties include, but are not limitedto, disruptions in the financial markets and other macro-economicchallenges currently affecting the economy of the United States and otherparts of the world, TechFaith's limited operating history, TechFaith'sability to effectively manage its rapid expansion, loss of TechFaith'scustomers and claims against TechFaith due to defects in its designs orother reasons, TechFaith's limited insurance coverage and its exposure toproduct liability and product recall, TechFaith's ability to retainexisting or attract additional domestic and international customers,TechFaith's earnings or margin declines, failure to compete against new andexisting competitors, mobile handset brand owners' discontinuation orreduction of the use of independent design houses, and other risks outlinedin TechFaith's filings with the U.S. Securities and Exchange Commission,including its annual report on Form 20-F. TechFaith does not undertake anyobligation to update any forward-looking statement, except as requiredunder applicable law.
For further information, please contact:For TechFaithIn China:Jay JiChina TechFaith Wireless Communication Technology LimitedTel:+ 86-10-5822-7390Email: Email ContactIn the U.S.:Joseph VillaltaThe Ruth GroupTel:+ 1 646-536-7003Email: Email ContactFor QIGIIn China:Ma YingeQIGI Future Technology Co., Ltd. (Beijing)Tel: +86-10-6223-8225 ext.8805Email: Email Contact
Enhai Xu, President of QIGI, said, "We are pleased to be the first companyto launch an Android-powered phone in China. We believe thisstate-of-the-art product will be very attractive to China's market due toits great features including Web access, email and GPS functions. We signedsales agreements with a few well-known mobile phone distributors in Chinaand are looking forward to shipping the i6-Goal very soon."
About TechFaith
TechFaith is an original developed product provider focused on research anddevelopment of cell phone solutions. Based in China, TechFaith employsapproximately 700 professionals, of whom approximately 90% are engineers.TechFaith engages in the development and production of middle to high endhandsets and tailor made handsets. TechFaith's original developed productsinclude: (1) multimedia phones and dual mode dual card handsets of multiplewireless technology combination such as GSM/GSM, GSM/CDMA, GSM/WCDMA,GSM/TD-SCDMA and UMTS/CDMA; (2) Window based smartphone and Pocket PCphone; and (3) handsets with interactive online gaming and professionalgame 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) communicationtechnologies, TechFaith is able to provide MMI/UI software packages thatfulfill the specifications of handset brand owners and carriers in theglobal 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 aninternational mobile phone brand. Armed with the most advanced technologyfor mobile phones, the company is committed to developing new technologies,new functions and new types of Smartphones. The company aims to create awell-known, highly reliable, high-value mobile phone brand. By introducinghigh-quality and fashionable products and services to the world, thecompany intends to make QIGI into one of the most valuable mobile phonebrands in China. QIGI also provides advanced cards and GSM+CDMA products,tailored operation products, customized products, and service to the publicsecurity system, banks, and government departments.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements aremade under the "safe harbor" provisions of the U.S. Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements can beidentified by terminology such as "will," "expects," "anticipates,""future," "intends," "plans," "believes," "estimates," "confident" andsimilar statements. Among other things, the business outlook and quotationsfrom management in this announcement, as well as TechFaith's strategic andoperational plans, contain forward-looking statements. TechFaith may alsomake written or oral forward-looking statements in its periodic reports tothe U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., inits annual report to shareholders, in press releases and other writtenmaterials and in oral statements made by its officers, directors oremployees to third parties. Statements that are not historical facts,including statements about TechFaith's beliefs and expectations, areforward-looking statements. Forward-looking statements involve inherentrisks and uncertainties. A number of important factors could cause actualresults to differ materially from those contained in any forward-lookingstatement. Potential risks and uncertainties include, but are not limitedto, disruptions in the financial markets and other macro-economicchallenges currently affecting the economy of the United States and otherparts of the world, TechFaith's limited operating history, TechFaith'sability to effectively manage its rapid expansion, loss of TechFaith'scustomers and claims against TechFaith due to defects in its designs orother reasons, TechFaith's limited insurance coverage and its exposure toproduct liability and product recall, TechFaith's ability to retainexisting or attract additional domestic and international customers,TechFaith's earnings or margin declines, failure to compete against new andexisting competitors, mobile handset brand owners' discontinuation orreduction of the use of independent design houses, and other risks outlinedin TechFaith's filings with the U.S. Securities and Exchange Commission,including its annual report on Form 20-F. TechFaith does not undertake anyobligation to update any forward-looking statement, except as requiredunder applicable law.
For further information, please contact:For TechFaithIn China:Jay JiChina TechFaith Wireless Communication Technology LimitedTel:+ 86-10-5822-7390Email: Email ContactIn the U.S.:Joseph VillaltaThe Ruth GroupTel:+ 1 646-536-7003Email: Email ContactFor QIGIIn China:Ma YingeQIGI Future Technology Co., Ltd. (Beijing)Tel: +86-10-6223-8225 ext.8805Email: Email Contact
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