TechFaith Sues Samsung for Patent Infringement
BEIJING, Oct. 24, 2012 /PRNewswire/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") today announced that it has filed suit against Samsung Telecommunications (Tianjin) Ltd for patent infringement in the People Republic of China (Beijing) courts. To date, the China Patents Committee has acknowledged that TechFaith's mobile phone patent (patent number 2008101134154) is effective and relevant in this current matter.
Mr. Deyou Dong, President and COO of TechFaith, said, "We have invested heavily in research and development over the years to build an extensive product catalog backed by a highly defensible intellectual property portfolio. In the case of Samsung, we are taking legal action after establishing applicability of our patent number 2008101134154, which we believe is being infringed upon in Samsung's GT-B7732 model mobile phone. We intend to aggressively pursue all remedies possible in this and in any other future instances of patent infringement in defense of our highly valuable intellectual proprietary portfolio."
For additional information regarding the patent involved, please visit www.sipo.gov.cn/zljs.
TechFaith (NASDAQ: CNTF) has three primary businesses. The Company is a leading global mobile solutions provider for the global mobile handsets market (previously called the ODP (Original Developed Product) business)). The Company is a leading developer of specialized mobile phones for differentiated market segments, including the rapidly growing smartphone market targeting wireless mobile phone network operators and end users; the Company also serves sports enthusiasts with a tailored line under the Jungle brand and the teen market under licensed brands. Under the Company's 17VEE brand, the Company has built a leading intellectual property based motion gaming business ranging from Bluetooth-enabled motion gaming controllers and software to a planned proprietary set-top motion game box. For more information, please visit www.techfaithwireless.com, www.17vee.com and www.798game.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," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith and management quotations 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, those 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.
SOURCE China TechFaith Wireless Technology Limited