TechFaith to Ship Android Phones to Latin America
BEIJING, Oct. 11, 2011 /PRNewswire-Asia/ -- China TechFaith Wireless Technology Limited (NASDAQ: CNTF) ("TechFaith" or "the Company") today announced a new order of WCDMA/GSM 3.5G Android smart phones from a new Latin American customer. The shipment is expected to be delivered this month. This model will be available in the Latin America market through a local operator and brander.
TechFaith's WCDMA/GSM 3.5G Android smartphone features a 4.8 inch capacitive touch screen, HSDPA 7.2 Mbps, customized applications and more. Developed on Google's powerful Android 2.3 operating system, the phone is able to tap into one of the fastest growing catalogs of developer applications.
Mr. Deyou Dong, President and COO of TechFaith in charge of the mobile business said, "Customers continue to turn to TechFaith in both our domestic China market and worldwide for our mobile phone development expertise. In the case of Android, we are benefitting from increased adoption by users worldwide due to the large and ever expanding library of applications."
TechFaith (NASDAQ: CNTF) has three primary businesses. Under the TechFaith umbrella, the Company is a leading global mobile solutions provider for global mobile handsets market (Which previous called ODP (Original Developed Product) business)). Under its TecFace brand, the Company is a leading developer of specialized mobile phones for differentiated market segments, including the rapidly growing Smartphone market targeting users and Operators through its TecFace brand; Sports enthusiasts through its Jungle brand; and the Teen market through 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