TechFaith to Showcase Broader Line-Up at 2012 GSMA Mobile World Congress
BEIJING, Feb. 14, 2012 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the Company) today announced it would have an increased presence at the prominent 2012 GSMA Mobile World Congress in Barcelona from 27 February to 1st March 2012. TechFaith plans to showcase a variety of new mobile phones with somatic gaming controller functions, alongside its existing range of GSM, WCDMA, CDMA models and somatic games. The Company will be located in Hall 2, booth 2J21.
Mr. Deyou Dong, President and COO of TechFaith said, "With the 2012 theme of Redefining Mobile, we could not think of a more suitable venue for TechFaith to showcase its broader line-up of mobile phones. The focus on how mobile has transcended communications is now transforming the world in an unprecedented way is the underlying theme that has been driving many of TechFaith's most sought after designs. For example, our integrated somatic gaming mobile phone platform and our feature-rich rugged phones are uniquely positioned in the marketplace. We are excited and look forward to meeting with existing customers and potential new partners, as we continue to expand our business in China and worldwide."
According to the latest Wireless Intelligence data, China ended 2011 on 973.7 million mobile connections, up about 16 percent year-on-year, fuelled by growth in 3G which will soon account for a quarter of the country's connections. The number of 3G connections surpassed 200 million in Q4 2011 and accounted for 22 percent of the total at year-end. Market penetration is estimated at 72 percent, up almost 10 percent from a year ago.
For the Android ginger bread platform, TechFaith plans to feature the following models: Titan, an IP67 certified HSPA rugged smart phone, which is water proof, shock proof and dust proof; Q-phone, a 5.0 inch HSPA smartphone that boasts rich entertainment functions, and can be used as a mini-pad; Tracker, a 4.3 inch HSPA smartphone supporting dual sim cards enabling dual sim standby; and Eagle, a stylish 3.8 inch HSPA smart phone with popular features such as WIFI, A-GPS, compass, dual camera and more.
For the somatic gaming business, TechFaith plans to feature its 17Vee somatic gaming platform technology and products. These products include somatic capable mobile phones, somatic gaming controllers, deliver a power experience by letting gamers feel the action. Applications will also be featured that can convert Android smartphones into somatic gaming controllers.
About the GSMA
The GSMA represents the interests of mobile operators worldwide. Spanning more than 220 countries, the GSMA unites nearly 800 of the world's mobile operators, as well as more than 200 companies in the broader mobile ecosystem, including handset makers, software companies, equipment providers, Internet companies, and media and entertainment organizations. The GSMA also produces industry-leading events such as the Mobile World Congress and Mobile Asia. For more information, please visit www.mobileworldcongress.com.
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 somatic gaming business ranging from Bluetooth enabled somatic gaming controllers and software to a planned proprietary set-top somatic 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