TechFaith Expands Enterprise Device Shipments in China
BEIJING, April 27, 2015 /PRNewswire/ -- China TechFaith Wireless Communication Limited (NASDAQ: CNTF) today announced the expansion of its enterprise device shipments in the China market. TechFaith will ship its i-Hand mobile device, which has been tailored to meet the needs of a China-based company specializing in land surveying, GIS data acquisition systems and software mapping products.
TechFaith specifically designed this industry specific Android-based, iHand to cater to the customer's unique needs. This included incorporating Urban, Outdoor and Wasteland Surveying functionality, use of a transflective LCD screen and a high-capacity battery to ensure longer usage time. In addition, the i-Hand retains popular features, such as IP68 and MIL-S810G capabilities, barometer, compass, GPS, with acoustic sound, hi-speed Wi-Fi connectivity, and many other features.
Mr. Deyou Dong, President and Chief Operating Officer of TechFaith, said, "This an important strategic win for us in the world's largest market. We continue to leverage our vast experience and intellectual property to pursue tailored, feature rich phone opportunities. We are uniquely positioned to meet the needs of customers seeking tailored products that are most often viewed as too complex by companies only interested in making high-volume of low price point, mass market phones. We are excited with our continued progress as it shows our momentum in the enterprise segment and in our domestic China market. We will continue to leverage our design and technology expertise and resources as we pursue other growth opportunities with enterprise clients worldwide, including in the healthcare industry and corporate market, where exciting technologies like fingerprint, retina and face recognition are becoming more mainstream."
About TechFaith
TechFaith (NASDAQ: CNTF) 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 ruggedized mobile phones and other devices for differentiated market segments, including the rapidly growing Smartphone market targeting wireless mobile phone network operators, end users and sports enthusiasts. For more information, please visit www.techfaithwireless.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
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