BEIJING, Nov. 7, 2011 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation (NASDAQ: TSTC) (the "Company"), a leading supplier of local access network solutions for communications networks in China, today announced that Mr. Daqing Han, Chairman and Chief Executive Officer of Telestone, was recently interviewed by the Economic Observer, a well-known Chinese-language business newspaper, on the Company's business evolution and future strategy. An English translation of the interview is available at: http://ir.telestone.com/announce/121/EN/Telestone%20Road%20to%20Infrastructure%20Upgrades_nhAbeDFD3GHn.pdf
In the interview, Mr. Han explains how Telestone has aligned its research and development efforts in line with ever-evolving industry and technology trends during the 14 years since the Company was founded. Telestone has evolved from a company focused on 2G, and later, 3G wireless coverage technologies, into a technology leader at the forefront of the communications industry, with innovative solutions like the recently announced Telestone Intelligent Premises System (TIPS).
The interview also discusses Mr. Han's rationale for choosing Gu'an, a county in Hebei Province, as the site for Telestone's new TIPS Industrial Park research, development, manufacturing and training facility. He also offers his expectation that the facility will be the catalyst for the Company's next phase of growth.
About the Economic Observer
Founded in 2000, the Economic Observer is an independent Chinese weekly newspaper distributed in major cities throughout China. The newspaper focuses on China business, economics, finance, law, politics, and social issues. The newspaper also operates an English edition at http://www.eeo.com.cn/ens/ .
About Telestone Technologies Corporation
Telestone is a leader and innovator in wireless local-access network technologies and solutions. The company has a global presence, with 30 sales offices throughout China and a network of international branch offices and sales agents. For more than 10 years, Telestone has installed radio-frequency (RF)-based 1G and 2G systems throughout China for its leading telecommunications companies. After intensive research on the needs of carriers in the 3G age, Telestone developed and commercialized its proprietary third-generation local-access network technology, WFDS(TM) (Wireless Fiber-optic Distribution System), which provides a scalable, multi-access local access network solution for China's three cellular protocols. Telestone also offers services including project design, manufacturing, installation, maintenance and after-sales support. The Company has approximately 1,300 employees.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of Telestone Technologies Corporation and its subsidiary companies. Forward looking statements can be identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to new facilities, facility construction, future products, future customers, and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our filings with the Securities and Exchange Commission. Telestone Technologies is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Telestone Technologies Corporation
Ms. Alex Qi, Assistant Secretary of the Board
Phone: +86-10-6860-8335 x1115
Investor Relations Contact:
CCG Investor Relations
Mr. John Harmon, CFA, Sr. Account Manager
Phone: +86-10-6561-6886 x807 (Beijing)
SOURCE Telestone Technologies Corporation