BEIJING, March 29, 2012 /PRNewswire-Asia/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") today announced it will further expand shipments of its Android smartphones into Hong Kong, South Africa and Latin America during the first half of 2012.
Specifically, the Company is scheduled to ship its Titan model, a rugged Android smartphone, to distribution partners in Hong Kong and South Africa in the first and second quarters of 2012, respectively.
TechFaith is also scheduled to ship its rugged Titan Android smartphone to a leading Wireless Mobile Phone Network Operator in Latin America in the second quarter of 2012.
TechFaith's Titan is a WCDMA/GSM 3.5G rugged Android Smart phone featuring 3.5 inch WVGA capacitive touch screen, shock resistant, 1 meter water resistant, 5.0 mega pixel rear camera, supports dual sim cards, WIFI and more.Mr. Deyou Dong, President and COO of TechFaith, said, "We continue to see steady demand for our rugged smartphone long after its formal introduction. The model has established a longer than typical lifecycle driven by wireless mobile phone mobile carriers, distribution partners and end users because of its unique value proposition which addresses a market need that remains unserved. Our Titan is a rugged but sleek, fully functioning smartphone. Its Android architecture gives users the high quality voice they are used to with the rich functionality of a smartphone. Our ability to consistently offer value added and unique products clearly differentiates us in the market worldwide and provides us with a distinctive advantage." About TechFaith
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 (previously 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 Wireless Mobile Phone Network Operators and End users; Sports enthusiasts have a tailored line under the Jungle brand; and the Teen market is serviced 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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV