BEIJING, March 6, 2012 /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, Telestone's Chairman and CEO, was recently interviewed by the China Intellectual Property News, a well-known Chinese-language newspaper, about the evolution of the Company's management and execution of its intellectual property strategy amid continuous innovation. An English translation of the interview is available on the Company's website at: http://www.telestone.com/english/index.asp In the interview, Mr. Han explains how Telestone evolved from selling foreign products to selling products developed by its own R&D team, from applying for as many patents for patents' sake to strategically managing and deploying them, and how intellectual property has helped Telestone achieve its goals in the telecommunications equipment industry through continuous innovation. About the China Intellectual Property News Founded in 1999, the China Intellectual Property News is a Chinese weekly newspaper produced by the State Administration of Intellectual Property to publicize the government's guidelines and policies on intellectual property, to disseminate laws and regulations on intellectual property, and to serve as a platform for introducing new technologies and new products. The newspaper is also available online at http://www.cipnews.com.cn/. 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 1,400 employees. SOURCE Telestone Technologies Corporation
Shares of Telestone Technologies Corporation (Nasdaq:TSTC) were gapping down Tuesday morning with an open price 17.1% lower than Monday's closing price. The stock closed at $7 yesterday and opened today's trading at $5.80.
Shares of Telestone Technologies Corporation (Nasdaq:TSTC) were gapping up Wednesday morning with an open price 12.3% higher than Tuesday's closing price. The stock closed at $5.52 yesterday and opened today's trading at $6.20.