BEIJING, June 22 /PRNewswire-Asia/ -- Telestone Technologies Corporation ("Telestone") (Nasdaq: TSTC), a leading developer and provider of wireless communication coverage solutions in the People's Republic of China, today announced that its subsidiary, Beijing Telestone Technologies Co. Ltd., has been awarded the "Innovative Technology Enterprises" award by The 3rd China Renovation Selection in The 12th CHITEC (China Beijing International High-tech Expo).
The 3rd China Innovation Selection Award Ceremony was jointly held in Zhongguancun's Crown Holiday Hotel on May 21, 2009 by the organizing Committee of CHITEC, the magazine "Zhongguancun", Science Times and the Sina website. The scientific and technological communities of China and other countries, including approximately 300 entrepreneurs, experts and technology workers attended this ceremony.
The global financial crisis has triggered a global economic recession. The Chinese government has taken a series of measures to promote and maintain a steady and rapid economic growth. Under this environment, this year's China Beijing International High-tech Expo (CHITEC) featured four themes: coping with the crisis; intensifying innovation and stressing practical results; integrating resources; building business platforms and providing good service.
The 3rd China Self-Renovation Selection Award Ceremony of this year's CHITEC was held in the Zhongguancun National Innovation Model Park. Technologies, products and brands which satisfy China's strategic need and included in the self-innovation products catalogue were the primary nominations for awards. This selection aims to promote the awareness of Chinese enterprises to build nation brands, enhance the country's image, and improve the development of high-tech enterprises.
Six awards were chosen in this event, including "innovative Outstanding Contribution", "innovative Outstanding Brand", "innovative New Products", "Innovative Technology Enterprises", "Innovative Man of the Times", and "China Car Industry Self-Innovation". Beijing Telestone Technologies Co. Ltd. was awarded the "Innovative Technology Enterprises" award.
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services.
Safe Harbor Statement
Statements about Telestone's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Telestone's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, Telestone undertakes no obligation to update forward-looking statements.
For further information please contact:
Telestone Technologies Corporation
Dan Shang
Tel: +86-10-8367-0088 x1233
Email: zongbushangdan@telestone.com
Jean Wen
Tel: +86-10-8367-0088 x1232
Email: wenjing@telestone.com
