JINAN, China, July 21 /PRNewswire-Asia/ -- Beijing PowerUnique Technologies Co., Ltd (BPUT), the wholly-owned subsidiary of China VoIP & Digital Telecom (OTC Bulletin Board: CVDT), today announced that it has signed a second virtualization contract with Huaneng Power International Inc. (NYSE: HNP) in Beijing, through its alliance system integrator partner. The new contract is in addition to the one signed by both parties in March this year.
Huaneng Power International, Inc. and its subsidiaries develop, construct, operate and manage large power plants throughout China and Singapore. Its 2009 annual revenue was over $11 billion and it is one of the largest listed power producers in China. Huaneng Power International is listed on Shanghai, Hong Kong and New York stock exchanges with a market capitalization of over $7 billion.
Mr. Kunwu Li, President and CEO of CVDT, is very pleased with the success of this alliance. He said, "The additional contract from Huaneng shows the client's confidence in our ability to deliver and implement industry leading virtualization solutions. We are very excited that they selected BPUT as their comprehensive virtualization solutions provider. This additional contract from Huaneng helps us increase our market share in the power supply industry in China."
He added, "We are continuing to discover, develop and aggressively pursue new markets for our virtualization solutions. Our sales and marketing strategy has been adapted to deal with increased demands from our current customers such as Huaneng. We are not only focused on expanding our customer base, but we are also focused on providing industry leading customer service."
About China VoIP & Digital Telecom Inc.
China VoIP & Digital Telecom Inc. offers virtualization technology applications in the People's Republic of China through its wholly owned subsidiary Jinan Yinquan Technology Co., Ltd and Beijing PowerUnique Technologies, Co., Ltd. Through the two subsidiaries, China VoIP & Digital Telecom is well positioned to take full advantage of the tremendous economic growth currently being experienced in China. The Company is currently marketing its integral virtualization solutions and services in China and at this time is in the testing stages of other Information Technology products. More information can be found at http://www.chinavoip-telecom.com .
About Virtualization Technology
Virtualization is a proven software technology that is rapidly transforming the IT landscape and fundamentally changing the way people compute.
Today's powerful x86 computer hardware was originally designed to run only a single operating system and a single application, but virtualization breaks that boundary, making it possible to run multiple operating systems and multiple applications on the same computer at the same time, increasing the utilization and flexibility of hardware.
Virtualization is a technology that can benefit anyone who uses a computer, from IT professionals and Mac enthusiasts to commercial businesses and government organizations. Millions of people around the world use virtualization to save time, money and energy while achieving more with the computer hardware they already own.
Safe Harbor Statement
Certain of the statements made in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward-looking terminology such as 'believe,' 'expect,' 'may,' 'will,' 'should,' 'project,' 'plan,' 'seek,' 'intend,' or 'anticipate' or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, reliance on collaborative retail partners and on new product development, variations in new product development, risks associated with rapid technological change, and the potential of introduced or undetected flaws and defects in products, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact:
CVDT Investor Contacts:
Michelle Wong
Tel: +86-531-5558-5742
Email: michellewong@chinavoip-telecom.com
Great Wall Research LLC
Dina Ding
Tel: +1-203-252-7266
Email: dding@greatwallresearch.com
Source: China VoIP & Digital Telecom Inc.
