HONG KONG, Feb. 1, 2016 /PRNewswire/ -- Q Technology (Group) Company Limited ("Q Technology" or the "Company", together with its subsidiaries, collectively known as the "Group", HKSE stock code: 1478.HK) -- one of the leading PRC-based camera module suppliers focusing on the mid-to-high end camera module market for Chinese branded smart phones and tablet PCs -- is pleased to announce that the Company has secured purchase orders or material preparing notices from two leading Chinese smartphone brands with respect to the supply of approximately five hundred thousand units of fingerprint recognition modules in aggregate to two leading Chinese smartphone brand manufacturers in January 2016, which signifies that Q Technology has entered into the field of smart fingerprint recognition modules. The Group considers that the fingerprint recognition business will diversify the Company's businesses and will help the Company to broaden its revenue base.
Based on its enhanced user experience, privacy and security along with an established fingerprint payment ecosystem, fingerprint recognition functions have become popular among end-use customers and widely draw attention of smartphone brands, which leads to broad market prospects. Q Technology is not only one of the four fingerprint recognition module suppliers worldwide verified by Fingerprint Cards AB ("FPC"), the world's leading fingerprint recognition sensor provider, but also has established comprehensive cooperation with other major fingerprint recognition sensor providers. Q Technology has a full range of fingerprint solutions such as coating and cover glass/sapphire, which enables it to take the leading position in the industry.
The two customers are both among the top 10 leading Chinese smartphone branded manufacturers and have a deep impact on end customers in China and around the globe. The approval from the two customers and the cooperation on substantial projects has demonstrated Q Technology possesses strong R&D, manufacturing and service capabilities. Q Technology will continue to strengthen marketing competence as well as comprehensive service abilities, and tries to gain more customers in respect of fingerprint recognition modules in order to promote the application of fingerprint recognition functionality in the mid-to-high end smartphone market together with its customers.
Mr. He Ningning, Chairman of the Group, stated, "It is such an honor for Q Technology to become suppliers for both camera and fingerprint recognition modules for the two leading smartphone brands manufacturers at the same time. We are very grateful for our customers' partnership and trust. The new orders mean that Q Technology has officially entered into the field of fingerprint recognition, and has made further progress in terms of biometrics recognition. Q Technology not only excels at providing comprehensive solutions for camera modules, but provides outstanding fingerprint recognition solutions as well. Currently, we have a good command of different fingerprint recognition technologies such as coating, cover glass/sapphire, and have grasped gesture recognition and iris recognition technologies. Q technology will continue to closely follow technological and market trends, and adhere to our customer-oriented service strategy, supporting our customers to provide high performance smartphones to the PRC and global markets through our distinctive quality services."
About Q Technology (Group) Company Limited (Stock Code: 1478)
Q Technology (Group) Company Limited (HKSE Stock Code: 1478) is a leading PRC-based camera module and fingerprint recognition module manufacturer focusing on mid-to-high end camera module and fingerprint recognition module market for Chinese branded smart phone and tablet PC manufacturers. Q Tech was one of the first few manufacturers in China to use COB and COF assembly technologies in the manufacture of camera modules, as well as to produce ultra-thin camera modules with resolution of 16 mega pixels and 20 mega pixels on a mass production scale.
It is believed that the precise positioning to focus on mid-to-high end camera module and fingerprint recognition module market and comparatively lower cost base as a PRC-based manufacturer of the company provided Q Tech with distinctive advantages in the fast growing camera module and fingerprint recognition module market. Currently, the Company is ready to support various top technologies including optical image stabilization, fingerprint/ gesture recognition technology, PDAF, 16/20M high-end camera module and dual/multi-camera module etc. Q Tech intends to further strengthen its leading position in the PRC camera module and fingerprint recognition module market and to raise its profile in the global camera module and fingerprint recognition module market.
Contact:
Chenchen Gao
+86755-26739100 ext. 8141
chenchen.gao@ck-telecom.com
