omniture

T-BAY Announces Solutions Based on VIA Chipsets

T-BAY Holdings, Inc.
2006-12-18 17:55 1192


SHANGHAI, China, Dec. 18 /Xinhua-PRNewswire-FirstCall/ -- T-BAY Holdings,

Inc. (OTC Bulletin Board: TBYH) announced today that it has launched two

mobile handset design solutions that are based on the VIA chipset platform.

They are currently selling two solutions, Series No. 27xx and 22xx, and

receiving large orders from our customers. The release of the new solutions

based on the VIA chipset platform indicates that T-Bay has successfully

expanded its product line in the market place.

The R&D of the three VIA-based solutions, which commenced in August, was

completed within 3 months. “We are very pleased with the newly introduced

solutions with the VIA chipset platform,” said Xiaofang Li, the CEO of TBAY

Holdings, Inc. “We had our products tested thoroughly for a month and the

entire design work completed within two months, by the end of October. It

illustrates our strong R&D capacity and the release of VIA solutions will

enrich our product line to cover a broader marketplace.” These new

solutions are targeted at the middle-range and low-end markets with the

handsets’ retail price ranging from RMB700-1100, (USD$89-140). The embedded

functions in the handsets, such as 300k-pixel camera, Mp3/Mp4, IP dialing, T-

flash, and USB Access, are designed for easy operation. “Customers in the

low-end market tend to focus more on price and appearance of mobile

handsets,” said Xiang Lushi, Marketing Manager of T-Bay, “We believe we

have distinctive advantages in external design, and the price of these two

solutions are considered competitive.”

The management are anticipating good sales performances from these new

solutions. Xiaofeng Li said, “So far we have already secured more than two

customers for each of the new solutions and we are expecting a few more new

customers shortly. We expect VIA based solutions will account for 20-30% of

our solution lines by volume and 15%-20% of our revenue in the third fiscal

quarter.”

“The two newly-introduced solutions will complement our previous

solutions, which are mainly targeted at the middle-range and high-end

markets. We are now offering a wider range of products to our customers.

Other new solutions including enhanced versions of existing solutions, also

based on the VIA chipset platform, will be released in the next few months

based on the market responses,” said Xiaofeng Li.

About T-Bay Holdings, Inc.

T-Bay conducts its mobile phone design business through its 95% owned

subsidiary, Shanghai SunPlus Communication Technology Co., Ltd. ("SunPlus").

Established in October 2002, SunPlus is a Sino-foreign joint venture

providing total solution and full-range design services to leading mobile

handset brand owners in China. The broad spectrum of services that SunPlus

provides includes overall product design, mechanical design, module

architecture design, software design, prototype production, product testing,

manufacturing and after-sale technical support. The Company currently has a

staff of 160, comprised mostly of engineers and software programmers.

SunPlus develops its mobile phone modules based mainly on the chipset

platform provided by Skyworks. Currently, major customers of SunPlus include

CECT, Panda Electronics and Siemens Mobile.

SunPlus was jointly formed by Wise Target International Limited, Amber

Link International Limited and Shanghai Fanna Industrial Product Design Co.,

Ltd. Wise Target and Amber Link are 100% subsidiaries of T-Bay Holdings,

Inc. and they altogether hold 95% shareholding in SunPlus.

Safe Harbor Statement Under The Private Securities Litigation Reform Act

of 1995:

The statements in the press release that relate to the company’s

expectations with regard to the future impact on the company’s results from

new products in development are forward-looking statements within the meaning

of the Private Securities Litigation Reform Act of 1995. The results

anticipated by any or all of these forward-looking statements may not occur.

Source: T-BAY Holdings, Inc.
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