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.