BEIJING, May 11, 2015 /PRNewswire/ -- China TechFaith Wireless Communication Limited (NASDAQ: CNTF) today announced a further expansion of its enterprise device shipments in the Latin America market. The latest win is from a client specializing in the Liquid Petroleum Gas delivery industry.
TechFaith customized a ruggedized mobile device to meet the industry specific requirements of the client, as it has done with other industries. The tailored, ruggedized mobile device features include a 4.5 inch Gorilla Glass LCD screen and a higher capacity battery to ensure longer usage time. In addition, the device retains popular features, such as IP68 and MIL-S810G capabilities, barometer, compass, GPS, with acoustic sound, hi-speed Wi-Fi connectivity, and many other features.
Mr. Deyou Dong, President and Chief Operating Officer of TechFaith, said, "This latest win continues the momentum we are working to build in our enterprise segment. We are excited about this customer win because it leverages our expertise in tailoring customized products to meet industry and customer specific requirements. For example, as part of the design process, we incorporated an application the client developed internally as part of the final solution. Our ability to closely work with customers to provide a solution to their mobile and data device needs sets TechFaith apart and gives us a distinct competitive advantage. We are seeing an increased number of inquiries from customers worldwide, as we are readily able to develop tailored solutions, including among others, ones featuring state-of-the-art laser bar code and ID card readers, private network functionality, or even a variety of health care features. Our team is diligently working to execute on these opportunities as we remain focused on building value for the Company and our shareholders."
About TechFaith
TechFaith (NASDAQ: CNTF) is a leading global mobile solutions provider for the global mobile handsets market (previously called the ODP (Original Developed Product) business)). The Company is a leading developer of ruggedized mobile phones and other devices for differentiated market segments, including the rapidly growing Smartphone market targeting wireless mobile phone network operators, end users and sports enthusiasts. For more information, please visit www.techfaithwireless.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident," "outlook" and similar statements. Among other things, the business outlook and strategic and operational plans of TechFaith and management quotations contain forward-looking statements. TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about TechFaith's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in TechFaith's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
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