BEIJING, Oct. 15 /Xinhua-PRNewswire-FirstCall/ -- Telestone Technologies Corporation Ltd. (“Telestone” or the “Company”)(Nasdaq: TSTC), a leading developer and provider of wireless communication coverage solutions based in the People’s Republic of China, today announced that it had received a positive response from China Mobile on additional trails carried out on its WFDS (Wireless Fiber Distribution System) technology.
These trials, which were carried out by China Mobile on TD-SCDMA networks in Xiamen and Beijing during third quarter 2007, covered a comprehensive range of criteria and applied strict testing standards on the WFDS equipment supplied. The application costs of WFDS were also carefully analyzed and assessed.
China Mobile concluded in its report that: “WFDS reached and exceeded the performance standards required by TD-SCDMA networks. WFDS also holds an obvious advantage over traditional 2G indoor wireless coverage systems in terms of its system performance, construction costs and practical application.”
Commenting on the result of the trials Mr. Han Daqing, Chairman and CEO of Telestone, said: “We have always believed that mobile operators would recognize the cost and performance benefits that WFDS offers. These test results are a strong endorsement of this new technology and I hope will lead to its wider adoption by regional mobile operators.”
Summary of Key WFDS Developments
WFDS is a leading wireless indoor coverage solution for both 3G and 2G networks, and a product of Telestone’s 3D technology. In addition to the above trials, WFDS has seen the following developments since it was first developed by Telestone:
-- Initial trials of WFDS on TD-SCDMA networks were conducted by China
Mobile in Beijing and Xiamen. The positive results of these initial
trials led to China Mobile conducting more comprehensive tests during
the third quarter of this year. The results of these tests conducted
during the third quarter of this year are the basis for this
announcement.
-- The company signed an agreement to supply WFDS to Fujian Mobile’s GSM
networks in March 2007. The Company has completed delivery of this
shipment.
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services. Telestone currently has approximately 556 employees.
Safe Harbor Statement
Statements about the Company’s future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Company’s actual results could differ materially from expected results. In reflecting subsequent events or circumstances, the Company undertakes no obligation to update forward-looking statements.
For further information please contact:
Telestone Technologies Corporation Ltd.
Todd Lu Qiang Li
Tel: +86-10-8367-0088 x1201
Email: liluqiang@telestone.com
FD Beijing
Julian Wilson
Tel: +86-10-5811-1902
Email: Julian.Wilson@fd.com
FD New York
Peter Schmidt
Tel: +1-212-850-5654
Email: peter.schmidt@fd.com
