BEIJING, July 28 /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 declared its completion of seven Beijing Olympic venues and their matching establishments.
The projects established by Telestone included Magic Capital (an Olympic affiliated hotel), the Comprehensive Training Gymnasium of the Olympic Sports Center, the Olympic Sports Center Stadium, the Beijing Olympic Green Hockey Stadium, the Olympic Comprehensive Office Building and Energy Center, the T3A Terminal Building of Beijing Capital Airport and the China Athletic Training Base for the Disabled. The contracts are valued at more than one million dollars. Among these buildings, the China Athletic Training Base for the Disabled is operated with the Wireless Fiber Distribution System (WFDS), known as one of the leading indoor wireless coverage products in the world that is applicable to 2G, 3G, Broadband access and CATV networks.
Mr. Peng, manager of the Infrastructure Department in the Olympic Center commented: “There are series of especially strict requirements for the network coverage of Olympic stadiums. Taking this into consideration, Telestone’s construction of the Olympic stadium network had not only realized strong voice signals and broad digital coverage, excellent calling quality and capacity, but also reflected the ‘Green Olympics’ concept in energy conservation, environmental and ecological protection, sustainable use of resources, and green building materials.”
Han Daqing, Chairman and CEO of Telestone, said: “We are very proud to be involved in, and successfully complete, the construction of seven Olympic venues and their affiliated projects. It is pleasing that our products and services had met the strict requirements of our clients and we received positive remarks from them. We would also like to wish the 2008 Beijing Olympic Games to be a great success.”
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 800 employees.
For more information visit http://www.telestone.com .
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.
Fang Cui
Tel: +86-10-8367-0088 ext.1202
Email: cuifang@telestone.com
Nick Lee
Secretary of the Board
Tel: +86-10-8367-0088 x1002
Email: nickl@telestone.com
