HONG KONG, Sept. 10, 2015 /PRNewswire/ -- Tonly Electronics Holdings Limited ("Tonly Electronics" or "the Group"; SEHK stock code: 01249) is pleased to announce that it has recently, through its wholly-owned subsidiary, won the bid for the Inner Mongolia Autonomous Region's Advanced Broadcasting System-Satellite ("ABS-s") « Hu Hu Tong » project, with a bid amount of approximately RMB26.7 million. Since 2012, Tonly Electronics has provided ABS-s « Hu Hu Tong » products and services to more than 600,000 local residents of Inner Mongolia Autonomous Region and will continue to do so following this successful bid, contributing to the « Ten Full Coverage » initiative in the region.
Over the same period, the subsidiary also won the bid for the « 2015 Digital Wireless Coverage Project for Central Radio and TV Programmes » satellite signal receiving device project, with a bid amount of approximately RMB16 million. This marks Tonly Electronics' expansion from a traditional terminal-end electronic device supplier to a front and terminal-end device supplier, and is also an industry recognition for Tonly's R&D and industrial capabilities. It also symbolises Tonly Electronics' formal entry into the ultra high-tech front-end wireless coverage device sector.
The nationwide wireless coverage project is a financial investment project from the State using wireless digital technology to bring Central Radio and Television Programmes to citizens across the country. After project implementation, it will provide basic terrestrial coverage of digital television and digital radio broadcasting programmes nationwide. The national wireless coverage project brings huge market opportunities and future prospects.
About ABS-s
ABS-s is a satellite-used receiver specifically designed for use in China. It has been identified as a key component to implement the digital TV signal applications to remote and some of the inland areas. ABS-s products are launched mainly via two programmes: "Cun Cun Tong" (to every village) and "Hu Hu Tong" (to every household).
About Tonly Electronics
Tonly Electronics Holdings Limited (stock code: 01249) is an internationally leading audio-visual ("AV") products manufacturer, and is principally engaged in the research and development, manufacturing and sales of audio-visual products and wireless intelligent interconnectivity products on an ODM basis. Tonly Electronics is also one of the ABS-s manufacturers under the programmes of "Hu Hu Tong" and "Cun Cun Tong" initiated by The State Administration of Radio, Film, and Television ("SARFT"). The company will establish the most competitive New ODM industry platform based on acoustic and wireless internet technology. Its ultimate controlling shareholder is TCL Corporation (a company listed on the Shenzhen Stock Exchange, Stock code 000100.SZ).
For more information, please visit its website at www.tonlyele.com.
