SHENZHEN, China, Aug. 2 /PRNewswire-Asia-FirstCall/ -- China GrenTech Corporation Limited (Nasdaq: GRRF) ("GrenTech" or the "Company), a leading China-based provider of wireless coverage and radio frequency products and services, announced today that it has retained CCG Investor Relations to design and execute its investor relations campaign.
We look forward to working with CCG to establish a more effective and transparent communications channel with the global investment community," said Mr. Yingjie Gao, Chairman and Chief Executive Officer of GrenTech. "By leveraging CCG's international platform and extensive expertise, we are committed to improve investors' understanding of our business strategy and investment outlook."
"GrenTech is a leading enterprise in the wireless infrastructure space that is well positioned to take advantage of the 3G infrastructure build-out in China. There are currently close to 800 million mobile phone subscribers, with only 20 million currently subscribing to 3G services in China. We expect the on-going roll-out of compelling 3G services and handsets by Chinese mobile carriers will require continued build-out of the 3G network, which in turn will provide GrenTech with significant opportunities for profitable growth in the quarters and years ahead," said Crocker Coulson, President of CCG.
About CCG Investor Relations
CCG is a leading global investor relations and strategic communications consulting firm. In business for more than 30 years, the agency provides a complete range of investor communications, counseling, and IT and data solutions through its global network of over 300 clients across multiple capital markets. CCG has been awarded a number of industry honors for its handling of complex investor relations and crisis communications matters. The agency is headquartered in Los Angeles and has additional offices in New York, Beijing, Shanghai, Hong Kong, Frankfurt, Sao Paulo and Tel Aviv. For further information, contact CCG directly, or visit its web sites at http://www.ccgir.com and http://www.ccgirasia.com .
About China GrenTech
GrenTech is a leading developer of radio frequency ("RF") technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas, such as buildings, highways, railways, tunnels and remote regions. GrenTech's wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.
Based on its in-house RF technology platform, the Company also develops and produces base station RF parts and components sold to base station manufacturers. GrenTech is a qualified supplier of RF parts and components to major global and domestic base station manufacturers. For more information, please visit http://www.GrenTech.com.cn .
Safe Harbor Statement
Statements contained in this press release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause the Company's actual results to differ materially from its current expectations. Factors that could cause the Company's results to differ materially from those set forth in these forward-looking statements include: the Company's reliance on business relationships with the Chinese telecommunications operators and base station equipment manufacturers; the risk that the telecommunications operators in China will not expand or maintain their spending on 2G, 3G, WLAN or other network projects or that the Company will not be successful in future bids for tenders held by the operators; uncertainty as to the future demand for base station RF products by domestic or international base station equipment manufacturers, including the risk that demand in China or elsewhere for base stations may not grow as the Company's management anticipates due to shortages of international components or other factors beyond the Company's control; fierce competition in the wireless communication industry; growth of, and risks inherent in, the wireless communication industry in China, including uncertainties regarding the timing and nature of any future restructuring of the telecommunications operators in China. Other factors that may causes the Company's actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect its prospects in general are described in the Company's filings with the Securities and Exchange Commission, including its Registration Statement on Form F-1 related to its initial public offering and its annual reports on Form 20-F. The Company undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
For more information, please contact:
Company Contact:
Cat Zhang, Investor Relations Manager
China GrenTech Corp Ltd.
Phone: +86-755-2650-3007
Email: investor@powercn.com
Investor Relations Contact:
Ed Job, Account Manager
CCG Investor Relations
Phone: +86-1381-699-7314 (Shanghai)
Email: ed.job@ccgir.com
Kristin Knies, Senior Market Intelligence Executive
Phone: +1-646-833-3401 (New York)
Email: kristin.knies@ccgir.com
