BEIJING, Dec. 7, 2016 /PRNewswire/ -- China TechFaith
Wireless Communication Limited (NASDAQ: CNTF) today announced it
has won a new enterprise device order for the Latin America market. The latest win is
from a customer serving the Liquid Petroleum Gas delivery industry.
While the liquid petroleum gas delivery industry employs
millions of professionals worldwide, communications remains a
challenge. The inherent highly flammable work environment
make it a life and death necessity to have all electronic devices
ensure the highest level of protection in order to avoid any
unintentional ignitions. TechFaith has previously designed
smartphones that could operate with lower voltages and reduced heat
generation that were an ideal platform to develop the tailored
model being used in Latin America.
TechFaith customized ruggedized mobile device is tailored to
feature a 6 inch HD 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,
NFC, wireless charge, barometer, compass, GPS, with acoustic sound,
hi-speed Wi-Fi connectivity, and many other features.
Mr. Deyou Dong, Chief Executive
Officer of TechFaith, said, "This is an exciting win for us because
it showcases our ability to work with customers that require
exacting technical standards and unique industry specific
requirements. In the case of the Liquid Petroleum Gas
delivery industry, safety is paramount and dictates the
architecture of the mobile device. We are very happy that we
were able to design a safety compliant smartphone device that does
not sacrifice the features our customer required, with an
attractive design. This is just the latest win for us and it
reflects the increased number of inquiries from customers
worldwide. We are confident we will be able to win more
customers from different territories as we leverage our reputation
and experience in worldwide market. 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 China-based mobile solutions provider for the
global mobile handsets market, with a focus on the original design
and development of specialized mobile handsets for consumers and
enterprises under both our customers' and our own brands, as well
as on the sale of finished products to local and international
customers. Starting in 2008, we began investing in the
construction of buildings and facilities to expand our real estate
portfolio in China as part of our
growth and diversification strategy. 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. 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, among
others, and 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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SOURCE China TechFaith Wireless Technology Limited