SHENZHEN, China, March 26 /PRNewswire-Asia-FirstCall/ -- China
GrenTech Corporation Limited (Nasdaq: GRRF, "the Company", or
"GrenTech"), a leading China-based
provider of radio frequency ("RF") and wireless coverage products
and services, today announced that in preparation for the
communication network deployment for World Expo 2010 Shanghai, China ("Expo"), GrenTech has been
selected by China Mobile as the Expo's exclusive wireless local
area network ("WLAN") service provider. The Company will provide
services that include equipment deployment, installation and
testing. In addition, GrenTech is selected by China Telecom to
build the Trans European Trunked Radio (TETRA) and WLAN system for
the China Pavilion, the landmark of the Expo site.
Mr. Yingjie Gao, Chairman and
Chief Executive Officer, said, "We are very pleased to be the
exclusive WLAN service provider selected by China Mobile for the
Expo, another landmark event hosted by China following the 2008 Olympic Games in
Beijing. When the Expo begins on
May 1, 2010, we expect high traffic
volume from wireless users in the numerous pavilions, and we will
provide top quality and reliable communication access and services
for Expo attendees. Our selection as the exclusive WLAN provider by
China Mobile is another strong demonstration that GrenTech is best
positioned to provide such services, as we leverage our
high-quality products and long-standing and proven service track
record. We plan to install more than 2,000 WLAN access points to
fully cover the Expo's grounds. In addition, we will deploy a
technical service team comprised of many wireless coverage experts
from our branch offices, including Shanghai, Guangdong, Yunnan, Guizhou, Anhui, Shanxi, Xinjiang and Henan, in order to guarantee high-quality
service for the Expo."
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 the global and domestic major base station
manufacturers including Ericsson (China) Corporation Ltd, Nokia Siemens Network,
Huawei Technologies and ZTE Corporation. For more information,
please visit http://www.GrenTech.com.cn .
Forward-Looking Statements
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 telecommunication operators and base
station manufacturers; the ability of the Company to avoid
disruption to its business caused by changes in the Board; the
ability of the Company to recruit and retain suitable Board
members; the risk that the Company will continue to experience
downward pressure on the pricing of its products and services due
to the telecommunication operators' bidding policies or other
factors; the risk that the telecommunication operators in
China will not expand or maintain
their spending on 2G, 3G, WLAN or other network projects;
uncertainty as to the future demand for base station RF products by
domestic or international base station manufacturers, including the
risk that demand in China or
elsewhere for base stations may not grow as the Company's
management anticipates; and uncertainty as to the Company's ability
to attract and retain qualified executives and personnel,
particularly in its research and development department. 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:
Investor Contact:
Cat Zhang, Investor Relations Manager
China GrenTech Corp Ltd.
Tel: +86-755-2650-3007
Email: investor@grentech.com.cn
Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: GrenTech@Taylor-Rafferty.com
Investor Relations (US):
Delia Cannan
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com
Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com
SOURCE China GrenTech Corporation Limited