UTStarcom Signs Framework Agreement with Tongding Internet Information Co. Ltd.
September 12 2018 - 6:00AM
UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global
telecommunications infrastructure provider, today announced that
the Company has formed a strategic partnership with Tongding
Internet Information Co., Ltd. (“TD” or “the Partner”), a Shenzhen
Stock Exchange listed company since October 2010, to jointly market
and distribute the respective companies’ products and services in
China and international markets. Based in Wujiang, China,
Tongding Internet Information Co., Ltd. specializes in the research
and development, manufacturing, sales and distribution of
communication cables and optical fibers. TD’s main products
include optical fibers, urban communication cables, communication
optical cables, railway signal cables, rail transit cables, radio
frequency (RF) cables, optical instruments, electromechanical
communication equipment, and ancillary products. TD is also
involved in mobile internet and Internet of Things application.Upon
the formation of this strategic partnership, UTStarcom and TD
intend to focus on developing their optical fiber cable businesses
in India as well as marketing and selling UTStarcom’s flagship PTN
and SyncRing products in China. UTStarcom’s CEO, Mr. Tim Ti
commented, “We are excited to partner with Tongding to further
capture our business opportunities around the world. The
partnership enables both companies to fully leverage our combined
sales channels, market presence, customer base and an expanded
portfolio of products. We look forward to building a long and
productive relationship with Tongding.”
About
UTStarcom Holdings Corp.UTStarcom is committed to helping
network operators offer their customers the most innovative,
reliable, and cost-effective communication services.
UTStarcom offers high performance advanced equipment optimized for
the most rapidly growing network functions, such as mobile
backhaul, metro aggregation and broadband access. UTStarcom is
further leveraging its technology expertise to bring smart
networked products to new applications, such as its GoBox automated
refrigerated dispenser for retail stores. Based in Hangzhou
China, UTStarcom has operations and customers around the world,
with a special focus on Japan and India. UTStarcom was
founded in 1991 and listed its shares on the Nasdaq Market in 2000
(symbol: UTSI).
For investor and media inquiries, please
contact: UTStarcom Holdings Corp. Tel: +852-3951-9757 Ms.
Fei Wang, Director of Investor Relations
Email: utsi-ir@utstar.com
In the United
States: The Blueshirt Group Mr. Ralph Fong Tel: +1 (415)
489-2195 Email: ralph@blueshirtgroup.com
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