Up to 150,000 Units of Dual Mode and Dual Call Waiting GSM/CDMA Smartphones, Under the Label 'CECT CoolPAD 728,' Purchased By Ch
December 28 2005 - 9:30AM
PR Newswire (US)
The Purchase Order From China Unicom Amounts to USD108 Million
HUIZHOU, Guangdong, China, Dec. 28 /Xinhua-PRNewswire/ -- Qiao Xing
Universal Telephone, Inc. (NASDAQ:XING) announced today that China
Unicom (NYSE:CHU) has recently placed orders for 150,000 units of
the world's first model of dual mode and dual call waiting GSM/CDMA
smartphone, the 'CECT CoolPAD 728.' This purchase order is worth
USD108 million and the shipment is expected to commence early 2006.
Prior to this purchase, more than 120,000 units of the 'CECT
CoolPAD 858' model of dual mode smartphone had been supplied to
China Unicom. The 'CECT CoolPAD 728' is compatible with five
frequency bands on the CDMA and GSM networks (CDMA800HZ,
CDMA1900MHz, GSM900HZ, GSM1800HZ and GSM1900MHz), and has two SIM
slots (one for a GSM card, the other for a CDMA card). Unique
features include: -- It supports both the GSM and CDMA
environments. -- It can take two incoming calls simultaneously (one
from the CDMA network, the other from the GSM network). This
feature makes it more competitive than other models of dual mode
GSM/CDMA smartphones. With dual CPUs, 'CECT CoolPAD 728' has almost
all the other sophisticated functions of other smartphones,
including PDA, Microsoft Office support, Internet access, MSN &
QQ Messenger, and an English-Chinese dictionary with simultaneous
pronunciation. 'CECT CoolPAD 728' is the result of close
cooperation between China Unicom, China Wireless Technology, Inc.,
a Hong Kong Listed Company, and CEC Telecom Co., Ltd. Mr. Wu Zhi
Yang, Chairman of CECT said, 'We have achieved great success
through our cooperation with PALM, MiTAC and Microsoft, in the
field of smartphones. Through cooperation with these famous
companies, we are able to continually improve our R&D
capacities and expect more success in carrying out our established
'High-end Mobile Phone Strategy' (Multimedia Mobile phone
Strategy).' It is expected that China Unicom will place more orders
for this new model of dual mode GSM/CDMA smartphone upon getting a
good market reception. About Qiao Xing Universal Telephone, Inc.
Qiao Xing Universal Telephone, Inc. (NASDAQ:XING) is one of China's
largest manufacturers and distributors of telecommunications
products. The Company has grown its net sales from approximately
$46.4 million in 1997 to more than $244 million in 2004. The
Company's product portfolio includes telecommunications terminals
and related products including fixed wireless phones, VoIP
telephone and advanced mobile phones with the latest features, and
on the consumer electronic side products include MP3 players, cash
registers and set- top-box products. XING currently distributes
over 260 models of corded and cordless telephones and is one of
China's largest distributors of indoor phones. The Company has
built a strong distribution network comprised of more than 5,000
retail stores throughout China and has established partnerships
with major retailers in Europe, North America and Latin America,
including Bellsouth and Wal-mart. For more details, please visit
http://www.cosun-xing.com/ . Forward-looking statements This
release contains certain forward-looking statements concerning
recent and future economic performance and the plans and objectives
of management for future operations. These forward-looking
statements can be identified by the use of such words as "project,"
"expect," and "anticipate," and variations of such words. Such
forward-looking information involves risks and uncertainties that
include, but not limited to, those relating to economical,
political, legal and social conditions in the People's Republic of
China, dependence upon key management personnel, competition,
material factors relating to the operations of the business, and
domestic and global economic conditions. DATASOURCE: Qiao Xing
Universal Telephone, Inc. CONTACT: Rick Xiao, IR Director of Qiao
Xing Universal Telephone, Inc., +86-752-282-0268, Web site:
http://www.cosun-xing.com/
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