CECT Introduces High Security Mobile Handset with Fingerprint Recognition
May 18 2007 - 7:39AM
Business Wire
Qiao Xing Mobile Communication Co., Ltd. (�Qiao Xing Mobile� or
�the Company�) (NYSE: QXM), one of China�s leading manufacturers of
mobile handsets through its CECT subsidiary, today announced the
introduction of the Company�s most innovative handset to date - the
T100- a information security mobile phone featuring fingerprint
recognition, ultra long standby, multimedia features such as
streaming TV. CECT Takes a Significant Step to Ensure Information
Security Qiao Xing Mobile believes CECT�s new T100 handset opens a
new era of mobile security by introducing fingerprint
identification technology. The Company believes this marks the
first time that information security technology with fingerprint
protections has been applied to personal handset among mobile phone
manufacturers in China. �The mobile handset industry has rapidly
expanded and diversified from voice-based communications to
data-driven applications, and as a result, we believe handset
security will start to become a significant concern,� commented
Chairman of CECT, Mr. Wu Zhi Yang. �We believe there is tremendous
market potential for handsets with technological features that are
designed to safeguard data on both the device and over the network.
Consumers have started to regularly use mobile phones for email and
instant messaging, but as wireless applications become more
sophisticated and telecom networks continue to increase their data
connection speeds, we think people are going to start using their
handsets to conduct such wireless transactions as electronic
banking, securities trading and internet shopping. The fingerprint
recognition scanner on our new T100 model will specifically ensure
that such confidential data that is stored on handsets remains
secure. This phone, which also offers a sleek design and ultra long
battery life in standby mode, marks the latest product release for
us that is designed with differentiated features that specifically
cater to mid to high-end mobile phone users.� T100 Distribution to
Include TV Shopping Currently, a campaign to promote the image of
CECT and its products has been launched through major mass media
outlets, including CCTV. Additionally, the Company has had
successful experience in selling its C1000 model though television
infomercials. CECT intends to replicate this with the T100, while
also using more traditional distribution channels to maximize the
new product�s market potential. About Qiao Xing Mobile
Communication Co., Ltd.: Qiao Xing Mobile Communication Co., Ltd.
is one of the leading domestic manufacturers of mobile handsets in
China in terms of unit sales volume. The Company manufactures and
sells mobile handsets based primarily on Global System for Mobile
Communications, or GSM, global cellular technologies. It operates
its business primarily through CEC Telecom Co., Ltd., or CECT, its
93.4%-owned subsidiary in China. Currently, all of its products are
sold under the "CECT" brand name. Through its manufacturing
facility in Huizhou, Guangdong Province, China, and two research
and development centers in Huizhou and in Beijing, the Company
develops, produces and markets a wide range of mobile handsets,
with increasing focus on differentiated products that generally
generate higher profit margins. Safe Harbor Statement This
announcement contains forward-looking statements, as defined in the
safe harbor provisions of the U.S. Private Securities Litigation
Reform Act of 1995. In some cases, these forward-looking statements
can be identified by words or phrases such as ��aim,��
��anticipate,�� ��believe,�� ��continue,�� ��estimate,��
��expect,�� ��intend,�� ��is /are likely to,�� ��may,�� ��plan,��
��potential,�� ��will�� or other similar expressions. Statements
that are not historical facts, including statements about Qiao Xing
Mobile�s beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement. Information regarding these factors is included in our
filings with the Securities and Exchange Commission. Qiao Xing
Mobile does not undertake any obligation to update any
forward-looking statement, except as required under applicable law.
All information provided in this press release is as of May 18,
2007, and Qiao Xing Mobile undertakes no duty to update such
information, except as required under applicable law.
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