China GrenTech Wins Sizable Bid on RF Module Order for the First Half of 2009
December 22 2008 - 8:00AM
PR Newswire (US)
SHENZHEN, China, Dec. 22 /PRNewswire-Asia-FirstCall/ -- China
GrenTech Corporation Limited (Nasdaq: GRRF, the "Company" or "China
GrenTech") announced that it has won its bid to produce RF modules
for a globally recognized and the leading Chinese manufacturer of
CDMA and WCDMA base station duplexer and filter series. Based on
the manufacturer's estimates, the contract value is approximately
RMB45 million. It is expected that product delivery will be
completed in the first half of 2009. Mr. Gao Yingjie, Chairman of
China GrenTech, said, "We are very pleased with the successful win
and believe that this will further enhance the growth of our RF
business for the first half of 2009. As the number of RF module
customers and their order volumes grow, our ability to select
quality orders, and hence our profit margins, will improve." Mr.
Gao added, "In addition, the recent developments have been very
encouraging for our business which includes the Chinese
government's RMB4 trillion stimulus package, the confirmation on
the issuance of 3G license and the resumption of 2G network
construction investment plans by the operators following the
completion of the restructuring of the Chinese telecommunication
industry. Moreover, global communications equipment manufacturers
continue to increase procurements from China and, as a qualified
supplier for the top 3 international base station manufacturers, we
will benefit from this continued outsourcing trend. We expect that
these factors, taken together, will present ample opportunities in
both our base station RF module and our wireless coverage
businesses going forward." About China GrenTech China GrenTech is a
leading developer of radio frequency ("RF") technology and product
developer and a leading wireless coverage product and services
provider in China. The Company uses RF technology to develop and
manufacture wireless coverage products, which enable
telecommunication operators to expand the reach of their wireless
communication networks both indoors and outdoors, including
buildings, highways, railways, tunnels and remote regions. China
GrenTech provides wireless coverage services, including the design,
installation and warranty services for its coverage products. Based
on its in-house RF technology platform, the Company also develops
and produces base station RF modules sold to base station
manufacturers. China GrenTech is a qualified supplier of RF modules
to several major base station manufacturers and the major supplier
of RF modules for Huawei Technologies and ZTE Corporation. For more
information, please visit http://www.grentech.com.cn/ . For more
information, please contact: Investor Contact: Kent Lo, IR Manager
China GrenTech Corp Ltd. Tel: +86-755-2650-3007 Email: Investor
Relations (US): Delia Cannan Taylor Rafferty Tel: +1-212-889-4350
Email: Investor Relations (HK): Ruby Yim Taylor Rafferty Tel:
+852-3196-3712 Email: Media Contact: Jason Marshall Taylor Rafferty
Tel: +1-212-889-4350 Email: DATASOURCE: China GrenTech Corporation
Limited CONTACT: Investor Contact: Kent Lo, IR Manager, China
GrenTech Corp Ltd., +86-755-2650-3007, or ; or Investor Relations
(US): Delia Cannan, Taylor Rafferty, +1-212-889-4350, or
GrenTech@Taylor- Rafferty.com; or Investor Relations (HK): Ruby
Yim, Taylor Rafferty, +852- 3196-3712, or ; or Media Contact: Jason
Marshall, Taylor Rafferty, +1-212-889-4350, or Web site:
http://www.grentech.com.cn/
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