Telestone Technologies Corp. (TSTC)

Company website:
Chinese: http://www.telestone.com
English:  http://www.telestoneus.com/

Company Overview:

Beijing Telestone Technology Co., Ltd founded in 1997, is a leading provider of TIPS (Telestone Intelligence Premises System). Telestone provides IPS related research on communication, network and information system technology research, products development and system integration for projects. The major customers are the telecom operators, radio and television operators, vertical enterprises, local governments and Institutions. Telestone was listed on NASDAQ Global Market in 2004, (stock code: TSTC)

Telestone has proprietary core technology solutions of wireless radio frequency, IP data, Broadcasting TV, building intelligent control and IT system in IPS, which include 400 proprietary products in 8 categories and won almost 100 patents on the technologies above. WFDS is the unique technology in the world which can provide mobile wireless, broadband Internet, radio, television, Internet system through one physical optical network.

Headquartered in Beijing, Telestone has set up subsidiaries in 30 provinces, autonomous regions and municipalities and also established overseas subsidiaries or offices in North and South America, Europe, and Southeast Asia.  

Telestone has been awarded "Class A Communication and Information System Integration Enterprise" and has passed ISO9001:2000, ISO14000, ISO18000 certification. Identified as "Important High-tech Enterprise", "post-doctoral research station", Beijing "Enterprise Technology Center", "Beijing Patent Model", Telestone is awarded as the "A-class Enterprise in Tax credit of Beijing" successively for many years.

Telestone currently has approximately 1,500 employees.

Telestone employs a group of first-class wireless communication experts in China. It has two technical centers which are responsible for developing wireless equipment and researching technology solutions. Telestone has also established 30 representative offices throughout China which offer technical support as well as system integration services for the wireless communication marketplace.

Telestone Technologies Awarded WFDS Contract for Beijing-Shanghai High-Speed Rail Project

BEIJING, Jan. 28, 2011 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation (Nasdaq:TSTC - News) ("Telestone" or the "Company"), a leading developer and provider of telecommunications local access networks in China, today announced that it has been awarded a WFDS contract by China Beijing-Shanghai High Speed Rail Shareholding Corporation Limited to install a Wireless Fiber-Optic Distribution System (WFDS)-enabled Unified Access Network (UAN) solution and the corresponding proprietary equipment in connection with the upcoming Beijing-Shanghai high-speed railway.

The contract calls for the installation of a WFDS-enabled Unified Access Network (UAN) solution and the corresponding proprietary equipment to satisfy the advanced communication needs all three carriers' subscribers-China Mobile, China Unicom, and China Telecom-for wireless broad-band Internet access, as well as 2G and 3G wireless cellular coverage.  The U.S. $10 million contract will cover project engineering and equipment supply and is scheduled for delivery by June 30, 2011.

"For the communication portion of our high-speed rail project, we are pleased to have selected Telestone, whose proprietary WFDS technology is uniquely suited for providing wireless voice and high-speed data service to our rail passengers," said Mr. Li Yunhui, General Manager of the Telecommunication Department of China Beijing-Shanghai High Speed Rail Shareholding Corporation Limited.

"We are gratified by our selection to provide our WFDS platform by China Beijing-Shanghai High Speed Rail Shareholding Corporation Limited, which is a highly visible application and a strong validation of our technology," commented Mr. Daqing Han, Founder, Chairman and CEO of Telestone. "We believe that this landmark deal opens up more market opportunities for our proprietary WFDS-enabled solutions for China's burgeoning high speed rail industry", continued Mr. Han.

About China Beijing-Shanghai High Speed Rail Shareholding Corporation Limited

China Beijing-Shanghai High Speed Rail Shareholding Corporation Limited is the operator of the 1,318-k.m. express rail link being built between two of the country's most affluent cities: Beijing and Shanghai.  The company was founded in January 2008 with registered capital of RMB 115 billion, though the high-speed railway will require a total investment of RMB 221 billion. The highly anticipated railway is expected to begin operation in 2011 and is expected to cut total travel time to four hours from about 10 hours at present.

Telestone Technologies Corp. - Top 3 Customers

 China Rank(mobile subscribers): #1
Worldwide Rank: #1
Subscribers: 667.2 Million (March 2012)
3G Subscribers: 59.56 Million (March 2012)
 

 With more than half a billion customers, China Mobile is the world's largest telecommunications group. The company also boasts the largest network of any mobile phone company. According to the company's website it now offers mobile coverage to over 97% of the Chinese population.

China Mobile is state owned and has largely restricted itself to the domestic market. To date its only venture abroad has been to Pakistan, where it purchased the PakTel brand in 2007.

News Update 11/11/2010:  We are delighted to note that the renowned credit rating agency, Moody's Investors Service, has upgraded the Company's credit rating from A1 to Aa3. According to Moody's, this action has been prompted by their recent decision to upgrade to Aa3 the ratings for the People's Republic of China. At the same time the outlook on the rating has been maintained at positive. The upgrade decision reflects the recognition of the strong financial performance and operating metrics of the Company. Moody's said this new rating also reflected the Company's underlying strength derived from its well established and leading position in China's fast-growing mobile telecommunications industry and ability to manage growth, both organic and acquired, such that its financial profile, consistent with a substantial net cash position, was of strong investment-grade quality.

WEBSITE: http://www.chinamobileltd.com/index.php

China Unicom (Hong Kong) Limited, through its subsidiaries, engages in the provision of GSM and WCDMA cellular and related telecommunications services in the People's Republic of China. The company offers cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, information communications technology services, business and data communications services, and domestic and international long distance and related services. Its 3G services include mobile Internet, mobile music, mobile TV, video handsets, mobile newspapers, and 3G data cards. As of December 31, 2009, it served approximately 144.845 million GSM subscribers in 31 provinces, municipalities, and autonomous regions; and 38.55 million fixed-line broadband subscribers in 335 cities in the Mainland China. The company also offers its services in the United States, Japan, and the United Kingdom. It has a strategic partnership with China International Futures Co., Ltd. to offer mobile futures trading service; and with Agricultural Bank of China to offer personal financial services, e-commerce business, mobile banking, mobile payment, and related value-added services. China Unicom (Hong Kong) Limited was founded in 2000 and is based in Central, Hong Kong. China Unicom (Hong Kong) Limited is a subsidiary of China United Network Communications Group Company Limited.

WEBSITE: http://www.chinaunicom.com.hk/en/home/default.html

China Telecommunications Corporation is an extra-large State-owned telecom operator in China, Global Partner of World Expo 2010 Shanghai, and was selected into the Top 500 Global Corporations for many consecutive years.   China Telecom mainly provides the integrated information services including the fixed-line telephone, mobile service, Internet connection and applications services. 

By the end of 2009,China Telecom owns 194 million fixed-line telephone subscribers, 62.36 million mobile (CDMA) subscribers, and 61.75 million broadband customers.

WEBSITE: http://en.chinatelecom.com.cn/index.html

Link to 2011 Q1 Earnings Conference Call: http://www.mzcan.com/cancast/us/index.php?id=usTSTC_15&version=e

Link to CEO Letter to Shareholders, March 2011: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60533322

Link to artist illustrations, schedule, capacity and other info on Telestone's new R/D-production facility: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61510088
 

Sept 2010 Investor Presentation: http://www.sec.gov/Archives/edgar/data/817129/000114420410049183/v196565_ex99-1.htm

6210 N Beltline Rd
Las Colinas Cluster
Irving, TX, 75063, U.S.A

Institutional Holdings

Daqing Han - CEO

Board of Directors:

 Annual Reports:

Year 2009 : 2009 Annual Report (PDF)

Year 2008: 2008 Annual Report (PDF)

Year 2007 : 2007 Annual Report (PDF)

Year 2006 : 2006 Annual Report (PDF)

Year 2005 : 2005 Annual Report (PDF)

Year 2004 : 2004 Annual Report (PDF)

Year 2003 : 2003 Annual Report (PDF)