Qualcomm Inc (QCOM)

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TechFaith Releases First 3G Phone
Thursday October 27, 9:13 am ET

http://biz.yahoo.com/prnews/051027/lnth008.html?.v=1

BEIJING, Oct. 27 /PRNewswire-FirstCall/ -- China TechFaith Wireless Communication Technology Limited (Nasdaq: CNTF - News), a handset application software and handset solution provider based in China, today announced it has released its first 3G phone. The phone is available in Italy and features Qualcomm's 6250 chipset, with WCDMA/GSM mode. The candy bar shaped phone is 19mm thick, with 64MB memory capable front 100K and rear 300K pixel cameras.

Defu Dong, Chief Executive Officer of TechFaith, said, "This is a very important milestone for TechFaith as it expands our presence internationally and expands our offerings of products with advanced technology. 3G phones are appealing to consumers because of their support for applications other than voice, such as high speed Internet, video on demand services, graphics and video games. We expect our first 3G phone to be a successful product based on the strength of the phone itself, combined with the brand owner and the carrier that we are working with. We intend to customize this product for additional carriers."

According to QUALCOMM Incorporated, well over 128 million people around the world now subscribe to 3G wireless services based on CDMA2000 and WCDMA (UMTS). Services based on these ITU-approved standards have been launched by 104 operators in 46 countries.

About China TechFaith

China TechFaith is one of the largest handset application software and handset solution providers based in China. With the technology capabilities in developing MMI on GSM/GPRS, CDMA1X, EVDO, WCDMA/UMTS, HSDPA, TD-SCDMA and Wi- Fi technologies, China TechFaith is able to provide MMI software which fulfills the major global operators' standards. China TechFaith provides handset application software including WAP, Java, MMS, WWW browser, SyncML, DRM, etc. China TechFaith also provides total solutions for handset software development. In addition, China TechFaith has the capability to develop Smart Phone based on Linux, Windows CE and Brew operation systems. Based on the above technology capabilities, China TechFaith provides full range services in handset design to satisfy different customers' needs. Our services include (i) handset design solution; (ii) turkey software and design solution on chipset; (iii) application software; and (iv) wireless module and wireless application products. For more information visit www.techfaithwireless.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as China TechFaith's strategic and operational plans, contain forward-looking statements. China TechFaith may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about China TechFaith's beliefs and expectations, are forward-looking statements. Forward- looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, China TechFaith's limited operating history, mobile handset brand owners' discontinuation or reduction of the use of independent design houses, China TechFaith's ability to retain existing or attract additional international customers, China TechFaith's earnings or margin declines, failure of competing against new and exist competitors, and other risks outlined in China TechFaith's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1, as amended. China TechFaith does not undertake any obligation to update any forward-looking statement, except as required under applicable law.


CONTACTS:
In China:
Ms. Yuping OuYang
Tel: [phone]
[e-mail]

In the U.S.:
David Pasquale, EVP at The Ruth Group
Tel: [phone]
[e-mail]




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Source: China TechFaith Wireless Communication Technology Limited