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China GrenTech Selected to Be Exclusive WLAN Provider for World Expo 2010 Shanghai China
SHENZHEN, China, March 26 -- China GrenTech Corporation Limited (Nasdaq: GRRF, "the Company", or "GrenTech"), a leading China-based provider of radio frequency ("RF") and wireless coverage products and services, today announced that in preparation for the communication network deployment for World Expo 2010 Shanghai, China ("Expo"), GrenTech has been selected by China Mobile as the Expo's exclusive wireless local area network ("WLAN") service provider. The Company will provide services that include equipment deployment, installation and testing. In addition, GrenTech is selected by China Telecom to build the Trans European Trunked Radio (TETRA) and WLAN system for the China Pavilion, the landmark of the Expo site.
Mr. Yingjie Gao, Chairman and Chief Executive Officer, said, "We are very pleased to be the exclusive WLAN service provider selected by China Mobile for the Expo, another landmark event hosted by China following the 2008 Olympic Games in Beijing. When the Expo begins on May 1, 2010, we expect high traffic volume from wireless users in the numerous pavilions, and we will provide top quality and reliable communication access and services for Expo attendees. Our selection as the exclusive WLAN provider by China Mobile is another strong demonstration that GrenTech is best positioned to provide such services, as we leverage our high-quality products and long-standing and proven service track record. We plan to install more than 2,000 WLAN access points to fully cover the Expo's grounds. In addition, we will deploy a technical service team comprised of many wireless coverage experts from our branch offices, including Shanghai, Guangdong, Yunnan, Guizhou, Anhui, Shanxi, Xinjiang and Henan, in order to guarantee high-quality service for the Expo."
About China GrenTech
GrenTech is a leading developer of radio frequency ("RF") technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas, such as buildings, highways, railways, tunnels and remote regions. GrenTech's wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.
Based on its in-house RF technology platform, the Company also develops and produces base station RF parts and components sold to base station manufacturers. GrenTech is a qualified supplier of RF parts and components to the global and domestic major base station manufacturers including Ericsson (China) Corporation Ltd, Nokia Siemens Network, Huawei Technologies and ZTE Corporation. For more information, please visit http://www.grentech.com.cn/ .
Forward-Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause the Company's actual results to differ materially from its current expectations. Factors that could cause the Company's results to differ materially from those set forth in these forward-looking statements include: the Company's reliance on business relationships with the Chinese telecommunication operators and base station manufacturers; the ability of the Company to avoid disruption to its business caused by changes in the Board; the ability of the Company to recruit and retain suitable Board members; the risk that the Company will continue to experience downward pressure on the pricing of its products and services due to the telecommunication operators' bidding policies or other factors; the risk that the telecommunication operators in China will not expand or maintain their spending on 2G, 3G, WLAN or other network projects; uncertainty as to the future demand for base station RF products by domestic or international base station manufacturers, including the risk that demand in China or elsewhere for base stations may not grow as the Company's management anticipates; and uncertainty as to the Company's ability to attract and retain qualified executives and personnel, particularly in its research and development department. Other factors that may causes the Company's actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect its prospects in general are described in the Company's filings with the Securities and Exchange Commission, including its Registration Statement on Form F-1 related to its initial public offering and its annual reports on Form 20-F. The Company undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
For more information, please contact:
Investor Contact:
Cat Zhang, Investor Relations Manager
China GrenTech Corp Ltd.
Tel: +86-755-2650-3007
Email: investor@grentech.com.cn
Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: GrenTech@Taylor-Rafferty.com
Investor Relations (US):
Delia Cannan
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com
Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com
Source: China GrenTech Corporation Limited
CONTACT: Investor Contact: Cat Zhang, Investor Relations Manager of China
GrenTech Corp Ltd., +86-755-2650-3007, or investor@grentech.com.cn; Or
Investor Relations (HK): Ruby Yim of Taylor Rafferty, +852-3196-3712, or
GrenTech@taylor-rafferty.com; Or Investor Relations (US): Delia Cannan of
Taylor Rafferty, +1-212-889-4350, or GrenTech@taylor-rafferty.com; Or Media
Contact: Jason Marshall of Taylor Rafferty, +1-212-889-4350, or
GrenTech@taylor-rafferty.com
Web site: http://www.grentech.com.cn/
China GrenTech Selected to Be Exclusive WLAN Provider for World Expo 2010 Shanghai China
SHENZHEN, China, March 26 -- China GrenTech Corporation Limited (Nasdaq: GRRF, "the Company", or "GrenTech"), a leading China-based provider of radio frequency ("RF") and wireless coverage products and services, today announced that in preparation for the communication network deployment for World Expo 2010 Shanghai, China ("Expo"), GrenTech has been selected by China Mobile as the Expo's exclusive wireless local area network ("WLAN") service provider. The Company will provide services that include equipment deployment, installation and testing. In addition, GrenTech is selected by China Telecom to build the Trans European Trunked Radio (TETRA) and WLAN system for the China Pavilion, the landmark of the Expo site.
Mr. Yingjie Gao, Chairman and Chief Executive Officer, said, "We are very pleased to be the exclusive WLAN service provider selected by China Mobile for the Expo, another landmark event hosted by China following the 2008 Olympic Games in Beijing. When the Expo begins on May 1, 2010, we expect high traffic volume from wireless users in the numerous pavilions, and we will provide top quality and reliable communication access and services for Expo attendees. Our selection as the exclusive WLAN provider by China Mobile is another strong demonstration that GrenTech is best positioned to provide such services, as we leverage our high-quality products and long-standing and proven service track record. We plan to install more than 2,000 WLAN access points to fully cover the Expo's grounds. In addition, we will deploy a technical service team comprised of many wireless coverage experts from our branch offices, including Shanghai, Guangdong, Yunnan, Guizhou, Anhui, Shanxi, Xinjiang and Henan, in order to guarantee high-quality service for the Expo."
About China GrenTech
GrenTech is a leading developer of radio frequency ("RF") technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas, such as buildings, highways, railways, tunnels and remote regions. GrenTech's wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers.
Based on its in-house RF technology platform, the Company also develops and produces base station RF parts and components sold to base station manufacturers. GrenTech is a qualified supplier of RF parts and components to the global and domestic major base station manufacturers including Ericsson (China) Corporation Ltd, Nokia Siemens Network, Huawei Technologies and ZTE Corporation. For more information, please visit http://www.grentech.com.cn/ .
Forward-Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including financial projections and forecasts, involve risks and uncertainties that could cause the Company's actual results to differ materially from its current expectations. Factors that could cause the Company's results to differ materially from those set forth in these forward-looking statements include: the Company's reliance on business relationships with the Chinese telecommunication operators and base station manufacturers; the ability of the Company to avoid disruption to its business caused by changes in the Board; the ability of the Company to recruit and retain suitable Board members; the risk that the Company will continue to experience downward pressure on the pricing of its products and services due to the telecommunication operators' bidding policies or other factors; the risk that the telecommunication operators in China will not expand or maintain their spending on 2G, 3G, WLAN or other network projects; uncertainty as to the future demand for base station RF products by domestic or international base station manufacturers, including the risk that demand in China or elsewhere for base stations may not grow as the Company's management anticipates; and uncertainty as to the Company's ability to attract and retain qualified executives and personnel, particularly in its research and development department. Other factors that may causes the Company's actual results to differ from those set forth in the forward-looking statements contained in this press release and that may affect its prospects in general are described in the Company's filings with the Securities and Exchange Commission, including its Registration Statement on Form F-1 related to its initial public offering and its annual reports on Form 20-F. The Company undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or changed assumptions or circumstances.
For more information, please contact:
Investor Contact:
Cat Zhang, Investor Relations Manager
China GrenTech Corp Ltd.
Tel: +86-755-2650-3007
Email: investor@grentech.com.cn
Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: GrenTech@Taylor-Rafferty.com
Investor Relations (US):
Delia Cannan
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com
Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com
Source: China GrenTech Corporation Limited
CONTACT: Investor Contact: Cat Zhang, Investor Relations Manager of China
GrenTech Corp Ltd., +86-755-2650-3007, or investor@grentech.com.cn; Or
Investor Relations (HK): Ruby Yim of Taylor Rafferty, +852-3196-3712, or
GrenTech@taylor-rafferty.com; Or Investor Relations (US): Delia Cannan of
Taylor Rafferty, +1-212-889-4350, or GrenTech@taylor-rafferty.com; Or Media
Contact: Jason Marshall of Taylor Rafferty, +1-212-889-4350, or
GrenTech@taylor-rafferty.com
Web site: http://www.grentech.com.cn/