China GrenTech Won Centralized Bid to Supply CDMA Wireless Coverage ...

Tag : CDMA

China GrenTech believes that this winning bid from China Telecomwould potentially boost its wireless coverage revenue in the comingquarters.

About China GrenTech
China GrenTech is a leading developer of radio frequency("RF") technology in China and a leading provider ofwireless coverage products and services in China. The Company usesRF technology to design and manufacture wireless coverage products,which enable telecommunication operators to expand the reach oftheir wireless communication networks to indoor and outdoor areas,such as buildings, highways, railways, tunnels and remote regions.China GrenTech's wireless coverage services include design,installation and project warranty services. The Company alsotailors the design and configuration of its wireless coverageproducts to the specific requirements of its customers.

Based on its in-house RF technology platform, the Company alsodevelops and produces base station RF parts and components sold tobase station manufacturers. China GrenTech is a qualified supplierof RF parts and components to six major base station manufacturersincluding Huawei Technologies and ZTE Corporation. For moreinformation, please visit http://www.grentech.com.cn/ .

"Safe Harbor" Statement under the Private SecuritiesLitigation Reform Act of 1995
Statements contained in this press release that are not historicalfacts are forward-looking statements, as that term is defined inthe Private Securities Litigation Reform Act of 1995.Forward-looking statements, including financial projections andforecasts, involve risks and uncertainties that could cause theCompany's actual results to differ materially from its currentexpectations. Factors that could cause the Company's results todiffer materially from those set forth in these forward-lookingstatements include the Company's reliance on business relationshipswith the Chinese telecom operators and base station manufacturers;the risk that the Company will continue to experience downwardpressure on the pricing of its products and services due to thetelecom operators' bidding policies or other factors; the risk thatthe telecom operators in China will not expand or maintain theirspending on 2G, 3G, WLAN or other network projects; uncertainty asto the future demand for base station RF products by domestic orinternational base station manufacturers, including the risk thatdemand in China or elsewhere for base stations may not grow as theCompany's management anticipates; risks associated with largeaccounts receivable, long collection periods and accountsreceivable cycles and uncertainty as to whether new operatorpolicies will improve such cycles in the long-term; fiercecompetition in the wireless communication industry; growth of, andrisks inherent in, the wireless communication industry in China,including uncertainties regarding the timing and nature of anyfuture restructuring of the telecom operators in China and therisks that such restructuring will not result in expandedinvestments to expand network coverage or quality; uncertainty asto future profitability and the Company's ability to obtainadequate financing for its planned capital expenditurerequirements; its reliance on third parties to carry out theinstallation of its wireless coverage products; uncertainty as toits ability to continuously develop and manufacture new RFtechnologies and keep up with changes in RF technologies; risksassociated with possible defects and errors in its wirelesscoverage products or RF products; uncertainty as to the Company'sability to protect and enforce its intellectual property rights;and uncertainty as to the Company's ability to attract and retainqualified executives and personnel, particularly in its researchand development department. Other factors that may causes theCompany's actual results to differ from those set forth in theforward-looking statements contained in this press release and thatmay affect its prospects in general are described in the Company'sfilings with the Securities and Exchange Commission, including itsRegistration Statement on Form F-1 related to its initial publicoffering and its annual reports on Form 20-F. The Companyundertakes no obligation to update or revise forward-lookingstatements to reflect subsequent events or changed assumptions orcircumstances.

For more information, please contact:

Investor Contact:
Kent Lo
Investor Relations Manager
China GrenTech Corp Ltd.
Tel: +86-755-2650-3007
Email: kentlo@grentech.com.cn

Investor Relations (US):
Delia Cannan
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com

Investor Relations (HK):
Ruby Yim
Taylor Rafferty
Tel: +852-3196-3712
Email: GrenTech@Taylor-Rafferty.com

Media Contact:
Jason Marshall
Taylor Rafferty
Tel: +1-212-889-4350
Email: GrenTech@Taylor-Rafferty.com

China GrenTech Corporation Limited

CONTACT: Investor Contact, Kent Lo, Investor Relations Manager,ChinaGrenTech Corp Ltd., +86-755-2650-3007, orkentlo@grentech.com.cn; InvestorRelations (US), Delia Cannan ofTaylor Rafferty, +1-212-889-4350, orGrenTech@Taylor-Rafferty.com;Investor Relations (HK), Ruby Yim of TaylorRafferty,+852-3196-3712, or GrenTech@Taylor-Rafferty.com; MediaContact,Jason Marshall of Taylor Rafferty, +1-212-889-4350,orGrenTech@Taylor-Rafferty.com, all for China GrenTech CorporationLimited

Web site: http://www.grentech.com.cn/

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