China GrenTech Corporation Limited Announces Winning Bid for Base Station System Integration Services
SHENZHEN, China -- China GrenTech Corporation Limited ( GRRF, "the Company", or "GrenTech"), a leading China-based provider of radio frequency ("RF") and wireless coverage products and services, today announced that it has won its first bid for base station system integration services from Guangzhou Mobile, China Mobile Limited's provincial subsidiary. GrenTech will provide Guangzhou Mobile local fiber transmission network and access integration services.
Mr. Qi Wang, Vice President and Head of Wireless Coverage business for GrenTech said, "This first bid win is a demonstration of our ability to extend our in-depth expertise in wireless coverage integration services to base station systems. Our wireless coverage experience has allowed us to develop a competitive advantage in integration services, which was crucial in obtaining the base station integration service bid from Guangzhou Mobile. During the bidding process, the pilot run of our system's Zero Fault operation showcased to Guangzhou Mobile our strong and proven technical capabilities in delivering high quality and reliable services. As a result, we were selected as one of the successful bid winners amongst 58 service providers. Moving forward, we will continue to expand our integration service capabilities to other application areas in order to execute our growth plan."
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.
Mr. Qi Wang, Vice President and Head of Wireless Coverage business for GrenTech said, "This first bid win is a demonstration of our ability to extend our in-depth expertise in wireless coverage integration services to base station systems. Our wireless coverage experience has allowed us to develop a competitive advantage in integration services, which was crucial in obtaining the base station integration service bid from Guangzhou Mobile. During the bidding process, the pilot run of our system's Zero Fault operation showcased to Guangzhou Mobile our strong and proven technical capabilities in delivering high quality and reliable services. As a result, we were selected as one of the successful bid winners amongst 58 service providers. Moving forward, we will continue to expand our integration service capabilities to other application areas in order to execute our growth plan."
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.
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