BEIJING, Jan. 20 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies
Corporation (Nasdaq: TSTC; "Telestone" or the "Company") a leading developer
of local access network solutions, products, and engineering services
announced today it has secured a new project from China Mobile Communications
Corporation ("CMCC') Liaoning branch to install the Company's Wireless Fiber
Optic Distribution System ("WFDS(TM)") for CMCC's customers at three colleges
located in "Campus City" in Yingkou, Liaoning Province. Telestone's WFDS(TM)
system will simultaneously provide Wi-Fi service in 47 buildings, high speed
internet access for more than 3,000 homes and offices, in addition to 2/3G
cellular service for more than 20,000 subscribers of CMCC communication
services.
Telestone responded to the request for quotations in June 2009 and in
January of 2010 won the contract to install its WFDS(TM) system to provide an
uniform indoor and outdoor local access network for 2G, 3G, Wi-Fi and internet
coverage to service the Campus City population. The WFDS(TM) system will
deliver GSM900MHz, GSM1800MHz and TD-SCDMA 2100MHz 3G network wireless signals
to all campus areas and also provide IP fixed line services such as; land-line
phone services, Wi-Fi internet services, high-speed internet services and in
the future, television programming to the location. This is the first time
Telestone has provided an extensive WFDS(TM) access network system to a
higher-education setting for a telecom carrier like CMCC.
"Less intrusion in our structures, easy maintenance and quick installation
were some of the reasons we selected Telestone," stated Qingwei Zhang, Vice
President of Campus City in Yingkou. "A system that can provide a variety of
network services that would allow us to expand services from additional
providers was also a consideration for us in the long term," Zhang concluded.
Telestone estimates the contract value at $4 million and will begin
preliminary on-site installations in January 2010. The Company expects to
complete the project by July 31st of 2010.
"The clear advantages of our system are gaining momentum with our 'Big 3'
customers and end users in China," began Chairman and CEO Daqing Han of
Telestone. "China has a unique telecommunications environment since each of
our telecom customers have different network protocols. For traditional
access network, technologies such as booster-antenna systems for wireless, LAN
or Wi-Fi for IP, internet, and also twist wire for phone lines made the signal
access to the remote area in local areas very complex and costly for all three
of the telecom carriers. Universities are not immune to these complexities
and we have identified large campuses as target markets for WFDS(TM) along
with traditional residential areas. We are pleased to report that CMCC
Liaoning and Campus City in Yingkou have seen the advantages of our systems
and we anticipate a smooth and quick installation of our WFDS(TM) system," Han
concluded.
About Telestone's WFDS(TM) Technology
Telestone's proprietary technology, Wireless Fiber-optics Distribution
System(TM) (WFDS(TM)) is a local access network technology concept invented in
2005 to address the multi-signal cellular networks in China. WFDS(TM) systems
and its related hardware components were approved by all three Chinese
telecommunications companies in 2008 and further approved by the US-FCC in
October of 2009. WFDS(TM) technology can deliver all three cellular signals
in China (GSM, WCDMA & CDMA) in additional to Wi-Fi, direct access broadband,
CATV, fixed line voice and data and closed circuit TV though a combination of
fiber optic fixed lines, and multi-signal antennae. Telestone can install a
WFDS(TM) network for both indoor and outdoor uses. Telestone Technologies
contests that property owners favor technology solutions which can access to
all the carriers' cellular signal but also be cost effective, scalable, and
easy to install. Telestone estimates more than 50% its revenue will derive
from WFDS(TM) technology based projects and equipment sales in 2010 and
reports that WFDS(TM) the Company's highest margin product line.
About Telestone Technologies Corporation
Telestone is a leading innovator in local access network technologies and
solutions. Telestone is a global company with 26 sales offices throughout
China and a network of international branch offices and sales agents. For
more than 10 years, Telestone has been installing radio-frequency based 1G and
2G systems throughout China for China's leading telecommunications companies.
After intensive research on the demands of carriers in the 3G age, Telestone
developed its third generation technology, WFDS(TM) (Wireless Fiber-Optics
Distribution System), which provides a scalable, multi-access local access
network solution for China's three cellular protocols. Telestone offers
services that include project design, project manufacturing, installation,
maintenance and after-sales support. Telestone Technologies has approximately
1,200 employees.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the
business of Telestone Technologies Corporation and its subsidiary companies.
Forward looking statements can be identified by the use of forward-looking
terminology such as "believes, expects" or similar expressions. Such forward
looking statements involve known and unknown risks and uncertainties,
including all business uncertainties relating to product development,
marketing, concentration in a single customer, raw material costs, market
acceptance, future capital requirements, competition in general and other
factors that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected. Certain of
these risks and uncertainties are or will be described in greater detail in
our filings with the Securities and Exchange Commission. Telestone
Technologies is under no obligation to (and expressly disclaims any such
obligation to) update or alter its forward-looking statements whether as a
result of new information, future events or otherwise. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such state or
jurisdiction.
For further information, contact:
Company:
Ren Hu, Board Secretary
Tel: +1-201-887-0415
Email: huren@telestone.com
Investor Relations:
John Mattio
HC International Inc.
Tel: +1-203-616-5144
Email: john.mattio@hcinternational.net
SOURCE Telestone Technologies Corporation