CECT Introduces High Security Mobile Handset with Fingerprint Recognition.BEIJING, China -- Qiao Xing Mobile Communication Co., Ltd. ("Qiao Xing Mobile" or "the Company") (NYSE NYSE See: New York Stock Exchange : QXM QXM Qiao Xing Mobile Communication (stock symbol) ), one of China's leading manufacturers of mobile handsets through its CECT CECT Contrast Enhanced Computed Tomography CECT Chemical Engineering and Chemical Technology subsidiary, today announced the introduction of the Company's most innovative handset to date - the T100- a information security mobile phone featuring fingerprint recognition Fingerprint recognition or fingerprint authentication refers to the automated method of verifying a match between two human fingerprints. Fingerprints are one of many forms of biometrics used to identify an individual and verify their identity. , ultra long standby, multimedia features such as streaming TV. CECT Takes a Significant Step to Ensure Information Security Qiao Xing Mobile believes CECT's new T100 handset opens a new era of mobile security by introducing fingerprint identification technology. The Company believes this marks the first time that information security technology with fingerprint protections has been applied to personal handset among mobile phone manufacturers in China. "The mobile handset industry has rapidly expanded and diversified from voice-based communications to data-driven applications, and as a result, we believe handset security will start to become a significant concern," commented Chairman of CECT, Mr. Wu Zhi Please [improve the article] or discuss this issue on the talk page. Yang. "We believe there is tremendous market potential for handsets with technological features that are designed to safeguard data on both the device and over the network. Consumers have started to regularly use mobile phones for email and instant messaging Exchanging text messages in real time between two or more people logged into a particular instant messaging (IM) service. Instant messaging is more interactive than e-mail because messages are sent immediately, whereas e-mail messages can be queued up in a mail server for seconds or , but as wireless applications become more sophisticated and telecom networks continue to increase their data connection speeds, we think people are going to start using their handsets to conduct such wireless transactions as electronic banking, securities trading and internet shopping. The fingerprint recognition scanner on our new T100 model will specifically ensure that such confidential data that is stored on handsets remains secure. This phone, which also offers a sleek design and ultra long battery life in standby mode, marks the latest product release for us that is designed with differentiated features that specifically cater to mid to high-end mobile phone users." T100 Distribution to Include TV Shopping Currently, a campaign to promote the image of CECT and its products has been launched through major mass media outlets, including CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television . Additionally, the Company has had successful experience in selling its C1000 model though television infomercials. CECT intends to replicate this with the T100, while also using more traditional distribution channels to maximize the new product's market potential. About Qiao Xing Mobile Communication Co., Ltd.: Qiao Xing Mobile Communication Co., Ltd. is one of the leading domestic manufacturers of mobile handsets in China in terms of unit sales unit sales Sales measured in terms of physical units rather than dollars. Unit sales data are often used by financial analysts when evaluating the health of a company. volume. The Company manufactures and sells mobile handsets based primarily on Global System for Mobile Communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. , or GSM, global cellular technologies. It operates its business primarily through CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. Telecom Co., Ltd., or CECT, its 93.4%-owned subsidiary in China. Currently, all of its products are sold under the "CECT" brand name. Through its manufacturing facility in Huizhou, Guangdong Province, China, and two research and development centers in Huizhou and in Beijing, the Company develops, produces and markets a wide range of mobile handsets, with increasing focus on differentiated products that generally generate higher profit margins. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This announcement contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In some cases, these forward-looking statements can be identified by words or phrases such as ''aim,'' ''anticipate,'' ''believe,'' ''continue,'' ''estimate,'' ''expect,'' ''intend,'' ''is /are likely to,'' ''may,'' ''plan,'' ''potential,'' ''will'' or other similar expressions. Statements that are not historical facts, including statements about Qiao Xing Mobile's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Mobile does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of May 18, 2007, and Qiao Xing Mobile undertakes no duty to update such information, except as required under applicable law. |
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