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The conference and signing ceremony of the second convention on the Chinese government's purchase of Zhongguancun self-developed products was held on April 23, 2009, which was jointly organized by the National Development and Reform Commission, the Beijing Science and Technology commission, the Beijing Industry Promotion Bureau, the Finance Bureau of Beijing, and the Administrative Committee of Z-park. 'The 3rd Catalog of the Self-Developed Products in Beijing City' was released for this conference. Telestone Technologies Corporation, through its subsidiary, Beijing Telestone Technology Co., Ltd., had six self-developed products selected to be included in this catalog, namely TD-SCDMA repeater TS-OR14-RB, CDMA repeater TS-OR02RB-33U, CDMA repeater TS-OR02RB-27U, card ceiling antenna, wideband omni-directional antenna, and log period antenna.
Government purchases of self-developed products through the 'Catalog of the Self-Developed Products' published by Z-park aims to create incentive for self-development capabilities of high-tech enterprises in Beijing, leading to the increased development of high-tech industries in the city. These purchases also increase publicity for self-developed products of certain enterprises.
In the 'The 3rd Catalog of the Self-Developed Products in Beijing City', through expert review, 107 self-developed products were selected to be included in the catalog. Six of our self-developed products were selected, which we believe reflect our continued research and development efforts.
About Telestone Technologies Corporation
Telestone provides wireless communications coverage solutions primarily in the PRC. These solutions include products such as repeaters, antennas and radio accessories. Telestone also provides services that include project design, project management, installation, maintenance and other after-sales services.
Safe Harbor Statement
Statements about Telestone's future expectations, including future revenue and earnings and all other statements in this press release, other than historical facts, are "forward-looking" statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time. The Telestone's actual results could differ materially from expected results. In reflecting subsequent events or circumstances, Telestone undertakes no obligation to update forward-looking statements.
For further information please contact:
Telestone Technology Corp
Ya Ding
Tel: +86-10-8367-0088 x1231
Email: dingxiaoya@telestone.com
Jean Wen
Tel: +86-10-8367-0088 x1232
Email: wenjing@telestone.com
Dan Shang
Tel: +86-10-8367-0088 x1233
Email: zongbushangdan@telestone.com
SOURCE Telestone Technologies Corporation Ltd.
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