Wt At1coco Gbph (LSE:COGO)
Historical Stock Chart
From May 2019 to May 2024
Comtech Group to Provide Line Card Components to Huawei
Technology
SHENZHEN, China, Dec. 6 /PRNewswire-FirstCall/ -- Comtech Group, Inc.
(OTC:COGO.OB) (BULLETIN BOARD: COGO.OB) , a leading module design solutions
provider in China focused on the mobile handset and telecom equipment
industries, announced today that its subsidiary, Shenzhen Comtech International
Limited, has entered into a new contract with Huawei Technology Co., Ltd
("Huawei"), the largest telecom equipment vendor in China. Comtech
Communication will provide key components of line cards used in PSTN switching
systems. This contract will provide approximately 10% of Huawei's total
purchase of line card components in 2005.
"Huawei is a marquee communication equipment provider and we are delighted to
extend our long-standing relationship with this company," said Jeffrey Kang,
Comtech's chairman and chief executive officer. "We have worked with Huawei
since Comtech's inception in 1995. Our long-term relationships with clients,
such as Huawei, as well as our broad customer base enable us to capitalize on
high growth in the Chinese handset market and the Chinese telecom equipment
market."
About Comtech
Comtech Communication Technology (Shenzhen) Co. Ltd., is a wholly owned
subsidiary of Comtech Group. Comtech serves over 200 companies representing
most of the large manufacturers in the mobile handset and telecom equipment
industries in China.
Safe Harbor Statement
This press release includes certain statements that are not descriptions of
historical facts, but are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities and
Exchange Act of 1934. These forward looking statements may include the
description of our plans and objectives for future operations, assumptions
underlying such plans and objectives and other forward looking terminology such
as "may," "expects," "believes," "anticipates," "intends," "expects,"
"projects," or similar terms, variations of such terms or the negative of such
terms. Such information is based upon various assumptions made by, and
expectations of, our management that were reasonable when made but may prove to
be incorrect. All of such assumptions are inherently subject to significant
economic and competitive uncertainties and contingencies beyond our control and
upon assumptions with respect to the future business decisions, which are
subject to change. Accordingly, there can be no assurance that actual results
will meet expectations and actual results may vary (perhaps materially) from
certain of the results anticipated herein. Factors that could affect future
performance include, but are not limited to, Comtech's success in fulfilling
the subject contract, Huawei's willingness to continue to do business with
Comtech and any changes in the terms of the contract.
DATASOURCE: Comtech Group, Inc.
CONTACT: Asia Pacific, Hope Ni, Chief Financial Officer of Comtech,
; or North America, Jason Golz of Financial Dynamics,
+1-415-439-4532, or , for Comtech
Web site: http://www.comtech.com.cn/