NEW YORK CITY, Feb. 2, 2005 (PRIMEZONE) -- Telestone Technologies Corporation (OTCBB:TESN), is pleased to announce that it has successfully completed its 0.2W-2W Power Amplifier module (PA) with the working frequency between 800MHz - 3000MHz. The successful development of this proprietary power amplifier module means lower production costs for Telestone customers and increased profitability for the company. In addition, the new power amplifier also enhances the overall technical barrier to entry and advances the company's upgrade capacity in this competitive space.
The PA module is a fundamental component of wireless connection. In some project implementations it can add a further 30%-50% to the overall equipment price and it is one of the major R&D targets for telecom component manufacturers. In the past, Telestone Technologies has spent approximately US$10 million (RMB 80 million) in purchasing parts and components from other supply sources. As a result, Telestone Technologies, with its technical capabilities, has spent the last 24 months focusing on perfecting a Power Amplifier Module that is not only exceeds their customer needs but will provide a cost savings by the lowering of overall production costs.
"We are pleased with the progress that Telestone Technologies has made during 2004 in successfully completing our 0.2W-2W power amplifier for G network and C network. It is expected that Telestone will continue its production. At the closing of 2004 Telestone Technologies had manufactured 260 PA modules with another 500 completing," said Han Daqing Chairman, CEO and President.
About Telestone Technologies Corporation
The company through its subsidiaries is a provider of high-tech, wireless communications coverage solutions in the People's Republic of China. The company principally provides integrated wireless coverage solutions through their national sales and services network to customers in the PRC. The company's wireless coverage solutions business is comprised of research, development and application of wireless communications technology used in a variety of indoor and outdoor environments such as hotels, residential estates, office buildings, airports, exhibition centers, underground stations, highways and tunnels. The company currently has approximately 290 employees.
The company has relocated its executive offices to those of its Beijing operations at Floor 6, Saiou Plaza, No. 5 Haiyang Road, Fengtai Technology Park, Beijing China 100070 and its telephone number is 86-10-83670505. The company website is www.telestonetech.com.
For additional information please contact: Todd Heinzl, Telestone Technologies Corporation, Corporate Communications, 275 Madison Avenue, 6th Floor, New York, NY 10016, Tel: (212) 880-3794 Fax: (212) 880 4241 or emailing investors@telestonetech.com.
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