SANTA BARBARA, Calif., Aug. 27, 2007 (PRIME NEWSWIRE) -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON), a leading provider of high performance infrastructure products for wireless voice and data applications, announced it is in negotiation to form a joint venture with Hunchun BaoLi Communication Co. Ltd. (BAOLI), which manufactures push-to-talk (PTT) handsets and the associated battery technology for the China market. The proposed joint venture would focus primarily on the manufacturing and marketing of STI's SuperLink interference elimination solution for the Chinese market.
QiangHua Shao, president of BAOLI, stated, "STI is the world leader for interference elimination with its SuperLink(r) product, and we see significant opportunities for this solution in China and other Asian markets. By combining BAOLI's manufacturing and supply chain capabilities with STI's technology, we believe the proposed joint venture would be positioned for success in China, the country with the world's largest wireless network. Our goal is to form this joint venture by the end of 2007."
"BAOLI is a well recognized and successful wireless communications solutions provider in China," said Jeff Quiram, STI's president and CEO. "BAOLI's reputation, market presence, and manufacturing capabilities make it an excellent potential partner to help STI build meaningful distribution in Asia. We will provide additional information on our progress as appropriate."
About Hunchun BaoLi Communication Co. Ltd. (BAOLI)
Hunchun BaoLi Communication Co. Ltd. (BAOLI) is a wholly owned subsidiary of the BaoLi Group, headquartered in China. BAOLI manufactures push-to-talk (PTT) handsets and the associated battery technology for the China market. Two other BaoLi Group subsidiaries are focused on wireless solutions as well: VASPOLY Technology develops and markets PTT applications that can be customized to meet specific end-user requirements. Linkwave Communications provides innovative in-building wireless aggregation and distribution systems. Linkwave has been selected to provide the wireless communications systems for Olympic Stadium at the 2008 Olympics in Beijing. Linkwave also provides the wireless coverage solution for the Formula 1 race track in Shanghai China. The BaoLi Group operates a wide range of business entities including real estate development, financial services, and wireless communications in both the network infrastructure and handset areas. The BaoLi Group has facilities in the Hong Kong, Shenzhen, and Jilin province.
About Superconductor Technologies Inc. (STI)
STI, headquartered in Santa Barbara, CA, is a leading provider of high performance infrastructure products for wireless voice and data applications. STI's SuperLink(r) solution increases capacity utilization, lowers dropped and blocked calls, extends coverage, and enables faster wireless data rates. Its AmpLink(tm) solution enhances the performance of wireless base stations by improving receiver sensitivity and geographic coverage.
For information about STI, please visit http://www.suptech.com.
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