DGAP-Adhoc: Vtion Wireless Technology AG: Vtion signs Framework Agreement with China Unicom to provide 500,000 3G Wireless Data Cards

Vtion Wireless Technology AG / Contract

08.02.2010 08:02 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Frankfurt, 8. February 2010. The Vtion Group, one of the leading suppliers
of wireless data solutions for mobile computer use in China, has signed
after the early-year bidding process an agreement with China Unicom to
provide 500,000 3G wireless data cards over the first several months of
2010 to support the China Unicom's WCDMA network rollout. This represents
the largest single order that China Unicom has issued for 3G cards since it
began operating its WCDMA network.

The agreed average selling price is 340 RMB per 3G wireless data card
resulting into a sales volume of approx. Euro 17 million. Despite the price
decrease in comparison to the average price 2009, the gross margin of the
sale is not significantly affected, as the company was also able to reduce
costs due to economies of scale. This framework agreement with China Unicom
headquarters continues to position Vtion as a key strategic partner and
major supplier to China Unicom through China over the course of the year as
China Unicom begins major development of the WCDMA 3G wireless network
across China.



Contact:
Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de






08.02.2010 08:02 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]

---------------------------------------------------------------------------
 
Language:     English
Company:      Vtion Wireless Technology AG
              Westhafen Plaza 1
              60327 Frankfurt
              Deutschland
Phone:        +49 69 710 456 245
Fax:          +49 69 710 456 248
E-mail:       ir@vtion.de;janina.wismar@kirchhoff.de
Internet:     www.vtion.de
ISIN:         DE000CHEN993
WKN:          CHEN99
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, München, Düsseldorf, Stuttgart, Hamburg
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------