Comtech Electronic Modules Selected by One of the Largest Automotive Companies in China
3 May 2005
Comtech Group, Inc. (Nasdaq: COGO - News) announced today that it won design-ins with Dongfeng Automobile Co. Limited ("Dongfeng"), one of the three largest automotive companies in China. Specifically, Comtech started providing Dongfeng with power solutions and related products.
Jeffrey Kang, Chairman and President of Comtech Group, said, "With the rapid development of the convergence between the automobile industry, electronics and information technology, motor vehicle production is shifting from mechanical processes to high-profile mechanical-electronic production. Motor vehicles are becoming more and more sophisticated.
"The auto-electronic industry is an exciting and growing industry. We are delighted to have successfully completed this first step and look forward to growing our business in the automotive electronics industry in China," concluded Kang.
About Comtech
Comtech Group is a leading provider of customized module design solutions in China and serves as a gateway to leading electronics manufacturers in China. Comtech Group has historically focused on the mobile handset and telecom equipment end-markets, but has recently expanded its addressable market to include the consumer electronics end-markets. Comtech's customer base includes most of the largest and best-known manufacturers in the mobile handset, telecom equipment and consumer electronics end-markets 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 statements about our plans and objectives for future expansion, operations, as well as information related to auto-electronic industry, and other statements containing forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects," "looking forward" 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 uncertainties and contingencies beyond our control and upon assumptions with respect to 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.
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Source: Comtech Group, Inc.
Source: PR Newswire
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