Centron Telecom Signed Agreement with ASTRI; Working Together to Strengthen R&D Cooperation

JCN Newswires, June 22, 2009

Hong Kong, June 22, 2009 - (ACN Newswire) - Centron Telecom International Holdings Limited ("Centron Telecom" or "the Group") (HK:1155) has signed a strategic cooperation framework agreement with Hong Kong Applied Science and Technology Research Institute Company Limited ("ASTRI") , wherein the two parties commit to cooperating on R&D and industrialization of communication technologies. The agreement was signed at The 7th China Cross-Strait Technology and Projects Fair themed "Project Results, Technological Demand and Alignment", held atthe Jinshan Exhibition City, Fuzhou City. Centron Telecom, which is a specialist in R&D, production and sale of mobile telecommunication and mobile digital television network coverage products and network optimization solutions, was invited to participate in the fair as a key enterprise in Quanzhou.

Pursuant to the agreement, the two parties will develop a platform for joint projects in relation to core wireless communication technologies and system equipment. The projects will receive talentand resource support from ASTRI, making full use of ASTRI's world-class technology advantages and Centron Telecom's strengths in products and marketing, to explore domestic and international markets. In the next 1-3 years, the projects are expectedto receive funding amounted to HK$10-20 million per year.

Mr. Dai Guoliang, Chairman of Centron Telecom, said, "Technological advancement and innovation have been the forces driving our business development. That is why Centron Telecom places much emphasis on R&D and has in its ownership various industry leading technologies. The cooperation with ASTRI will boost our ability to innovate and widen our perspectives, hence enable us to stay at the forefront of the industry."

In 2008, Centron Telecom spent about RMB16.8 million in R&D, which was 88.8% more than in 2007. In addition, the Group's investment in intangible assets related to 3G and digital TV amounted to RMB56.9 million during the year. Such investments in self-initiated research, commissioned projects and intangible assets have enhanced the Group's competitiveness in the 3G market and overseas mobile communications market as well as digital TV. About Centron Telecom

To learn more about Centron Telecom International Holdings Limited, please refer to http://www.centron.com.cn; or about Hong Kong Applied Science and Technology Research Institute Company Limited, please refer to http://www.astri.org/big5/company.php.> Source: Centron Telecom

Contact:

Strategic Financial Relations (China) Limited

Ms. Esther Lau
Tel:  852 2864 4845
Email: esther.lau@sprg.com.hk

Mr. Marcus Keung
Tel:  852 2114 4967
Email: marcus.keung@sprg.com.hk

Ms. Feifei Cen
Tel:  852 2864 4850
Email: feifei.cen@sprg.com.hk

Copyright 2009 ACN Newswire. All rights reserved.