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Newsroom - Clients - TBYH
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
T-BAY Holdings, Inc.
T-Bay Holdings Establishes Strategic Partnership With VIA Technologies Inc.
SHANGHAI, China, Aug. 4 /PRNewswire-FirstCall/ -- T-Bay Holdings Inc. (OTC Bulletin Board: TBYH - News), a leading mobile telecommunications device designer, announced today that T-Bay Holdings Inc. and VIA Technologies (China) Co., Ltd., a subsidiary of VIA Technologies Co., Ltd., (Taiwan Stock Exchange: 2388), a leading chipset solution provider, have established a partnership agreement to jointly develop multi-media Global Systems for Mobile Communications (GSM) handsets for the Chinese mobile telecommunications market.
The strategic partnership between T-Bay Holdings and VIA will enable both companies to accelerate the design-to-production phase for the enhanced deployment of mobile telecommunications devices. Both companies believe the new cooperative will reduce operating and production costs and provide increased efficiencies. Additionally, both companies expect that this partnership has the potential to increase their market share in China, one of the fastest growing telecommunications markets in the world. The first series of PCB board mobile design solutions, with a chipset platform provided by VIA, will be available in October 2006, followed by three additional design solutions to be introduced later this year. The first design solution will be targeted for the mid-end market segment. Management anticipates selling 50,000-80,000 units per month for the first six months following the release.
Xiaofeng Li, Chief Executive Officer of T-Bay Holdings, stated, "In the past, T-Bay's technology solutions were based on a platform provided by Skyworks. Our intention is to continue to work with Skyworks, but to also expand our strategic partner base by commencing work with VIA to further diversify our product line. This new platform will expand our line of products to provide mobile communication solutions to a larger segment of the marketplace. The initial terms of this partnership agreement may just be the beginning; we look forward to continued collaborative efforts between T-Bay and VIA to provide mobile telecommunications solutions to the growing Chinese marketplace. We believe that partnerships like these will continue to support the type of high margin growth T Bay generated in FY 2006."
About VIA Technologies Inc., Ltd.:
VIA Technologies Inc., Ltd., founded in 1987 in Silicon Valley California with headquarters based in Taiwan since 1992, is one of the leading chipset solution providers in the world. VIA's global network links the high-tech centers of the US, Europe and Asia. Its customer base includes the world's top OEMs, motherboard vendors and system integrators. VIA Technologies Inc., Ltd. is listed on the Taiwan Stock Exchange under the symbol 2388.
About T-Bay Holdings Inc.:
T-BAY conducts its mobile phone design business through its 95% owned subsidiary, Shanghai SunPlus Communication Technology Co., Ltd. ("SunPlus"). Established in October 2002, SunPlus is a Sino-foreign joint venture providing total solution and full-range design services to leading mobile handset brand owners in China. The broad spectrum of services that SunPlus provides include overall product design, mechanical design, module architecture design, software design, prototype production, product testing, manufacturing and after-sale technical support. The Company currently has a staff of 160, comprised mostly of engineers and software programmers.
SunPlus develops its mobile phone modules based mainly on the chipset platform provided by SKYWORKS. Currently, major customers of SunPlus include CECT, Panda Electronics and Siemens Mobile.
SunPlus was jointly formed by Wise Target International Limited, Amber Link International Limited and Shanghai Fanna Industrial Product Design Co., Ltd. Wise Target and Amber Link are 100% subsidiaries of T-Bay Holdings, Inc. and they altogether hold 95% shareholding in SunPlus.
Contact Information
Investor Relations:
Equity Performance Group
Gary Geraci
(617) 723-2373
gary@equityperfgp.com
Safe Harbor Statement
Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur.
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About T-BAY Holdings
T-BAY Holdings, Inc. owns 95% of Shanghai Sunplus Communication Technology Co., LTD. (“Sunplus”). Sunplus is a leading telecommunications device design company specializing in products in the cellular phone, MP3 players, PDA's and other hand-held electronic products.
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