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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 Announces Solutions Based on VIA Chipsets
SHANGHAI, China, Dec. 18 /Xinhua-PRNewswire-FirstCall/ -- T-BAY Holdings, Inc. (OTC Bulletin Board: TBYH - News) announced today that it has launched two mobile handset design solutions that are based on the VIA chipset platform. They are currently selling two solutions, Series No. 27xx and 22xx, and receiving large orders from our customers. The release of the new solutions based on the VIA chipset platform indicates that T-Bay has successfully expanded its product line in the market place.
The R&D of the three VIA-based solutions, which commenced in August, was completed within 3 months. ''We are very pleased with the newly introduced solutions with the VIA chipset platform,'' said Xiaofang Li, the CEO of TBAY Holdings, Inc. ''We had our products tested thoroughly for a month and the entire design work completed within two months, by the end of October. It illustrates our strong R&D capacity and the release of VIA solutions will enrich our product line to cover a broader marketplace.'' These new solutions are targeted at the middle-range and low-end markets with the handsets' retail price ranging from RMB700-1100, (USD$89-140). The embedded functions in the handsets, such as 300k-pixel camera, Mp3/Mp4, IP dialing, T-flash, and USB Access, are designed for easy operation. ''Customers in the low-end market tend to focus more on price and appearance of mobile handsets,'' said Xiang Lushi, Marketing Manager of T-Bay, ''We believe we have distinctive advantages in external design, and the price of these two solutions are considered competitive.''
The management are anticipating good sales performances from these new solutions. Xiaofeng Li said, ''So far we have already secured more than two customers for each of the new solutions and we are expecting a few more new customers shortly. We expect VIA based solutions will account for 20-30% of our solution lines by volume and 15%-20% of our revenue in the third fiscal quarter.''
''The two newly-introduced solutions will complement our previous solutions, which are mainly targeted at the middle-range and high-end markets. We are now offering a wider range of products to our customers. Other new solutions including enhanced versions of existing solutions, also based on the VIA chipset platform, will be released in the next few months based on the market responses,'' said Xiaofeng Li.
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 includes 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.
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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