7:30 | 12.02.2010
DGAP-News: Vtion Wireless Technology AG: Vtion Wireless Technology AG: Unit sales up by 17% from December 2009 to January 2010
Vtion Wireless Technology AG / Development of Sales
12.02.2010 07:30
Dissemination of a Corporate News, transmitted by
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Unit sales January
Frankfurt, 12. February 2010. The Vtion Group, one of the three leading
suppliers of wireless data solutions for mobile computer use in China, has
seen an increase in monthly sales volume for January 2010; for the month of
January 2010 the Vtion Group sold a total of 227,237 data cards. Selling
prices were higher than in December 2009, at approximately 377 RMB.
Compared to December 2009, sales volume for January shows an increase of
17%, and an increase of 404% compared to January 2009.
‘We are happy that in addition to the framework agreement we were able to
get in place with China Unicom on Monday, we have seen a strong start to
the year for our sales in January,’ stated Vtion CEO Mr. Chen Guoping. ‘We
expect that the sales volume for February will be lower than that of
January, due to a week long holiday for the Spring Festival. However,
following the holiday, we should see the telecom operators begin to
implement their development strategies for the year more fully, which bodes
well for us.’
Currently, the telecom operators are continuing to build up their networks
with mid-range product offerings. As network and user base development
continues on the part of the carriers, Vtion will look to leverage this
position to supply more of the top-end products, as well as to take
advantage of service and application business opportunities as they emerge
following the optimisation and continued maturation of the networks, Vtion
continues to be a top hardware supplier in the rapidly expanding market.
The Chinese wireless network industry is currently going through a process
of market development from second generation networks to network standards
of the third mobile phone generation – known as 3G standards. China is the
only country in the world with three different 3G wireless standards, the
CDMA 2000 EVDO Network operated by China Telecom, the WCDMA Network
operated by China Unicom and the TD-SCDMA Network operated by China Mobile.
Network rollouts for the latter two networks are still in progress; the
Vtion Group is expecting the completion of the establishment of 3G mobile
networks to lead to a further increase in demand for wireless data cards in
China.
About Vtion
The Vtion Group is one of the three leading suppliers of wireless data
cards and associated services for the mobile use of computers via broadband
wireless networks in the People’s Republic of China. The Vtion Group
concentrates mainly on the development and sale of wireless data cards,
including provision of appropriate after-sales services. The Vtion Group
also supplies Internet-based data service solutions. The company has about
150 employees. The Vtion Group generated sales of EUR 39.2 million and a
net profit of EUR 12.4 million in 2008. The Vtion Wireless Technology AG
shares are being traded in the Prime Standard on the Frankfurt Stock
Exchange with the ISIN DE000CHEN993. The company’s ticker symbol is V33.
Disclaimer concerning forward-looking statements
Certain statements in this communication contain formulations or terms
referring to the future or future developments, as well as negations of
such formulations or terms, or similar terminology. These are described as
forward-looking statements. In addition, all information in this
communication regarding planned or future results of business segments,
financial classification numbers, developments of the financial situation,
or other financial or statistical data contains such forward-looking
statements. The company cautions prospective investors not to rely on such
forward-looking statements as certain prognoses of actual future events and
developments. The company is neither responsible nor liable for these
forward-looking statements. It is not responsible for updating such
information, which only represents the state of affairs on the day of
publication.
For further information, please 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
or visit the company website at: www.vtion.de
12.02.2010 07:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at
www.dgap-medientreff.de
and
www.dgap.de
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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
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