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Vtion Wireless Technology AG Announces February Sales Volume

  • Unit sales February

Frankfurt, 12. March 2010

The Vtion Group, one of the three leading suppliers of wireless data solutions for mobile computer use in China, has announced sales of 170,023 data card units for the month of February 2010, at stable prices compared to January 2010. Though the volume expectedly is down from January due to a full week business closure for the Chinese New Year, this volume represents an increase of 227% over February 2009. Due to competitive reasons, going forward, Vtion has decided to disclose the exact average sales price on a quarterly basis rather than on a monthly basis.

"As we mentioned in our release of the January sales figures, our volume for February is down somewhat from January, given that we lost a full business week due to the Chinese New Year celebration," states Vtion CEO Chen Guoping. "However, with the Spring Festival now behind us, we expect to see an acceleration in the rate at which the telecom operators in China expand their user bases, indicating that we will see stronger demand going forward from this point in the year. We are also happy to see that our prices remained stable," he continues.

For the first two months of 2010, Vtion has enjoyed selling prices higher than those of the last two months of 2009. The company places strong emphasis on introducing high-end products in order to maintain a strong ASP.

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 approx. EUR 68 million and an EBIT of approx. EUR 19 million in 2009. 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.

 

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

 

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.

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