Oct 21 2009
Approval allows Telestone to market and sell 3G Access Network Products and Services in the United States and the Americas
Telestone Technologies Corporation (Nasdaq: TSTC; "Telestone" or the "Company") a leading developer and provider of local access network solutions based in China, announced today that its Wireless Fiber Distribution System (WFDS(TM)) passed all testing procedures of the U.S. Federal Communications Commission ("FCC"), including all of the existing 2G and 3G systems in the U.S.
The WFDS(TM) system had a successful debut at the April 2009 CTIA trade show in Las Vegas. After the trade show, Telestone assembled a special team for the sole purpose of completing the FCC certification process for the system's equipment. This team consisted of corporate-level officers, R&D and marketing personnel, along with a partner in the United States. In September 2009, Telestone's proprietary WFDS(TM) technology, which provides for indoor multi-services access networks, successfully passed all FCC testing procedures. The FCC certification letter will not only apply to the U.S. market, but also to Telestone's WFDS(TM) products in Central and South America. Leveraging successful installations for this new fiber-optic equipment in China, this approval is a significant milestone in the Company's efforts to gain market share in the North and South American markets.
Mr. Daqing Han, Chairman and CEO of Telestone, commented, "The certification of Telestone's WFDS(TM) technology by the FCC has removed the final hurdle for us to effectively launch our marketing initiatives throughout the Americas. In the coming months, we expect to secure new contracts in the U.S. from telecommunication carriers and through our local partners while expanding our reach to countries in Latin America. Diversifying our revenue base as we move into 2010 is an important goal and we expect positive margin enhancements through increased WFDS(TM) sales."
Source: http://www.telestone.com/