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Comtech partners with Freescale Semiconductor to design automotive solutions in China

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Comtech Group, a provider of customized design solutions for the technology manufacturing sector in China, is forming a alliance with Freescale Semiconductor, one of the world's largest semiconductor companies for the automotive, consumer, industrial, networking and wireless markets. New business expected to generate results in second half of 2008.

The alliance pairs Freescale's global activity in the design and manufacture of semiconductors with Comtech's ability to adapt partner technology to China and transform it into a sustained revenue growth opportunity. The collaboration will focus on the use of Freescale's semiconductor technology in Comtech's customized module solutions for its OEM (Original Equipment Manufacturing) and ODM (Original Design Manufacturing) customers, with an initial focus on automotive electronics. The companies plan to expand their efforts to develop solutions for digital consumer electronics products.

The collaboration with Freescale reinforces Comtech's commitment to the automotive industry in China and builds on its experience in module and sub system solutions for handsets and digital media products to support automotive products. Last year, the company began shipping auto entertainment technology solutions to a number of manufacturers in China, enabling the installation of MP3 music systems in new and existing vehicles.

The companies plan to focus on customers who serve the Chinese market and capitalize on the vigorous growth in China's automotive sector. According to China Association of Automobile Manufacturers, China sold 8.8 million vehicles in 2007, up 1.5 million from the previous year. It has now surpassed Japan and Germany to become the second largest vehicle market in the world, following only the United States. Forecasts for the future remain strong with Chinese leadership targeting combined vehicle and auto parts exports of $120 billion or about 10% of the world's total vehicle trading volume by 2015.

Jeffrey Kang, president and chief executive officer, Comtech Group, Inc. said, "This collaboration positions Comtech to benefit from the exciting growth in China's automobile industry. With China poised to become the world's automotive manufacturing centre, our solutions will expand to international markets and become long term growth drivers for the company."

"Freescale is the world's leading semiconductor provider for the automotive industry, as well a leader in consumer electronics," said Kai Wang, vice president and general manager, Asia-Pacific, Freescale Semiconductor. "We look forward to collaborating with Comtech, a company known for its strong customer relationships, strong research and development capabilities, and remarkable ability to identify and capitalize on China's high growth industries. Together, we plan to deliver innovative solutions to address China's rising demand for automotive electronics."

Using Comtech's innovative business model, the companies expect to generate meaningful results by the second half of 2008. Comtech remains committed to delivering strong performance in key markets such as digital media, mobile handsets and telecom equipment while continuing to identify newly emerging industries which offer high growth and sustainable results.

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