Comtech Group Adds Dr. Q.Y. Ma as an Independent Member to Its Board of Directors
December 23 2004 - 12:17AM
PR Newswire (US)
Comtech Group Adds Dr. Q.Y. Ma as an Independent Member to Its
Board of Directors SHENZHEN, China, Dec. 23 /PRNewswire-FirstCall/
-- Comtech Group, Inc. (OTC:COGO.OB) (BULLETIN BOARD: COGO.OB) , a
leading module design solutions provider in China focused on the
mobile handset and telecom equipment industries, announced today
that Dr. Q.Y. Ma will join the Board of Directors of Comtech Group,
as an independent director. Dr. Ma is the Managing Partner of Time
Innovation Ventures (TIV), a venture capital firm focused on
funding technology start-ups and joint ventures in China. He has
over 18 years of R&D experience with several technology
companies in North America. In Asia, Dr. Ma co-founded
Semiconductor Manufacturing International Corp. (SMIC), China's
first IC foundry, currently trading on the HKSE and NYSE exchanges.
Other investments of his in the electronics, telecom, and media
sectors include Comlent, AIC, Mediachip, CSI, TiMed, and XKX. In
addition, Dr. Ma has been an Associate Professor at Columbia
University, Harvard University Medical School and Hong Kong
University. He has published over 160 papers and has obtained 7
patents. Dr. Ma is a recipient of the U.S. National Science
Foundation Career Award. "We are delighted that Dr. Ma has chosen
to join our Board of Directors," said Jeffrey Kang, Chairman and
Chief Executive Officer. "He brings distinct expertise and insight
to Comtech. Since 1998, Dr. Ma has been promoting development of
the microelectronics industry in China. His efforts have
facilitated positive government policy changes in favor of the IC
industry and to the establishment of Northern Microelectronics
Industry Base (NMIB) in Beijing and Zhangjiang Microelectronics
Park in Shanghai. "We believe that his activism, coupled with his
industry expertise and relationships within the Chinese government,
will bring increased business and strategic value to Comtech,"
concluded Kang. Dr. Ma received his Ph.D. from Columbia University,
and is a graduate of Stanford Executive Program (SEP) of Stanford
Business School. Comtech's Board of Directors currently consists of
seven members, five of whom are independent. Dr. Ma has replaced
Bin Li, who has resigned. About Comtech Comtech Group, Inc. is a
module design solutions provider in China, focused on the mobile
handset and telecom equipment industries. The Company's client base
has grown to serve over 200 companies in the mobile handset and
telecom equipment industries in China. Its team of engineers works
with manufacturers of mobile handset and telecom equipment to
design solutions that meet their needs. The Company designs
solutions for mobile device products, including liquid crystal
display (LCD) modules, camera modules, persistent storage modules,
input/output modules, sound system and power supply modules. In the
telecom equipment industry Comtech targets optical solutions, data
communication solutions, public switched telephone network (PSTN)
switching and wireless base stations. Safe Harbor Statement This
press release includes certain statements that are not descriptions
of historical facts, but are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities and Exchange Act of 1934. These forward
looking statements may include the description of our plans and
objectives for future operations, assumptions underlying such plans
and objectives and other forward looking terminology such as "may,"
"expects," "believes," "anticipates," "intends," "expects,"
"projects," or similar terms, variations of such terms or the
negative of such terms. Such information is based upon various
assumptions made by, and expectations of, our management that were
reasonable when made but may prove to be incorrect. All of such
assumptions are inherently subject to significant economic and
competitive uncertainties and contingencies beyond our control and
upon assumptions with respect to the future business decisions
which are subject to change. Accordingly, there can be no assurance
that actual results will meet expectations and actual results may
vary (perhaps materially) from certain of the results anticipated
herein. DATASOURCE: Comtech Group, Inc. CONTACT: Asia Pacific, Hope
Ni, Chief Financial Officer of Comtech Group, Inc., ; or North
America, Jason Golz of Financial Dynamics, +1-415-439-4532, or ,
for Comtech Group, Inc. Web site: http://www.comtech.com.cn/
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