Archive for June, 2013

China TechFaith expands shipments of new smartphones to EU and Russia

Tuesday, June 25th, 2013

China TechFaith Wireless Communication Limited, the British Virgin Islands-incorporated company focused on the research, development and design of mobile hand software, announced its plans to expand shipments of its 3rd generation ruggedized Android smart phones into the markets of European Union and Russia. TechFaith’s smart phone, “Giant”, was designed on the robust Android Jelly Bean operating system and runs on WCDMA/GSM networks, with IP68 and MIL-S810G standards certifications. Its characteristics include 4.3 inch LCD screen, water resistance up to 1.5 meters, dust and shock protection, an 8.0 megapixel camera, dual-sim card support, with an extended life 3000mah battery.

Mr. Deyou Dong, President and COO of TechFaith said in his comments: “We are delivering a powerful ruggedized smart phone to the market. By leveraging the updated Android Jelly Bean operating system, we were able to make considerable enhancements to our prior model. Our new Giant offers consumers the intuitive, fast user experience they have come to expect – with the addition unique product features and value added services. This approach continues to differentiate TechFaith in the marketplace and provides us with a distinctive advantage.”

BVI-based subsidiary of Xcite Energy Limited signed MoU with AMEC Group

Wednesday, June 19th, 2013

TSX-listed company Xcite Energy Limited announced that its British Virgin Islands-incorporated wholly-owned subsidiary, Xcite Energy Resources Limited, has entered into a Memorandum of Understanding with AMEC Group Limited. This Memorandum is setting out commercial principles for future cooperation to support the development of the Bentley Field.

The BVI company and AMEC will commence a front-end engineering and design programme. The parties intend to base on the already agreed MOU principles to optimise the commercial benefits for all stakeholders and provide strong foundation for the life-of-field technical and operational solutions.

CEO of Xcite Energy Rupert Cole commented on the agreement: “We are very pleased to have
developed our existing relationship with AMEC to create the basis for these commercial arrangements. I believe that AMEC’s expertise and track record in delivering major UKCS
offshore and heavy oil projects will complement the Company’s own skillset to deliver a best in class development programme. This is another industry confirmation of Bentley as one of the largest development-ready North Sea fields and provides further, complementary support to the current farm-out process as we progress towards development.”

BVI telecommunications company announces changes to strengthen its market positions

Saturday, June 8th, 2013

CCT Global Communications, a telecoms operator incorporated in the British Virgin Islands, sent termination letters to a number of employees, as confirmed by company official. However, the number of positions cut was not disclosed.

This changes have been done as part of reorganisation programme of the company, with the purpose to strengthen its prospects in the market. Margaret Penn, who chairs the board of directors of CCT Global Communications, said that the BVI company also plans to introduce improvements to its services and networks.

CCT had been a monopolist on mobile phone services market in the BVI prior to the introduction of the 2006 Telecommunications Act. In the last years, it faced market share decline because of aggressive competition from Caribbean regional companies Digicel and LIME, which is owned by UK-based Cable & Wireless Communications (CWC). Digicel, for example, launched in 2008 commercial GSM services in the British Virgin Islands.