XCLL News XcelMobility Concludes Exclusive Indon
Post# of 144494
XCLL News XcelMobility Concludes Exclusive Indonesian Supply Contract With ZTE Corp.
2012-04-30 09:00 ET - News Release
REDWOOD CITY, CA -- (Marketwire) -- 04/30/12
XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or the "Company") a developer of high speed web browsing solutions and related performance enhancing products for mobile devices is pleased to announce it has successfully concluded an exclusive agreement with telecommunications giant ZTE (www.zte.com.cn/en) with the signing of a contract to introduce Xcel's flagship Mach 5 Xcelerator to the huge and growing mobility market in Indonesia.
The agreement provides that Xcelmobility will be the exclusive supplier of high speed USB modems for ZTE for sale in Indonesia. The initial order is for a minimum of 100,000 units with additional orders anticipated to follow once the initial test market is completed. Indonesia is a nation of over 237 million people, marking Xcel's entry into the fourth most populous nation on the planet after the United States.
Xcel has previously contracted with ZTE to manufacture the devices for China Unicom, the third largest mobile provider in the world. Based on the preliminary success of the product release in China, ZTE is developing plans to make the Mach 5 enhanced devices available in other key markets.
ZTE Corporation is a leading global provider and Original Equipment Manufacturer ("OEM") of telecommunications equipment and network solutions. Founded in 1985, it is China's largest publicly listed telecom equipment company. ZTE has the industry's most comprehensive product range of end-to-end solutions covering virtually every telecommunications sector including wireless, access & bearer, VAS, terminals and professional services. The company's expertise in these areas allows it to satisfy the demands of global operators and assist them in their pursuit of innovation. ZTE delivers its high-quality, cost-effective products and services to over 500 operators in more than 140 countries around the globe.