Scottsdale 1/11/2011 4:09:53 AM
News / Stocks

SinoHub, Inc. (SIHI) to Manufacture Mobile Phones for one of China’s Leading Mobile Phone Operators

QualityStocks would like to highlight SinoHub, Inc. (NYSE AMEX: SIHI). The company was founded in 2000 by veteran entrepreneur Harry Cochran and electronics industry veteran Lei Xia to play a part in the electronics revolution in China. It provides virtual contract manufacturing, electronic component purchasing, and world-class supply chain management services, with transparent information access for participants in the electronic components supply chain in China.

In the company’s news Friday,

SinoHub announced it has received an initial order to manufacture 20,000 3G mobile phones for China Unicom.

Harry Cochran, CEO of SinoHub, said China Unicom chose SinoHub to manufacture the phones based on the company’s quality products and competitive cost.

“We are excited to receive our first order from China Unicom, marking our initial penetration into the growing 3G mobile phone sector in mainland China,” Cochran stated in the press release. “Our ability to produce a high-quality 3G mobile phone at a competitive price was a driving factor for SinoHub in securing this order. As it turns out, the design for these mobile phones comes from one of our long-time supply chain management customers, so we think this is a great example of our ability to leverage strong relationships with mobile phone design houses. As we expand the number of reference designs we offer while further improving our online joint design process platform, we see significant opportunities to expand our relationship with China Unicom and other customers worldwide.”

China Unicom is the second largest mobile phone operator in China, operating its cellular business in 31 provinces, municipalities and autonomous regions in China. The company remains a competitive player in the mobile phone market by offering lower cost phones than those of branded manufacturers such as Apple, Nokia and Samsung, which are all offered in China Unicom stores.

“We are receiving a very positive response to our joint design model which equips our mobile phone customers with competitive features and price advantages in their respective markets,” Lei Xia, Ppresident of SinoHub stated. “We are seeing a rising demand from China Unicom and other large wireless service providers for private label phones and have ramped up our capacity in anticipation of the rapid growth we anticipate in 2011.”

SinoHub is one of the only original design manufacturers producing China Unicom-branded 3G phones. The company expects to ship the order in the first quarter of 2011.

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