TechFaith Reaches Partnership with Israel-based PrimeSense
Jan 31, 2013 (SinoCast Daily Business Beat via COMTEX) --
China Techfaith Wireless Communication Technology Limited (TechFaith, NASDAQ: CNTF) announced a partnership with PrimeSense Ltd. a few days ago, according to foreign media.
The cooperation agreement was signed by Techfaith's game division 17FOX (previously 17VEE) and PrimeSense, an Israel-based pioneer of 3D motion sensing technology, for the promotion of 3D motion sensing technology, payment platform and games in China.
Based on the agreement, both sides will jointly develop, popularize and sell 3D motion sensing games and applications in China by taking advantage of PrimeSense's 3D motion sensing technology. Those games and applications are said to enable users to play games by using cameras to catch body movements.
In addition, Techfaith also announced a new brand and logo-17FOX-for its game and branded mobile phone businesses.
Source: www.sina.com.cn (January 31, 2013)
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