We design and sell broadband high speed wireless data communication products such as 3G wireless modules and modems. Our products are used, with broadband high speed data service, to access wireless data communications networks using laptops, handheld and desktop computers and enable our customers to send and receive email with large file attachments, play interactive games, and receive, send, and download high resolution picture, video and music contents.
The broadband wireless data communication products are positioned at the convergence of wireless communications, mobile computing and the Internet, each of which we believe represents a growing market. Our products are based on widely deployed cellular technologies and operate on the networks of major wireless network operators around the world.
In 2005, we designed and marketed Global System for Mobile telecommunication or GSM cellular phones to North and South America countries and experienced significant financial difficulties due to increased competition, fast technology trend, limited resources, low brand recognitions, and high cost to design cellular phones. In order to overcome these difficulties in our business, we restructured our operations at the end of 2005 by shifting our focus on designing and marketing of wireless broadband modules and modems on Code Division Multiple Access ("CDMA") technology and focusing on highly demanded market of these products, North and South America countries. Teaming up with Cmotech Co. Ltd, a designer and o riginal e quipment m anufacturer ("OEMs") of our wireless broadband modems and modules, we successfully launched our first wireless broadband USB modems in the U.S. in early 2006. Our sales of the CDMA based modems to our customers in South America countries have been successful since May 2006, and have been a key factor to our increase in revenue. In 2007, we launched three new products, CDMA Revision A USB modem, CDMA Revision 0 USB modem, and CDMA Revision 0 Express card modem, to North and South America countries. We anticipate that our sales of these new products through our brand recognition, leveraging sales to our existing customers, and increase in marketing effort, will be successful to our future growth. We believe that the demand for wireless broadband data products will continue to grow and expand worldwide. To be successful in this market, we will need to continue to keep up technology changes and continue to invest and launch new products on a timely basis.
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