Telestone Technologies receives positive response from China Mobile
Shares of Telestone Technologies Corp. Ltd. (Nasdaq: TSTC) jumped in pre-market trading after the developer and provider of wireless communication coverage solutions said that it received a positive response from China Mobile on additional trails carried out on its Wireless Fiber Distribution System (WFDS) technology.
Telestone reported that China Mobile concluded in its report that: ''WFDS reached and exceeded the performance standards required by TD-SCDMA networks. WFDS also holds an obvious advantage over traditional 2G indoor wireless coverage systems in terms of its system performance, construction costs and practical application.''
Shares of Telestone (TSTC) jumped 9.69%, or $0.68, to $7.70 in pre-market trading. Shares of Telestone have been trading in the range of $3.85 to $11.12 for the past 52 weeks.
