Qiao Xing Universal Telephone (XING) has partnered with US-based SOYO Group (SOYO.OB), to supply the latter with its new Z-Connect IP Telephone. An initial order for 5,000 IP telephones, as inventory for their holiday launch of "Z-Connect," will kick off the partnership.
Mr. Wu Ruilin, Chairman of Qiao Xing Universal said, "We were honored when such a well known International brand such as SOYO approached us with the Z-Connect concept. We have a vested interest in seeing SOYO meet every
objective with this product offering. As a part of our recently announced VoIP initiative we are very excited to partner with SOYO and their expansion into VoIP market in U.S."
While SOYO is well established in the USA and South America, Qiao Xing Universal Telephones is based primarily in China. Recognized as one of China's largest telecommunications companies in indoor telephones.
This new IP telephone plugs directly into any broadband connection. Once plugged in to any broadband source, these phones are immediately online and ready to place calls anywhere around the world. Each phone is also individually serialized with a contact number, which will work anywhere in the world services by a broadband connection.
Mr. Chok, CEO of SOYO Group stated, "We chose Qiao Xing for this product because of their great name, and their solid reputation as a quality supplier of fine telecommunications products. We have met with many of our distributors, and all demonstrated a strong desire to offer our Z-Connect line. We are also focusing on several vertical markets, and Qiao Xing's reputation and products offering capacity played the biggest role in our decision."
Juniper Research has forecasted the VoIP markets to exceed US$32 billion by 2009. This represents approximately 12% of entire telephony market.