Further Attests to the Group's R&D Capability

Hong Kong, June 13, 2012 - (ACN Newswire) - Perception Digital Holdings Limited ("Perception Digital" or "the Group", HKSE: 1822), which specializes in providing technological solutions for consumer electronic products, including mobile, multimedia, internet connectivity and well-being technologies, announced that it has entered into an agreement with a PRC-based business partner to develop a smartphone for an American mobile operator, with the first shipment expected to be made by the end of June.

According to the agreement, Perception Digital will be responsible for the design of an Android-based smartphone. This phone features a slim design and will weigh just 114 gram, which includes a 3.2 inch display. The Group will receive income in the form of royalties and development fees derived from the scope of work and also the amount of products sold, it is expected that approximately 300,000 smartphones will be shipped during 2012. Leveraging the technical knowhow of the Group, especially involving Android technology that it gained from developing several products, including such smartphones as Vulkano and PDXtraTV, it is able to meet the high standards required by international operators while achieving a relative cost advantage. The smartphones will be on sale in various U.S. retail stores via the American mobile operator.

Dr Jack Lau, Chairman and CEO of Perception Digital, said, "The agreement once again attests to our R&D capability and demonstrates our ability to provide high-standard mobile communication technology that suits market needs. We are committed to fulfilling the requirements of our customers, who expect excellent quality and service in order to stay ahead of the competition. Though faced with challenging market conditions, we will continue exploring growth opportunities by expanding our scope of products as well as market coverage and sales network."

About Perception Digital Holdings Limited

Perception Digital is the largest company in terms of number of employees and revenue, and the first to attain a listing status among companies which participated in the HKUST Entrepreneurship Program. A veteran in technology commercialization of consumer electronics, it specializes in providing technological solutions for consumer electronics products and aiming to become a leading consumer electronics solution provider specializing in multimedia and internet connectivity and well-being technologies. Major customers of the Company include leading international brand name vendors and group companies which are either on the Fortune Global 500 or Fortune 500 lists. For more information, please visit www.perceptiondigital.com.

Source: Perception Digital Holdings Limited

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