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Xunlei Attended Las Vegas CES 2018

By GlobeNewswire,  January 12, 2018, 08:00:00 AM EDT


SHENZHEN, China, Jan. 12, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq:XNET), a leading cloud-based acceleration technology company in China, today announced it had attended CES 2018 in Las Vegas from January 9 to January 11, 2018. During the show, the Company exhibited its latest product OneThing Cloud and attended the "Geek Night" event.

Mr. Lei Chen, Chief Executive Officer of Xunlei, commented, "We are very pleased that our product was well received by the conference attendees. OneThing Cloud is a private cloud offering such functions as secured storage, convenient file management, remote control, multimedia entertainment, etc. And by voluntarily participating in our OneThing reward program, users of OneThing Cloud can share with us their idle bandwidth, storage space and computing power and receive LinkToken as rewards. We are exploring a variety of applications for the LinkToken."

"By utilizing OneThing Cloud program participants' idle resources, we may reduce the need of building new internet data centers and hence reduce energy consumption and protect environment. Further, we believe our distributed cloud computing technology may be important to the development of the AI and IoT industries."

"Recently our OneThing Cloud device received EC and FCC certification. We plan to expand our business into international markets to accelerate our corporate development. Initially we plan to enter Hong Kong SAR market, and then southeast Asia and India. We are seeking cooperation partners for our overseas efforts. We are excited about these new opportunities," concluded Mr. Chen.

About Xunlei

Xunlei Limited ("Xunlei") is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.

Safe Harbor Statement

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the management's quotations contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company's ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company's ability to keep up with technological developments and users' changing demands in the internet industry; the Company's ability to convert its users into subscribers of its premium services; the Company's ability to deal with existing and potential copyright infringement claims and other related claims; the Company's ability to react to the governmental actions for its scrutiny of internet content in China and the Company's ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

CONTACT: IR Contact:

Xunlei Limited

Email: ir@xunlei.com

Tel: +86 755 26035888-8893

Website: http://ir.xunlei.com

Source: Xunlei Limited

This article appears in: News Headlines

Referenced Stocks: XNET


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