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Comtech Group, Inc. Announces New Supply Relationship with Vishay Intertechnology, Inc.

22 February 2006

Comtech Group, Inc. (Nasdaq: COGO), a leading provider of customized module design and subsystem solutions for technology product manufacturing companies based in China, today announced it has entered into a new relationship with Vishay Intertechnology, Inc. (NYSE: VSH), a global manufacturer of components, to provide a combined electronic component solution addressing the rapidly growing automobile electronics industry in China.

As part of the agreement, Vishay will supply the key technology components with Comtech providing the customized design work to produce a complete module design offering for Chinese Original Equipment Manufacturers (OEMs) servicing the automobile electronics industry. This new product will allow OEMs access to industry leading technology with a reduced time to market. According to CCID, the market size for automotive electronic component products sold in China was roughly $6 billion (USD) in 2005, growing at a projected 50 percent rate in 2006 to $9 billion (USD). Currently, the majority of industry sales are generated domestically from the burgeoning middle class Chinese consumer market but expectations are for China to become a globally recognized supplier of automobile electronic components worldwide. With growth opportunities both domestically and internationally, many experts believe the industry can continue to sustain its existing growth trajectory.

Jeffrey Kang, Chairman and Chief Executive Officer of Comtech Group, commented, "We are pleased to team up with a recognized technology leader like Vishay to address this high growth market opportunity. We believe that by combining Comtech's proprietary designs with Vishay's electronic component expertise we will be able to effectively leverage our relationships within China to competitively position both companies to win a portion of this new business."

Mr. Kang continued, "By entering the automobile electronics industry, we are capitalizing on our core module design competencies in the Telecom, Mobile and Digital Electronics Industries to further expand into other high growth markets in China. We expect sales of these products to begin this year and contribute more significantly to our future growth."

About Comtech

Comtech Group, Inc. is a leading provider of customized module and subsystem design solutions in China, serving as a gateway to leading international and domestic electronics manufacturers in China. Comtech's core business has historically focused on the mobile handset and telecom equipment end-markets, but has recently expanded its market to include the digital consumer electronics end-markets. Comtech has worked with more than 200 customers. Comtech's customer base includes a majority of the largest and most well-known manufacturers in the mobile handset and telecom equipment end- markets in China.

Safe Harbor Statement

This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward-looking statements may include statements about our plans and objectives for future expansion, including into engineering and business service related market, anticipated margins for our business; general and cyclical economic and business conditions, and, in particular, Huameng business perspectives; our ability to enter into and renew key corporate and strategic relationships with Huawei or other customers; changes; and other statements containing forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects," "looking forward" or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to uncertainties and contingencies beyond our control and upon assumptions with respect to future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. For a further description of these and other risks and uncertainties see our most recent Annual Report filed with the Securities and Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov.

Source: prnewswire