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20th March 2000, British Columbia, Canada
Nam Tai Electronics, Inc. Announces New Telecom Business Developments
Nam Tai Electronics, Inc. today announced recent new business developments for its subsidiary Namtai Telecom (Hong Kong) Company Ltd.
1. CT1/CT1+ Cordless Phones
The Company also confirmed that it continues decreasing its inventory of finished goods for Daewoo Electronics Deutschland GmbH, and the outstanding balance will be shipped out within two months to totally resolve the inventory build-up of these products.
2. Family Radio System
The Company has received initial orders from Korean company Headline Electronics Co., Ltd. for 177,000 Family Radio System ("FRS") units to be sold in the North American market to RadioShack, a Division of Tandy Corporation and Midland Consumer Radio Ltd. One million units for Radioshack and 600,000 units for Midland order forecasts for one year have been received.
3. Digitally Enhanced Cordless
DECT License from Philips
Nam Tai Electronics, Inc. is an electronics design and manufacturing service provider to some of the world's leading original equipment manufacturers. Nam Tai manufactures telecommunication products, palm-sized PC's, personal digital assistants, linguistic products, calculators, smart card readers and various components including LCD modules for cellular phones and lithium ion rechargeable battery packs which are used in cellular phones, laptop computers, electronic toys and household appliances. It has also developed the ability to integrate MP3 functionality into hand-held electronic products. The Company utilises advanced production technologies such as chip on board ("COB''), chip on glass ("COG''), surface mount technology ("SMT''), tape automated bonding ("TAB'') and outer lead bonding ("OLB'') technologies and anistropic conductive film ("ACF'') heat seal technology.Further Information
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