Nam Tai wins new orders from new customer
Mar 08, 2005
Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE: NTE) announced that it has received a new customer order from a well-known Japanese multi-national company, to manufacture LCD panels for its electronic calculators, electronic dictionaries and electronic musical instruments.
"We are very glad that we have successfully won orders for LCD panels from such a big customer and added another name to our global customer list," said Mr. Joseph Li, Chief Executive Officer of Nam Tai. "As new applications are found for LCD products in various industries, we are confident that the LCD market will continue to grow. The huge growth in the LCD market, also propelled by the conversion to full colour displays, image capabilities and high resolution, has enabled Nam Tai to capture the vast opportunities for its Color Super Twisted Nematic ("CSTN") LCD business. On top of providing LCD panels, the addition of LCD modules capability will further strengthen our product portfolio in the LCD market, differentiating ourselves from other industry players through the provision of a one-stop solution to our customers."