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IDWK International Displayworks

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Share Name Share Symbol Market Type
International Displayworks NASDAQ:IDWK NASDAQ Common Stock
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International DisplayWorks Announces Tooling Orders for Point-of-Sale Devices; IDW Enhances Position in the Secure Transaction T

31/01/2006 5:00pm

Business Wire


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International DisplayWorks, Inc. (IDW) (Nasdaq:IDWK), announced today that it has received tooling orders from a leading global provider of secure transaction terminals headquartered in Europe. IDW estimates that the annual value of business resulting from these tooling orders could be up to $3 million. The customer has an installed base of over 8.5 million terminals located in 90 countries and estimates shipping an additional 1.5 million new terminals globally each year. IDW was selected as a key supplier of displays for its customers' terminals based on the total value IDW offers as a result of its quality products, global technical support, and responsive supply chain. This initial order is expected to begin shipping in the first half of calendar 2006. With these initial orders, IDW is now engaged with two of the top three market leaders in the secure transaction terminal market. Tom Lacey, Chairman and Chief Executive Officer of International DisplayWorks, commented, "These initial orders further validate our sales initiatives in the European marketplace and provides the basis for incremental revenue growth and profitability as we look to leverage higher utilization at our facilities. We continue to focus on developing new business with leaders in differentiated vertical markets and are pleased to report this progress." About International DisplayWorks International DisplayWorks, Inc. is a manufacturer and designer of high quality liquid crystal displays, modules and assemblies for a variety of customer needs including OEM applications. IDW operates 466,000 square feet of manufacturing facilities in the People's Republic of China (PRC). Sales offices are located in US, Europe, Hong Kong, Singapore, and China. Copies of IDW's 10-K and other documents as filed with the SEC are available through a link on our web site: www.idwk.com. NOTE: The foregoing is news relating to International DisplayWorks, Inc. ("IDW") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to IDW or its management, including without limitation, IDW and its subsidiaries, are intended to identify such forward-looking statements. IDW's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to IDW's 10-K and other related documents filed with the Securities and Exchange Commission. This does not constitute an offer to buy or sell securities by the Company and is meant purely for informational purposes.

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