International Displayworks (NASDAQ:IDWK)
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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.