International Displayworks (NASDAQ:IDWK)
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International DisplayWorks, Inc. (IDW) (Nasdaq:IDWK),
announced today that it has received several monochrome display design
wins from one of the world's leading provider of unified collaborative
communication solutions, to be used in voice and video communications
devices. Though specific project details were not released, IDW
expects revenues from the collective design wins to be up to $5
million over the next several quarters, based on projected product
launches and market conditions. With mass production orders already
received, production will commence in the current quarter.
Tom Lacey, Chairman and Chief Executive Officer of International
DisplayWorks, commented, "This additional win from this well known
manufacturer is representative of a trend we established last year to
diversify our customer base and penetrate target vertical markets. Our
unwavering commitment to quality, coupled with our manufacturing
efficiency, and strong design team played a key role in our ability to
continue to win business."
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.
Design wins are always subject to cancellation, design changes, and
industry changes that can disrupt the product life of our customer's
applications, market launches, or cancellations. 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.