International Displayworks (NASDAQ:IDWK)
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International DisplayWorks, Inc. ("IDW") (NASDAQ:IDWK)
announced today that it has received initial purchase orders from a
new customer, CK Telecomm Ltd, a leading mobile phone ODM and OEM
manufacturer in China specializing in manufacturing, R&D, marketing
and technical support services in the telecommunications industry.
Production and shipments of TFT displays have commenced for one cell
phone model and IDW is in development for additional color TFT
programs. IDW expects to generate up to $7 million in revenues from
this customer during the next several quarters subject to IDW's
ability to continuously meet the customer's purchase order and quality
requirements.
CK Telecom was established in 2001 and is recognized as a leading
Chinese manufacturer with total sales exceeding $100 million (USD) and
annual capacity of over 5 million handsets. Current markets for the
Company's phones include: China, Europe, Taiwan, Thailand and Russia.
Tom Lacey, Chairman and Chief Executive Officer of International
DisplayWorks, commented, "We are pleased to announce these TFT display
purchase orders from CK Telecom, a new customer addition, which
further compliments our existing OEM mobile handset customer base. We
are optimistic given our close geographic proximity to CK Telecom,
which is based in Shenzhen, and our expanding development efforts,
that we can further expand this relationship going forward."
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.