International DisplayWorks Awarded $6 Million Order from Leading Printer Manufacturer for Displays for Five Laser Printer Model
July 11 2006 - 2:37PM
Business Wire
International DisplayWorks, Inc. (IDW) (NASDAQ:IDWK), announced
today that it has received an initial tooling order from a leading
printer manufacturer for monochrome displays to be included in five
laser printer models. Volume production is expected to begin within
the next three months, and the total value is expected to be up to
$6 million over the next 12 months, subject to IDW's ability to
continuously meet the customer's purchase order and quality
requirements. This is IDW's first engagement with this customer.
Tom Lacey, Chairman and Chief Executive Officer of International
DisplayWorks, commented, "We continue to capture market share and
expand our base of top-tier OEM customers across multiple end
markets. This contract win is a further validation of our efforts
and serves to further diversify our revenue stream. IDW is quickly
developing a reputation for high quality, service and price within
the market and we are optimistic on the prospects for further
contract wins." 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. Specifically, changes in market conditions for the
product or other factors beyond IDW's control could result in a
materially different revenue forecast. 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.
International Displayworks (NASDAQ:IDWK)
Historical Stock Chart
From Jul 2024 to Aug 2024
International Displayworks (NASDAQ:IDWK)
Historical Stock Chart
From Aug 2023 to Aug 2024