Ostin Technology Group Secures Orders for Metro Projects in Beijing, Tianjin, and Nanjing of China
July 17 2023 - 8:30AM
Ostin Technology Group Co., Ltd. (the "Company") (Nasdaq:
OST), a supplier of display modules and polarizers in China,
today announced that it has secured orders to purchase platform
door displays, metro Passenger Information System (“PIS”) screens,
and metro platform monitors, which are expected to be used for
metro projects in Beijing, Tianjin, and Nanjing of China.
According to the orders, the Company will supply
500 units of 28-inch bar-shaped platform door displays, 406 units
of 43-inch and 50-inch PIS screens, and 20-inch metro platform
monitors, which are expected to be used for the newly constructed
Beijing Subway Line 12, the new Tianjin Rail Transit Line 11 and
certain Nanjing Metro stations, respectively. These products are
designed to offer metro passengers with convenient commuting
experience while accommodating security needs for the Company’s
customers.
The Company utilizes customized liquid crystal
(“LC”) and unique LC drivers in its manufacturing of commercial LCD
display modules, which provides advantages in long-term durability.
These commercial LCD display modules are designed to meet the
increasing demands from the rail transit industry, and to ensure
reliability on prolonged operation and vehicle vibrations. The
Company's metro platform display products also provide modular
design and network operation features with extensive content
publishing capabilities.
Mr. Tao Ling, Chairman and CEO of the Company
commented: “We are honored to supply the Company’s metro platform
display products to metro projects in Beijing, Tianjin, and Nanjing
of China. Our display modules are specifically tailored to provide
high performance, to improve the commuters’ experience and to
contribute to the efficiency and safety of the metro systems.”
"Our expertise in display modules has made us a
reliable partner for these metro projects. We commit to provide
high-quality and long-term display solutions meeting the need of
each city’s metro projects. We will continue to expand our presence
and deliver innovative display solutions in key transportation hubs
in China.”
About Ostin Technology Group Co.,
Ltd.
Founded in 2010, the Company is a supplier of
display modules and polarizers in China. The Company designs,
develops, and manufactures TFT-LCD display modules in a wide range
of sizes and customized sizes which are mainly used in consumer
electronics, outdoor LCD displays, and automotive displays. The
Company also manufactures polarizers used in the TFT-LCD display
modules. The Company also provides research and development
services to branded original design manufacturers.For more
information, please visit http://www.austinelec.com/
Forward-Looking Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, underlying assumptions, and other statements that are
other than statements of historical facts. When the Company uses
words such as "may, "will, "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
forecast on market trends; the Company's future business
development; the demand for and market acceptance for new products;
changes in technology;; the Company's ability to attract and retain
skilled professionals; client concentration; and general economic
conditions affecting the Company's industry and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please contact:
Ostin Technology Group Co., Ltd.
ir@austinelec.com
Investor Relations:
Janice Wang Wealth Financial Services LLC Phone:
+86 13811768599 +1 628 283 9214 Email: services@wealthfsllc.com
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