Ostin Technology Group Unveils Strategic Expansion into North American Market With its US Subsidiary Begins Operation
April 10 2024 - 8:30AM
Ostin Technology Group Co., Ltd. ("the Company") (Nasdaq: OST), a
leading supplier of display modules and polarizers based in China,
announces that Pintura.Life LLC, the Company’s wholly owned
subsidiary in the United States (“Pintura.Life”), has officially
commenced its operation.
As part of its strategy to expand into the North
American market with its new Pintura products, Pintura.Life
recently launched a crowdfunding campaign on Indiegogo to help
introduce Pintura to a broader U.S. and North American market,
sparking interest among potential consumers and investors while
evaluating the product’s market appeal.
The establishment of a prominent presence in San
Francisco, U.S. reflects the Company's commitment to meet the
escalating demand for its Pintura products in the North American
region. This momentous milestone not only amplifies the Company’s
global growth strategy but also underscores its dedication to
delivering advanced technological solutions to customers.
Pintura is more than a digital frame but a
canvas that employs a combination of multiple screens, seamlessly
integrating with a cloud-based photo album that enables users to
easily curate their favorite photos and blends seamlessly into any
living space.
San Francisco, renowned as the hub of
technological innovation in North America, emerged as the natural
choice for the Company's expansion endeavors. Embracing the city's
vibrant tech ecosystem, the Company seeks to leverage local talents
and seize the vast market opportunities presented by North
America.
"We are exhilarated to establish our presence in
San Francisco, embarking on an extraordinary voyage to expand into
the North American market," stated Mr. Tao Ling, CEO and Chairman
of the Company. "Our Pintura products have garnered positive market
feedback, and we are confident that our innovative solutions will
resonate profoundly with the tech-savvy audience in North America.
Through the establishment of our San Francisco office, we stand
primed to serve our customers, forge invaluable partnerships, and
make contribute to the technology landscape of the North America
region."
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.
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;
expectation to receive customer orders for new products; the
anticipated timing for the marketing and sales of 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 WangWealth Financial Services LLCPhone:
+86 13811768599 +1 628 283 9214Email: services@wealthfsllc.com
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