Cirmaker Technology Signs Manufacturing Contract With Molex Inc. For Over $9.8 Million
June 27 2005 - 10:30AM
PR Newswire (US)
Cirmaker Technology Signs Manufacturing Contract With Molex Inc.
For Over $9.8 Million Production Began In May and Extends For 14
Months NEW YORK, June 27 /PRNewswire-FirstCall/ -- Cirmaker
Technology Corp. (OTC Bulletin Board: CRKT), a leading manufacturer
of set top boxes for digital TV signal reception, CPU thermal
dissipaters for computers and electronic components in Taiwan,
today announced a contract for cooling fins and bases for over $9.8
Million with Molex(R) Incorporated (NASDAQ:MOLXNASDAQ:Nasdaq:
MOLXA). Molex is the world's second-largest manufacturer of
electronic, electrical and fiber optic interconnection products and
systems and has 55 plants in over 19 countries. Cirmaker will
produce key components for Molex's thermal acoustic products. Bill
Liao, CEO & President of Cirmaker Technology Corp. stated,
"Both Cirmaker and Molex(R) Inc. produce world-class electronic
components. The proximity of our facilities in Dong Guan was a
natural progression to begin a lasting relationship with Molex
Thermal Acoustic. We look forward to introducing complimentary
products to Molex Inc.'s product lines." About Cirmaker Technology
Corp. Headquartered in Taiwan with offices in New York City,
Beijing, and Guang Dong province, Cirmaker Technology manufactures
thermal dissipaters for laptop and personal computers, electrical
and electronic components and 3G MHP (3rd generation multimedia
home platform) digital set top boxes for television sets. Cirmaker
has developed set top boxes, which convert digital television
broadcast signals into analog formats for analog TV sets to receive
digital programming. The units receive, process, store and
broadcast analog, digital and streaming media signals, and support
pay-per-view and video-on-demand functions. Cirmaker believes it is
the only 3G MHP STB manufacturer operating in China capable of
producing a set top boxes, which meets all the required standards
of Chinese broadcasting authorities. Additionally, the devices
comply with all international HDTV standards for high definition
television. For further information on Cirmaker Technology Corp.,
please visit http://www.cirmaker.com.tw/ Forward Looking Statements
The matters discussed in this news release contain forward-looking
statements, including statements. These statements are subject to
various risks, uncertainties and other factors that could cause
actual results to vary materially from the results anticipated in
such forward-looking statements. Such risks, uncertainties and
other factors include Cirmaker's potential inability to raise
additional capital, and the potential breach by the counterparty to
the sales agreement. Thereunder, Cirmaker's potential inability to
compete with other companies that may be more experienced and
better capitalized than Cirmaker, changes in domestic and foreign
laws, regulations and taxes, changes in economic conditions,
uncertainties related to the legal systems in Cirmaker's target
markets, including, China's legal system and economic, political
and social events in China and other target markets, foreign
relations between Taiwan, China and Cirmaker's other potential
target markets, a general economic downturn, a downturn in the
securities markets, Securities and Exchange Commission regulations
which affect trading in the securities of "penny stocks," and other
risks and uncertainties detailed from time to time in Cirmaker's
filings with the Securities and Exchange Commission. These
forward-looking statements represent management's judgment as of
the date of this release. Cirmaker disclaims any intent or
obligation to update these forward-looking statements. For more
information, please contact: Investor Relations Contact: Emma Hui
Communication Director The Vine Group. Telephone: 917-639-4099
Email: http://www.vinegroup.com/ DATASOURCE: Cirmaker Technology
Corp. CONTACT: Emma Hui, Communication Director for The Vine Group,
+1-917-639-4099, Web site: http://www.vinegroup.com/
http://www.cirmakertechnology.com/
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