Cirmaker Technology Opens Manufacturing Facility in Mainland China
June 03 2004 - 7:00AM
PR Newswire (US)
Cirmaker Technology Opens Manufacturing Facility in Mainland China
Plant Will Produce Heat Dispersal Units for PCs and Set Top Boxes
for TVs that Make It Possible for Analog TVs to Receive Digital
Signals NEW YORK, June 3 /PRNewswire-FirstCall/ -- Cirmaker
Technology Corp. (OTC:CRKT.OB) (BULLETIN BOARD: CRKT.OB) , which
manufactures set top boxes for digital TV signal reception, CPU
coolers for computers and electronics components, today announced
the opening of a manufacturing facility in Dong Guan City in
Guangdong province in Southeastern mainland China. The plant, which
has more than 106,000 square feet, will be used to produce set top
boxes for television sets that convert digital signals so they can
be received by an analog television sets. It will also produce heat
dispersal units for laptops, PCs and servers. The new plant has the
capacity to produce 2 million set top boxes a year. The set top
boxes it is producing can receive digital signals from either cable
or satellite systems. President Bill Liao of Cirmaker Technology
said, "The new plant, which is located in the heart of the major
manufacturing center in mainland China, is a giant step forward for
Cirmaker. It puts us close to many of our customers, near a major
export harbor and makes it possible for us to produce components
using the lower cost labor available in mainland China. We expect
the manufacturing capabilities of the new plant to match the
superior quality manufacturing operations of our existing Taiwanese
plant at a reduced cost. Our manufacturing operations will start
immediately." Cirmaker Technology through its wholly owned
subsidiary Evergreat Technology Corp., organized in Mauritius, is
the 100% owner of Cirmaker PRC, a foreign enterprise organized
under the laws of the People's Republic of China. Cirmaker
Technology's expertise in making cooling fin assemblies, a critical
component of cooling units, results in smaller (about half the size
of typical assemblies), higher quality (due to a patented design
and manufacturing method), lower cost (20% less than typical
competitors) and more efficient cooling products. Cirmaker
Technology fin assemblies cut cooling fan power requirements by
two-thirds, a key factor in reducing laptop battery drain. Cirmaker
Technology believes that major suppliers to the laptop computer
industry are sourcing Cirmaker Technology cooling systems after
determining that they have the lowest defect rates of any
competitive manufacturer. About Cirmaker Technology Corporation
Cirmaker Technology manufactures cooling systems for laptop and
personal computers, a variety of electronic components and digital
set top boxes for television sets. Headquartered in Taiwan with an
office in New York City, Cirmaker has developed digital television
set top boxes that can convert analog television broadcast signals
into digital formats so that analog TV sets can receive digital
programming. Cirmaker believes it is the only manufacturer
operating in China that can produce in volume a device that meets
all the required standards of Chinese broadcasting authorities. It
is also poised to distribute its system worldwide as it complies
with all international HDTV standards for high definition
television. The system receives, processes, stores and broadcasts
analog, digital and streaming media signals, and it supports
pay-per-view as well as video-on-demand channel signals. Forward
Looking Statements The matters discussed in this news release
contain forward-looking statements, including statements regarding
Cirmaker's ability to successfully produce set top boxes and heat
dispersal units at the new Dong Guan facility, the ability of the
new plant to produce two million set top boxes per year, and the
ability of Cirmaker to produce products of a quality equal to the
quality of its current production, but at a lower cost. 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, its 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. DATASOURCE:
Cirmaker Technology Corp. CONTACT: Charles R. Skeele, General
Manager, US, Cirmaker Technology Corp., +1-917-639-4098, ; or Truc
N. Nguyen, VP, Investor Relations, Stern & Co.,
+1-212-888-0044, , for Cirmaker Technology Corp.
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