China Display Technologies Secures Long-term Supply Contract with TCL for Full Range...
* Reuters is not responsible for the content in this press release.
China Display Technologies Secures Long-term Supply Contract with TCL for Full
Range Backlight Unit Production
SHENZHEN, China, June 6 /Xinhua-PRNewswire-FirstCall/ -- China Display
Technologies, Inc. (OTC Bulletin Board: CDYT) (''China Display'', or ''the
Company''), a leading manufacturer of optoelectronic products, specializing in
small- to mid-sized LED and CCFL backlight units for LCD displays in China,
today announcement that the Company secured a long-term supply contract with
TCL for full range size of backlight unit production.
Founded in 1981, TCL Corporation today is one of China's largest consumer
electronics providers operating on an international scale. By the end of 2007,
TCL employed approximately 50,000 staff worldwide and its revenues of 2007
reached around US$6.0 billion. It has retail network across 40 countries with
total sales exceeding 15 billion TV sets and 11.9 billion mobile phones by the
end of 2007.
"As we has successfully secured the long-term supply contract with
Skyworth Group for mid to large sized backlight unit production few days ago,
we are extremely pleased that another industrial giant, TCL has also
recognized us as one of their qualified and long-term reliable suppliers of
backlight units'', said Mr. Lawrence Chan, CEO of China Display Technologies.
"This certainly demonstrates the great potential growth opportunity for the
company in this year. With the backup from TCL and Skyworth, we are very
excited and confident that we can achieve strong sales growth as we benefit
from a full range of product offering targeting the BLU market''.
About TCL Corporation
Founded in 1981, TCL Corporation today is one of China's largest consumer
electronics corporations operating on an international scale. Headquarted in
Shenzhen, China, TCL has three listed companies operate under the TCL flag:
TCL Corporation (S.Z000100), TCL Multimedia Technology (HK.1070) and TCL
Communications Technology (HK.2618). The Company is presently composed of four
main industrial groups (multimedia, communications, appliances and
components),
in addition to the real estate, investment business network, logistics and
service business network.
About China Display Technologies, Inc.
China Display Technologies, Inc. through its wholly-owned subsidiary Suny
Electronics (Shenzhen) Company Limited (''SUNY'') in China, designs,
manufactures and markets small- to mid-sized Light Emitting Diode (LED) and
Cold Cathode Fluorescent Lamp (CCFL) backlights for various types of Liquid
Crystal Displays (LCDs). Its products have applications in electronic consumer
products, such as mobile phones, PDAs, GPS systems, portable DVD/VCD players,
MP3s and MP4s, medical equipment and household appliances with displays. SUNY
was organized in November 2004 and started operations in 2005. It has
experienced rapid growth and became a publicly-traded company, listed on the
OTC market, through a reverse merger in September 2007. The Company has 800
employees, with manufacturing facilities and management located in Shenzhen,
China.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the
business of the Company and its subsidiary companies. These forward looking
statements are often identified by the use of forward-looking terminology such
as "believes, expects" or similar expressions. Such forward looking statements
involve known and unknown risks and uncertainties that may cause actual
results to be materially different from those described herein as anticipated,
believed, estimated or expected. Investors should not place undue reliance on
these forward-looking statements, which speak only as of the date of this
press release. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic reports that are
filed with the Securities and Exchange Commission and available on its website
( http://www.sec.gov ). All forward-looking statements attributable the
Company or to persons acting on its behalf are expressly qualified in their
entirety by these factors other than as required under the securities laws.
The Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Jason Wong
Executive Vice President
China Display Technologies, Inc.
Tel: +852-9257-8928
Email: jason@chinadisplaytech.com
ir@chinadisplaytech.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgelite.com
SOURCE China Display Technologies, Inc.
Company Contact: Mr. Jason Wong, Executive Vice President, China Display
Technologies, Inc., +852-9257-8928, or jason@chinadisplaytech.com, or
ir@chinadisplaytech.com; Investor Relations Contact: Mr. Crocker Coulson,
President, CCG Elite Investor Relations, +1-646- 213-1915 (NY office), or
crocker.coulson@ccgir.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.


Follow Reuters