Bonso Provides a Construction Update for Its New Manufacturing Facility
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HONG KONG, June 29, 2009 (GLOBE NEWSWIRE) -- Bonso Electronics International,
Inc. (Nasdaq:BNSO) a designer and manufacturer of sensor based and
communications products, today provided an update on the construction plan for
its new manufacturing facility.
"In order to cut labor costs and factory overhead, and at the same time expand
production capacity, many Chinese manufacturers are relocating their production
facilities from urbanized cities like Shenzhen to rural areas," said Anthony So,
Chairman and Chief Executive Officer of Bonso Electronics International Inc. "In
2006, Bonso acquired approximately 150,000 square meters of land in XinXing, in
the western part of Guangdong province, approximately a 3 hour drive from our
existing factory in Shenzhen, in order to develop a new manufacturing facility."
"The land for the new factory site is significantly larger than the current land
in Shenzhen. The ground breaking for the new facility will begin in July 2009,
and the first phase of construction is expected to be completed in 2 to 3 years.
We believe the new facility will boost our total production capacity by 100%,
while lowering labor costs and factory overhead. Together with the existing
Shenzhen factory, we believe we will be able to satisfy the increasing market
demand, and at the same time possess adequate resources to penetrate into new
markets."
About Bonso Electronics
Bonso Electronics designs, develops, manufactures, assembles and markets a
comprehensive line of telecommunications products, electronic scales, weighing
instruments and health care products. Bonso products are manufactured in the
People's Republic of China for customers primarily located in North America and
Europe. Company services include product design and prototyping, production
tooling, procurement of components, total quality management, and just-in-time
delivery. Bonso also independently designs and develops electronic products for
private label markets. For further information, visit the company's web site at
http://www.bonso.com.
This news release includes forward looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended. Forward looking statements may
be identified by such words or phrases as ``should,'' ``intends,'' ``is subject
to,'' ``expects,'' ``will,'' ``continue,'' ``anticipate,'' ``estimated,''
``projected,'' ``may,'' `` I or we believe,'' ``future prospects,'' or similar
expressions. Forward-looking statements made in this press release, which relate
to the reduction of losses and a positive impact upon our future operations as a
result of the sale of assets involve known and unknown risks and uncertainties
that may cause the actual results to differ materially from those expected and
stated in this announcement. We undertake no obligation to update
"forward-looking" statements.
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CONTACT: Bonso Electronics International, Inc.
Albert So, Chief Financial Officer
852 2605 5822
Fax: 852 2691 1724
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