International DisplayWorks Announces Tooling Orders for Point-of-Sale Devices; IDW Enhances Position in the Secure Transaction T
January 31 2006 - 11:00AM
Business Wire
International DisplayWorks, Inc. (IDW) (Nasdaq:IDWK), announced
today that it has received tooling orders from a leading global
provider of secure transaction terminals headquartered in Europe.
IDW estimates that the annual value of business resulting from
these tooling orders could be up to $3 million. The customer has an
installed base of over 8.5 million terminals located in 90
countries and estimates shipping an additional 1.5 million new
terminals globally each year. IDW was selected as a key supplier of
displays for its customers' terminals based on the total value IDW
offers as a result of its quality products, global technical
support, and responsive supply chain. This initial order is
expected to begin shipping in the first half of calendar 2006. With
these initial orders, IDW is now engaged with two of the top three
market leaders in the secure transaction terminal market. Tom
Lacey, Chairman and Chief Executive Officer of International
DisplayWorks, commented, "These initial orders further validate our
sales initiatives in the European marketplace and provides the
basis for incremental revenue growth and profitability as we look
to leverage higher utilization at our facilities. We continue to
focus on developing new business with leaders in differentiated
vertical markets and are pleased to report this progress." About
International DisplayWorks International DisplayWorks, Inc. is a
manufacturer and designer of high quality liquid crystal displays,
modules and assemblies for a variety of customer needs including
OEM applications. IDW operates 466,000 square feet of manufacturing
facilities in the People's Republic of China (PRC). Sales offices
are located in US, Europe, Hong Kong, Singapore, and China. Copies
of IDW's 10-K and other documents as filed with the SEC are
available through a link on our web site: www.idwk.com. NOTE: The
foregoing is news relating to International DisplayWorks, Inc.
("IDW") and contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The forward-looking statements
involve risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements. When used in
this release, the words "anticipate," "believe," "estimate,"
"expect" and similar expressions as they relate to IDW or its
management, including without limitation, IDW and its subsidiaries,
are intended to identify such forward-looking statements. IDW's
actual results, performance or achievements could differ materially
from the results expressed in, or implied by these forward-looking
statements. For more detailed information the reader is referred to
IDW's 10-K and other related documents filed with the Securities
and Exchange Commission. This does not constitute an offer to buy
or sell securities by the Company and is meant purely for
informational purposes.
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