VANCOUVER, CANADA -- April 17, 2006 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE) is pleased to announce that it has received a new customer order from Hitachi Maxell, Ltd. (“Hitachi Maxell”), the technology leader in data storage and backup tape, to manufacture digital pens.
Hitachi Maxell’s digital pen is a completely new IT device that converts analog information such as handwritten characters and drawings into digital information while enabling an interface with other IT devices. The digital pen can capture data written on special paper, and then store the digital data in the memory of the digital pen. The information stored in memory can easily be transferred to personal computers or other IT devices, such as mobile phones via a Bluetooth or USB interface, and accessed anytime.
Nam Tai is very excited to be granted an opportunity to build this sophisticated digital pen for Hitachi Maxell which has features different from those of the text reading pen that it manufactured for Anoto Group. The Company is also pleased that Nam Tai is able to broaden its product scope by using its optical technology in different product segments. This shows that Nam Tai’s strong manufacturing technology and capability are once again being recognized by global customers. Coupled with the global outsourcing trend in the electronic industry and its aggressive marketing strategies, the Company plans to continue capturing additional business opportunities and further enlarging its customer base.
About Nam Tai Electronics, Inc.
We are an electronics manufacturing and design services provider to a select group of the world’s leading OEMs of telecommunications and consumer electronic products. Through our electronics manufacturing services operations, we manufacture electronic components and sub-assemblies, including LCD panels, LCD modules, RF modules, DAB modules, FPC sub-assemblies and image sensors modules and PCBA for BluetoothTM headsets. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, electronic toys, handheld video game devices, entertainment devices and microwave ovens. We also manufacture finished products, including cellular phones in semi-knocked down, or SKD, form, mobile phone accessories and educational products.
Nam Tai has two Hong Kong listed subsidiaries, Nam Tai Electronic & Electrical Products Limited (“NTEEP”) and J.I.C. Technology Company Limited (“JIC”). Interested investors may go to the website of The Stock Exchange of Hong Kong at www.hkex.com.hk to obtain the information. The stock code of NTEEP and JIC in The Stock Exchange of Hong Kong are 2633 and 987, respectively. Investors are reminded to exercise caution when assessing such information and not to deal with the shares of the Company based solely on reliance of such information. The results of NTEEP and JIC only represent a part of the results of the Company and there are GAAP differences in the financial statements of NTEEP and JIC, when compared with the financial statements of the Company. Furthermore, different subsidiaries of the Company may have a different peak season during a year.