VANCOUVER, CANADA -- November 28, 2005 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE) is pleased to announce that it has received new orders from a leading Japanese manufacturer of automotive equipment to manufacture Color Super Twisted Nematic (“CSTN”) LCD panels for its car audio systems.
The newly developed CSTN LCD panels are tailor-made for the customer’s car audio systems, which have good electro-optical performance.
“We are very glad to be granted an opportunity to further broaden our product line of LCD panels which now extends to the components for automotive applications,” said Mr. Joseph Li, Chief Executive Officer of Nam Tai. “Taking advantage of the increasing application of LCD products in various industries, we will continue to grasp opportunities arising in this area.”
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, FPC sub-assemblies and image sensors modules. These components are used in numerous electronic products, including cellular phones, laptop computers, digital cameras, copiers, fax machines, electronic toys, handheld video game devices and microwave ovens. We also manufacture finished products, including cellular phones, palm-sized PCs, personal digital assistants, electronic dictionaries, calculators, digital camera accessories and BluetoothTM wireless headset accessory for use with cellular phones.
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.