VANCOUVER, CANADA -- November 14, 2005 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE) is pleased to announce that it has won new customer orders from a leading French supplier of high-tech equipment for telecommunications networks to produce LCD modules for its Internet Protocol (“IP”) phones. This customer provides communications solutions to telecommunication carriers, Internet service providers and enterprises for delivery of voice, data and video applications to their customers or employees.
“We are excited about these new customer orders, which reaffirms Nam Tai’s capability in providing high quality LCD products for international renowned customers,” said Mr. Joseph Li, Chief Executive Officer of Nam Tai. “Building on the opportunities created by the increasing applications of LCD products, we believe that we are well equipped to seize more business opportunities and further enlarge our customer base.”
IP phones look and work like a phone, but they connect to the Internet or a dedicated network in IP packets instead of dedicated voice transmission lines.
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 codes 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 upon reliance on such information.