VANCOUVER, CANADA -- July 11, 2005 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE) is pleased to announce that it has received new orders from GN Netcom A/B (“GNN”) for the development and manufacturing of peripherals for new game devices.
GNN is part of a Danish based technology group, GN Store Nord A/S, which is listed on the Copenhagen Stock Exchange. GNN specializes in communication solutions and develops and markets a wide selection of products which are sold in more than 80 countries worldwide.
“We are very excited to be granted an opportunity to co-operate with this sophisticated company in the manufacturing and development of peripherals for new game devices,” said Mr. Joseph Li, Chief Executive Officer of Nam Tai. “We are also pleased that Nam Tai is able to broaden its product scope by using its technology in different product segments. We believe this is an indication that Nam Tai’s manufacturing technology and capability are once again being recognized by global customers. Coupled with the global outsourcing trend in the electronic industry and our diligent marketing efforts, we expect to continue to capture more business opportunities and further enlarge our 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, 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 upon reliance on such information