VANCOUVER, CANADA -- May 31, 2005 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE) is pleased to announce that it has won a new customer order from Anoto Group AB (“Anoto Group”) to manufacture scanner pens under the C-Pen® brand name. Anoto Group is a Swedish hi-tech company with shares traded on the O-list of the Stockholm Stock Exchange and which has unique product solutions for the transmission of handwritten text from paper to digital media and the scanning of printed text.
The C-Pen® is a handheld scanner pen consisting of a digital camera, processor, memory component, text to speech engine, dictionary and translation software. With its specific design which can be used together with a hosting computer, the C-Pen® reads generic text, number and bar codes into a personal computer through a USB connection. In addition to its reading ability, the C-Pen® has various applications such as text reading for dyslectic or disabled people, foreign languages pronunciation practice, Internet banking/accounting, language translation and dictionary lookup, among others.
“We are very excited to be granted an opportunity to build such a sophisticated scanner pen for Anoto Group. This new order not only further broadens our product line, but also further enlarges our customer base. Backed by our established sales and marketing network and all-round customer services, the Company expects to continue to take on more international customers with a view to enhancing our continuous business growth. The Company also expects to capture and reap the benefits of new business opportunities arising as a result of the increasing global outsourcing trend,” said Mr. Joseph Li, Chief Executive Officer of Nam Tai.
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.
Certain statements in this press release are “forward-looking statements” within the meaning of U.S. federal securities laws. Nam Tai intends that these statements be covered by the safe harbors created under these laws. These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by the forward-looking statements. Many of these factors are beyond Nam Tai's ability to control or predict. Given these uncertainties, readers are cautioned not to place undue reliance on the forward-looking statements, which only speak as of the date of this press release. Nam Tai does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.