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1ST TECH announces strategic alliance with Altos India Ltd.


AUSTIN, Texas--(BUSINESS WIRE)--Aug. 3, 1995--1ST TECH Corp., a diversified provider of custom services for the electronics industry, today announced a strategic marketing and procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases.  alliance with Altos India Ltd., the high-volume manufacturing subsidiary of Pertech Computers Ltd., India's largest personal computer company.

The two companies have agreed to jointly pursue marketing opportunities that require high-quality design, prototyping and manufacturing capabilities. In addition, 1ST TECH will provide U.S.-based procurement services for Altos' manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations.  in New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. .

"This partnership adds a new dimension to our ability to access low-cost, high-volume manufacturing capacity," said Gary Pankonien, 1ST TECH's founder and chairman. "Altos is a world-class competitor, and we are very excited about the prospects of working with them."

Founded in 1993, Austin-based 1ST TECH Corp. is a technology company committed to marketing total solutions to the electronics industry, including custom design, prototyping, manufacturing and testing. The company manufactures and distributes a broad range of memory products for all major personal computer platforms, peripherals, telecommunications, embedded controllers Controller circuitry built into a device or on the main system board, in contrast with a removable card or module. , industrial controls and instrumentation.

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NOTES TO EDITORS: 1ST TECH and the 1ST TECH logo are trademarks of 1ST TECH Corporation. Other product names are used for information purposes only and may be trademarks or registered trademarks of their respective owners.

CONTACT: 1ST TECH Corporation

Mary Malmquist, 512/257-5018

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Publication:Business Wire
Date:Aug 3, 1995
Words:224
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