Bonso Electronics Announces New Wireless Communications Products.Business Editors HONG KONG--(BUSINESS WIRE)--Jan. 25, 2000 Bonso Electronics International, Inc. (NASDAQ/NMS: BNSO; BNSOW) announces today that significant contract manufacturing orders for a family of TWO-WAY Radios (walkie-talkies) have been received and production shipments are currently being made. These two-way radio products operate on the Family Radio System (FRS FRS abbr. Fellow of the Royal Society FRS, n “flexed rotated side-bent,” an osteopathic abbreviation used to describe vertebral position in cases of spinal dysfunction. ) channel frequency and have a range of up to two miles. A significant production ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale is planned for the first calendar quarter of 2000 and beyond. Anthony So, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bonso, stated: &uot;We are pleased to announce our initial product entry into the fast growing telecommunication's arena. This new line of products demonstrates our expertise, as well as, our commitment to become a significant supplier to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers in the fast growing telecommunications market.&uot; On October 1, 1999, the Wall Street Journal stated that walkie-talkies are the fastest growing consumer electronic GIZMO Slang for any hardware device. See gadget. ; outpacing high-definition TV See HDTV. and DVD players. The article also quoted market research data showing growth from 200,000 units in 1997 to over 5,000,000 units being sold in 1999. This new class of powerful, lightweight two-way radios is becoming increasingly popular with homeowners who want to stay in constant contact with their kids, nannies or neighbors. These new walkie-talkies aren't like the ones used years ago. Three years ago, the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) assigned 14 radio frequencies for &uot;Family Radio Service.&uot; The new frequencies are not far from the frequencies used by FM radio stations so they don't have the static associated with the old models that operated on AM. Bonso's product range includes entry-level models with one channel up to the top of the line unit, which offers 14 channels, and as many as 38 sub-channels on each frequency. All units include a &uot;power-indicator&uot; light. Some units include a &uot;call button&uot; that sends out a tone before you send your message. The higher priced models come with a setting that changes the tone to vibration, similar to pagers or cell phones. Bonso Electronics designs, develops, manufactures, assembles and markets a comprehensive line of electronic scales and weighing instruments and electronic consumer and health care products, as well as, their new line of telecommunications products. The Company manufactures all of its products in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The Company's scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial, parcel and mechanical scales that are used in consumer, commercial and industrial applications. The Company's electronic consumer and health care products include joysticks, thermometers, and blood pressure monitors. The companies telecommunications products include Two Way radios. Headquartered in Hong Kong, Bonso electronics markets its products to customers primarily in North America and Europe. |
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