Boundless Acquires Manufacturing Facility From BOCA Research; Adding Value By Building-To-Order In A Growing Market.Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jan. 25, 2000 Boundless Corporation (AMEX AMEX See: American Stock Exchange : BND BND In currencies, this is the abbreviation for the Brunei Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) - a provider of manufacturing services today disclosed that its recently formed subsidiary, Boundless Manufacturing Services, Inc. (BMS BMS abbr. Bachelor of Marine Science ), has taken a step forward in its pursuit of opportunities within the $90 billion+ electronic manufacturing services (EMS) marketplace by entering into a contact manufacturing agreement with Boca Research, Inc.(R) (Nasdaq: BOCI BOCI Bank of China International BOCI Buckner Orphan Care International ). Related to this transaction, Boundless Technologies Inc., another subsidiary, has entered into an agreement to acquire certain assets related to Boca Research's manufacturing operations. BMS will assume the manufacturing services, lease and other support services of Boca Research's, Florida based, 70,000 square foot manufacturing facility and will staff the facility from Boca Research's current team of manufacturing and supply chain associates. The contract manufacturing agreement includes a specified minimum level of contract manufacturing services for the first 12-month period. The definitive agreements are subject to due diligence and other customary conditions of closing, expected in early March 2000. Joseph V. Joy, president, Boundless Manufacturing Services, Inc. said, &uot;We are excited about adding printed circuit board assemblies (PCBAs) capability to our existing Build-to-Order (BTO BTO British Trust for Ornithology BTO Business Technology Optimization BTO Bachman Turner Overdrive (band) BTO Business Transformation Outsourcing BTO Build-Transfer-Operate BTO Brutto (German: Gross [quantity]) ) capability, in Hauppauge, NY, and extending our integration of the total supply chain for our customers. We are especially pleased that along with the assets purchased from Boca Research many of their very experienced and talented manufacturing and supply chain management associates will join Boundless on the date of the closing. In addition to the existing PCBA PCBA Printed Circuit Board Assembly PCBA Physically Challenged Bowhunters of America PCBA Polk County Builders Association (Florida) PCBA Punjab College of Business Administration (Pakistan) capability, Boundless will use its expertise to implement BTO systems assembly in the Florida location expanding our proximity to the markets served by our customers.&uot; Boundless is rapidly executing its strategy to grow its business in the electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) market and expand its supply chain management solutions through a combination of acquisitions and organic growth. The strategic benefit to acquiring assets includes adding capabilities, technologies, management expertise, and geographic locations to better serve its EMS customers. &uot;I am pleased to see our EMS subsidiary, Boundless Manufacturing Services, Inc., implementing its strategy and expanding its capabilities ahead of plan,&uot; said Boundless Corporation's 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. , J. Gerald Combs. &uot;Each day we further validate our strategy and our value proposition as the most innovative &uot;end-to-end&uot; supply chain partner for OEMs.&uot; Boundless will continue to manufacture PCBAs supported by several Surface Mount Technology (SMT (1) (Surface Mount Technology) See surface mount. (2) (Station ManagemenT) An FDDI network management protocol that provides direct management. Only one node requires the software. SMT - Station Management ) lines in the Boca Raton facility. This manufacturing activity will include the uninterrupted supply of Boca Research's modem products, and new Boca Research's products as they are released. In addition, BMS will provide Boca Research with distribution and logistical services. About Boundless Boundless provides full-service build-to-order capabilities at its 155,000 square-foot ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified U.S. manufacturing facility. Services include supply chain optimization Supply Chain Optimization is the application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes the optimal placement of inventory within the supply chain, minimizing operating costs (including manufacturing costs, , global supply base management, systems assembly and test, distribution and logistics, repair centers and end-of-life management. For 30 years, Boundless has manufactured high quality products and offered a full suite of supporting services. In the last decade, Boundless has excelled in build-to- order mass-customized manufacturing, a capability that has evolved into a key core competency that offers a significant competitive advantage. Boundless also offers in-house engineering expertise -- product design, test development, product development - that has significantly decreased time-to-market for 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 such as Lucent Technologies, IBM, Wang Global, NCR, the Tandem and Digital Divisions of Compaq Computer, Hewlett-Packard and Strauss Computer. Boundless Manufacturing Services and Boundless Technologies are subsidiaries of Boundless Corporation (AMEX: BND), which is headquartered in Hauppauge, New York Hauppauge (pronounced /hɔpɔg/) is a hamlet in the Town of Islip and the Town of Smithtown in Suffolk County, New York, United States. . Engineering capabilities are found there and in Austin, Texas. Additional sales and distribution offices can be found throughout North American, Latin America, Europe, Asia and Australia. For more information, visit the Boundless web site at http://www.boundless.com, or call 1/800-231-5445. Editors: All company/product names and service marks may be trademarks or registered trademarks of their respective companies. Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission. |
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