Boundless Manufacturing Services Closes Two Deals.Business Editors/High Tech Writers HAUPPAUGE, N.Y.--(BUSINESS WIRE)--March 6, 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 announced that its recently formed subsidiary, Boundless Manufacturing Services, Inc. (BMS BMS abbr. Bachelor of Marine Science ), has closed two transactions with Boca Research Inc.(R) (Nasdaq: BOCI BOCI Bank of China International BOCI Buckner Orphan Care International ). The first transaction advances BMS's mission to become a premier EMS provider in the middle market and emerging technology space. As part of the agreement BMS will manufacture modems and other electronic components for Boca Research and other potential customers. The second closing today, relates to the purchase of Boca Research's 70,000 square foot manufacturing facility in Florida by BMS, which will immediately employ 70 Boca Research manufacturing and supply chain associates. Both of these transactions were previously outlined when the letter of intent was announced on 1/25/00. Joseph V. Joy, president, Boundless Manufacturing Services, Inc. said, "Today highlights significant steps in the brief, but exciting history of BMS as we move forward with our vision of becoming the premier EMS provider to middle market and emerging technology companies. We look forward to working with Boca Research and plan on working with many more high tech companies in the future to fulfill their manufacturing needs. The agreement with Boca Research also affords us the opportunity to extend our existing capabilities by adding printed circuit board assemblies (PCBAs) 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]) ) expertise". "This is the exclamation point on the first successful ventures embarked upon by our new EMS team here at Boundless Corporation," 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. "I am very proud of what Joe and his team have accomplished in such a short period of time and I look forward to numerous acquisitions over the next few years. The management and associates at Boundless are extremely confident that technology companies, particularly middle market and startups, could benefit tremendously by seeking out BMS for their complete End-to-End manufacturing needs." BMS' aggressive growth strategy in the EMS market will combine continued acquisitions and organic growth within existing facilities. This deal will afford Boca Research the uninterrupted supply of its modem products in addition to BMS providing distribution, logistical and repair 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 (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Wang Global, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , 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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