Printer Friendly
The Free Library
14,506,104 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

CinTel's Subsidiary PSTS Transfers Fairchild Korea Semiconductor Co., Ltd's Production Line from STS Telecommunications in Korea.


LOUISVILLE, Ky. -- CinTel Corp. (CinTel) (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CNCN), Korea's top internet traffic Internet traffic is the flow of data around the Internet. It includes web traffic, which is the amount of that data that is related to the World Wide Web, along with the traffic from other major uses of the Internet, such as electronic mail and peer-to-peer networks.  management (ITM ITM

See: In-the-money
) solution provider and semiconductor-business partner, is pleased to announce that its subsidiary in China, Phoenix Semiconductor and Telecommunication Suzhou (PSTS PSTS Philosophy of Science, Technology and Society
PSTS Precision SIGINT Targeting System
PSTS Power Supply Test Station/Set
), has completed transfer of the Fairchild Korea Semiconductor Co., Ltd's package assembly and test line for their 8SOP HVIC HVIC High-Voltage Integrated Circuit  product line from STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module).  Semiconductor and Telecommunication in Korea and has started mass production as of November 2006. PSTS expects to produce more than 12,000,000 units per year with this contract.

It also plans to transfer additional assembly and test lines for 8MOS (1) (Metal Oxide Semiconductor) See MOSFET.

(2) (Mean Opinion Score) The quality of a digitized voice line. It is a subjective measurement that is derived entirely by people listening to the calls and scoring the results from
, TO-22OF/P products for Fairchild Korea Semiconductor Co., Ltd from STS Semiconductor and Telecommunications in Korea in December 2006 and will start mass production, after quality assurance measures are reviewed, in January 2007. PSTS expects to produce more than 42,000,000 of these units per year.

Specialized products of Fairchild Korea Semiconductor provided under these transfers are Power IC and Switching IC units, which regulate and distribute high voltage The term high voltage characterizes electrical circuits, in which the voltage used is the cause of particular safety concerns and insulation requirements. High voltage is used in electrical power distribution, in cathode ray tubes, to generate X-rays and particle beams, to  and high electric current for home appliances such as TV, DVD Player A stand-alone device that plays DVDs. It contains a DVD drive and the electronics to decode the digital video. The device may play only manufactured DVDs, or it may be able to play DVD-R, DVD-RW and DVD+RW discs. DVD players are cabled to a TV or home theater system for display. , Washing Machine and Audio.

After PSTS qualified as an assembly and test site for Fairchild's devices, such as 8SOP, 10SOP, 14SOP, 8DIP, 14DIP and others, in 2005 and 2006, PSTS has transferred assembly and test lines already from STS Semiconductor and Telecommunication in Korea for Fairchild in 2005 and anticipates the subsequent transfer of additional lines for Fairchild Korea and other customers, like Samsung Electronics Corp., in the coming years.

We expect these two additional lines that are coming online in the final months of 2006 to result in at least an additional $5,000,000 in annual sales in 2007, which is in addition to the $8,000,000 in annual sales resulting from contracts with Samsung Electronics LCD (Suzhou). Additional subsequent transfers of assembly and test lines and new contracts with additional customers will result in significantly increased sales in the coming year.

Joo Ho Choi, the manager of PSTS, said, "We are pleased to add these high tech product lines through this contract. We are now securing production capacity for various products and expect additional sales to new customers with high voltage product lines in the near future."

Sang-Don Kim, the 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.  and President of CinTel Corp., said, "PSTS is now diversifying its customer base with other world class customers, such as Fairchild Semiconductor, while maintaining strong relationships with current major customers like Samsung Electronics. This will secure the stable and rapid growth of production at PSTS. CinTel is committed to managing our business to deliver more consistent and sustainable improvements in sales and earnings."

About Fairchild Semiconductor: (www.fairchildsemi.com)

Fairchild Semiconductor (NYSE NYSE

See: New York Stock Exchange
:FCS FCS - Frame Check Sequence ) is the leading global supplier of high-performance power products critical to today's leading electronic applications in the computing, communications, consumer, industrial and automotive segments. As The Power Franchise(R), Fairchild offers the industry's broadest portfolio of components that optimize system power. Fairchild's 9,000 employees design, manufacture and market power, analog & mixed signal, interface, logic, and optoelectronics products.

About STS Semiconductor and Telecommunication (www.sts-semi.co.kr)

STS Semiconductor and Telecommunication is a subsidiary of BoKwang Group and the biggest semiconductor company in BoKwang's network. It began as a semiconductor packaging and testing specialty company after spinning off from Samsung Electronics in 1998 and is now becoming a leading semiconductor packaging company as well as a total solution provider for memory applications for home appliances, semiconductor, and TFT-LCD TFT-LCD Thin Film Transistor - Liquid Crystal Display  application products. STS was listed on KOSDAQ KOSDAQ Korean Securities Dealers Automated Quotations  in 2001 and is publicly traded.

About Phoenix Semiconductor and Telecommunication Suzhou (PSTS): (www.psts.com.cn)

Phoenix Semiconductor and Telecommunication became a subsidiary of CinTel Corp in October 2006. It was founded by STS Semiconductor and Telecommunication in China in 2004 by acquiring certain parts of the packaging production lines from Samsung Electronics Corporation's China plant (SESS). It began mass production in 2005 and its main customer is Samsung Electronics Corporation, the largest semiconductor manufacturer in the world. PSTS's main products are semiconductor packaging, NAND flash memory and LCD assembly.

About CinTel Corp: (www.cintelcorp.net)

While CinTel maintains its position as a leader in Internet Traffic Management (ITM) systems, it has also begun expansion into creative new markets and worldwide distribution of Korean- and Chinese-based technologies. With its main headquarters in North America and operations worldwide, CinTel Corp. provides a range of enterprise technology solutions. Founded in 1997, CinTel introduced Korea's first dynamic server load balancer, which has now evolved into a world-class product line. With its ever expanding solutions with key partners and internal development, CinTel has created a conglomerate of technology products to include NAND flash memory packaging, LCD assembly, semiconductor packaging and testing specialists, as well as a total solution provider for memory applications for home appliances, semiconductor and TFT-LCD application products. CinTel's award-winning ITM solutions are marketed to customers worldwide, enabling customers to improve Internet and network traffic management, service levels, secure content, user experience, and reduce server loads and bandwidth demands.

Safe-Harbor Statement

This press release may contain statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 18, 2006
Words:896
Previous Article:GRAVITY Enters Into an Agreement Regarding Publishing Right for 'ECO' in Southeast Asia and Oceania.
Next Article:Carlisle Companies Acquires Assets of Meiyan Tire Group in China.
Topics:



Related Articles
Fairchild Corporation Subsidiary Fairchild Technologies Announces Multi-Million Dollar Order from Samsung for 0.25-Micron Falcon Deep UV Wafer...
Hyundai and ETRI Begin Joint Development of RF CMOS Chipset for PCS Phones.
CINTEL COMING BACK IN FOCUS AFTER CORPORATE RESTRUCTURING.(NEWS)
FILM FIRM PLANNING TO EXPOSE PRODUCT.(NEWS)
Fairchild Semiconductor Appoints Min Young Park Vice President of Finance and CFO of Fairchild Korea; Supports Fairchild's Rapid Growth in the Asia...
CinTel develops a network security solution that enables content filtering proxy.
CinTel to Supply iCache 7000 Series to Hynix Semiconductor Inc. in China.
CinTel Revises Accounting Deferred Tax Credits to Reflect Shift in Business Direction.
CinTel's Chinese Subsidiary, Phoenix Semiconductor and Telecommunication (Suzhou) Co., Ltd (PSTS), Signs Contract with Samsung Electronic LCD...
CinTel Corp. Has Entered into $63 Million Agreement in Convertible Bonds from Woori Private Equity Fund for Future Acquisitions.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles