Deswell Industries Inc. Subsidiary, Jetcrown Industrial Ltd., Announces New Customer Relationship With Emerson.Business Editors HONG KONG--(BUSINESS WIRE)--Dec. 12, 2000 Deswell Industries, Inc. (Nasdaq Symbol: DSWL) today announced its plastic injection subsidiary, Jetcrown Industrial Ltd. ("Jetcrown"), has established a new customer relationship with Emerson (NYSE NYSE See: New York Stock Exchange : EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ). The master agreement allows Jetcrown to negotiate with Emerson and its worldwide subsidiaries for mold design, tooling, plastic injection and plastic parts supply. Emerson completed the agreement after months of frequent facility visits, quality standard reviews, hardware and software inspections. Emerson (www.gotoemerson.com), located in St. Louis, Mo., is a global leader in bringing together technology and engineering to provide customers with innovative solutions in electronics and telecommunications; process control; industrial automation; heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. ; and appliance and tools. With fiscal 2000 sales of $15.5 billion, Emerson has more than 60 divisions selling products in more than 150 countries. Currently, Jetcrown is developing relationships with more than eight divisions of Emerson, including Fisher Rosemount Systems, Alco Controls, Mallory Controls, Chromalox, EGS EGS European Geophysical Society EGS European Graduate School EGS El Goonish Shive (webcomic) EGS Environmental Goods and Services EGS Employment Guarantee Scheme (UK) EGS EOS Ground System Electrical Group, and ASCO ASCO American Society of Clinical Oncology ASCO Association of Schools and Colleges of Optometry (since 1941; Rockville, Maryland) ASCO Australian Standard Classification of Occupations ASCO Automatic Switch Company Valve. Richard Lau, chief executive officer of Deswell, said, "We are very pleased to have the opportunity to work with Emerson, one of the world's leading technology companies, and we look forward to building a long-term relationship with them. This new relationship dramatically strengthens our leadership position in the injection molding industry. We continue to gain market share due to our expertise and expanding state-of-the-art manufacturing capabilities. Our growing customer base will surely help to secure our capacity and revenue expansion in the years 2001 to 2004." Deswell manufactures injection-molded plastic parts and components, electronic products and subassemblies, and metallic products for original equipment manufacturers ("OEMs") and contract manufacturers at its factories in the People's Republic of China. The Company produces a wide variety of plastic parts and components used in the manufacture of consumer and industrial products; printed circuit board assemblies using surface mount ("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 "), and pin-through hole ("PHT PHT Phenytoin (antiepileptic, Dilantin) PHT Pulmonary Hypertension PhT Pharmacy Technician PHT Post-Harvest Technology PHT Pattern History Table PHT Pressure Half Time PHT Public Health Trust ") interconnection technologies; and finished products such as telephones, telephone answering machines, sophisticated studio-quality audio equipment and computer peripherals. The Company's customers include Kyocera Mita Industrial Co. (H.K.) Limited, Epson Precision (H.K.) Ltd., Namtai Electronics (Shenzhen) Co. Ltd., Inter-Tel Incorporated, Vtech Communications Ltd. and Peavey Electronics Corporation. To learn more about Deswell Industries, Inc., please visit the Company's web site at www.deswell.com. |
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