International DisplayWorks Announces Approval for ISO/TS16949 Automotive Certification; Confirms Individual Requirements for Europe and USA Automotive Supply Chain Standards; IDW Also Named One of Shenzhen (PRC)'s Top Multi-National Corporations.ROSEVILLE, Calif. -- International DisplayWorks, Inc. (IDW IDW Informationsdienst Wissenschaft (German: News service science) IDW Ideal Weight IDW Institut der Wirtschaftsprüfer (German: Institute of Auditors ) IDW Inverse Distance Weighting ) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IDWK IDWK International Display Works IDWK I Don't Wanna Know ), announced today that it has passed the audit for ISO/TS16949:2002. ISO/TS16949:2002 was jointly developed by the members of the International Automotive Task Force (IATF IATF International Automotive Task Force IATF Inter Association Task Force IATF Information Assurance Technical Framework IATF Information Assurance Task Force IATF Internet Access Task Force (Estes Park, Colorado) ) in close collaboration with the International Organization for Standardization International Organization for Standardization (ISO) Organization for determining standards in most technical and nontechnical fields. Founded in Geneva in 1947, its membership includes more than 100 countries. (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. ). The aim, based on ISO9001:2000, was to combine the individual requirements of the four most common automotive standards in Europe and the USA -- QS-9000, VDA VDA Vendor Driven Architecture VDA Verband Der Automobilindustrie E.V. (German Automobile Industry Association) VDA Virginia Department for the Aging VDA Ovda, Israel (Airport Code) VDA Visual Data Analysis 6.1, EAQF and AVSQ AVSQ African Violet Society of Queensland (Australia) AVSQ Associazione nazionale dei Valutatori di Sistemi Qualità (Italy) AVSQ Ars Viva String Quartet -- into a single standard. This technical specification together with customer-specific requirements defines quality system requirements for use in the automotive supply chain. Tom Lacey, Chairman and Chief Executive Officer of International DisplayWorks, commented, "The successful completion of this audit will enable us to receive the ISO/TS16949:2002 certification in early 2006 and clearing the path for us to secure automotive clients. This is a milestone achievement for IDW, opening a new and large potential vertical market for us." IDW will complete the necessary documentation in December and January, and anticipates receiving the certificate in March or April of 2006. Separately, the Company announced that it has been named by the Shenzhen Association of Enterprises with Foreign Investment as one of the top MNCs (multinational corporations) in the Shenzhen Region of the PRC. 189 enterprises were selected out of a universe of 20,000 companies and include such names as 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) , Epson, Samsung SDI, Hitachi, Toshiba and DuPont. "Shenzhen, China is arguably the manufacturing capital of the world and this recognition reinforces the tremendous progress we have made in the past five years, growing into a well-respected display manufacturer with a tier-one client base and a solid reputation for quality," Mr. Lacey continued. "I am proud of our success, and confident in our ability to further expand our business opportunities. This award is further evidence of the outstanding job our employees are doing and is a testament to our overall quality both in terms of an employer and designer/manufacturer." About International DisplayWorks International DisplayWorks, Inc. is a manufacturer and designer of high quality liquid crystal displays, modules and assemblies for a variety of customer needs including OEM applications. IDW operates 466,000 square feet of manufacturing facilities in the People's Republic of China (PRC). Sales offices are located in US, Europe, Hong Kong, Singapore, and China. Copies of IDW's 10-K and other documents as filed with the SEC are available through a link on our web site: www.idwk.com. NOTE: The foregoing is news relating to International DisplayWorks, Inc. ("IDW") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of 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. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to IDW or its management, including without limitation, IDW and its subsidiaries, are intended to identify such forward-looking statements. IDW's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. For more detailed information the reader is referred to IDW's 10-K and other related documents filed with the Securities and Exchange Commission. This does not constitute an offer to buy or sell securities by the Company and is meant purely for informational purposes. |
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