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Sarantel signed a memorandum of understanding on outsource manufacturing and distribution with Sanmina-SCI.


Sarantel signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment.  on outsource manufacturing and distribution with Sanmina-SCI. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the MoU, Sanmina will provide Sarantel with procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , manufacturing and logistics services from its Singapore facility. Sanmina will acquire some of Sarantel's manufacturing assets as the deal progresses but will not acquire any of Sarantel's buildings or employees.
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Title Annotation:IT'S A DEAL
Publication:Printed Circuit Design & Manufacture
Date:Jan 1, 2007
Words:53
Previous Article:Global Innovation Corp.(FACES)
Next Article:Firan Technology Group Corp. (FTG) renewed a license agreement with Hadco Santa Clara Inc., a wholly owned subsidiary of Sanmina-SCI Corp., for use...
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