Visual Frontier announces major new contract to supply optical storage products to industry leader.Visual Frontier, Inc. (BULLETIN BOARD: VFTR VFTR Valley Forge Trail Riders (Motorcyclists) ) announced that it has signed a multi-million dollar deal with Japanese Japanese (jăp'ənēz`), language of uncertain origin that is spoken by more than 125 million people, most of whom live in Japan. There are also many speakers of Japanese in the Ryukyu Islands, Korea, Taiwan, parts of the United States, and electronics manufacturer TEAC TEAC Tetraethylammonium Chloride TEAC Theological Education for the Anglican Communion TEAC Technology Education Association of California TEAC Turbine Engine Analysis Check TEAC Timber Export Advisory Committee TEAC Training & Education Advisory Committee Corporation. Signed at TEAC's Taipei Taipei (tībā`), city (1995 est. pop. 2,632,863), N Taiwan, capital of Taiwan and provisional capital of the Republic of China. Taiwan's largest city, it is the administrative, cultural, and industrial center of the island. office, the contract lays the groundwork for what is anticipated to be a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. co-operation between the two companies. Under the agreement Visual Frontier will provide optical storage drives to be sold under the world-renowned world-re·nowned adj. Widely known and acclaimed. TEAC name. Visual Frontier and TEAC will also enter a technology sharing agreement to jointly develop products that meet consumer's demands. Founded in Japan and operated worldwide, TEAC is celebrating its fiftieth anniversary this year. TEAC Corporation's major businesses include Computer Peripherals, Measurement, Communication, Video and Mass Storage Products, Professional Audio Products and Consumer Audio Products. This contract is an affirmation A solemn and formal declaration of the truth of a statement, such as an Affidavit or the actual or prospective testimony of a witness or a party that takes the place of an oath. An affirmation is also used when a person cannot take an oath because of religious convictions. of Visual Frontier's design and production capability. Visual Frontier is proud that its products were chosen by TEAC over several competing brands. With the help of companies like TEAC, Visual Frontier can grow and be able to continue to supply its customers with the most technologically advanced products at the most reasonable price. This joint effort project is important to Visual Frontier as it once again proves the competitiveness and overall market appeal of the company's wide array of design efforts. The deal estimated to be worth two million US dollars annually is a tremendous achievement for the research and development team and a testament to the quality of the company's line of optical storage drives. TEAC is the worldwide leader in the development and manufacture of information recording and data storage technology as well as audio and environment equipment. The company offers cutting edge technological products such as computer peripherals, measurement devices and communication recording products. Since TEAC's inception in 1953, it has established a strong market presence in 16 countries across both Asia and Europe, with its global headquarters in Japan. Currently, TEAC has a total of more than 9,000 employees worldwide and is also listed on the Japan Stock Exchange. |
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