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THREE-FIVE SYSTEMS INC. SELECTS RELOCATION SITE

 PHOENIX, Nov. 5 /PRNewswire/ -- Three-Five Systems Inc. (AMEX: TFS) announced that it has selected Papago Park Center in Tempe, Ariz., for its new headquarters building. The proposed building will be located on 5.7 acres at the northeast corner of 56th Street and Washington. Sun State Builders has been chosen as the general contractor. The site and the design of the building will ultimately allow for approximately 105,000 square feet. Initially, 70,000 square feet will be equipped for offices, an automated LCD manufacturing line, and a research laboratory. Costs will run approximately $20 million over the next two years for the new facility, furnishings, and equipment.
 "Adding an automated LCD manufacturing line is a key element in our strategy to become a major supplier of display devices to leading OEMs," said David R. Buchanan, chairman and chief executive officer. "The increasing demand for these devices, especially to the telecommunications industry, makes this expansion critical to our continued growth."
 LCDs manufactured will be for internal use in the company's own devices. The new facility will consolidate its Technology Center, currently at a separate location, with its engineering group and corporate offices. The expansion could mean growth in terms of both regular and contract employees.
 Three-Five Systems Inc. is a manufacturing and engineering services company specializing in custom liquid crystal display (LCD) and light emitting diode (LED) display devices. The company develops and manufactures custom information display systems and input devices for original equipment manufacturers for a broad mix of products including communications, medical, and office automation equipment. Worldwide headquarters are located in Phoenix. Swindon, England, services the European community, and high volume manufacturing is accomplished in Manila, The Philippines.
 -0- 11/5/93
 /CONTACT: Peg Breen of Three-Five Systems, 602-496-0035/
 (TFS)


CO: Three-Five Systems Inc. ST: Arizona IN: CPR SU:

NY-LS -- LA010 -- 1084 11/05/93 08:03 EST
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Publication:PR Newswire
Date:Nov 5, 1993
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