SHENZHEN, China, June 6 /Xinhua-PRNewswire/ -- China Display Technologies, Inc. (OTC Bulletin Board: CDYT) (“China Display”, or “the Company”), a leading manufacturer of optoelectronic products, specializing in small- to mid-sized LED and CCFL backlight units for LCD displays in China, today announcement that the Company secured a long-term supply contract with TCL for full range size of backlight unit production.
Founded in 1981, TCL Corporation today is one of China’s largest consumer electronics providers operating on an international scale. By the end of 2007, TCL employed approximately 50,000 staff worldwide and its revenues of 2007 reached around US$6.0 billion. It has retail network across 40 countries with total sales exceeding 15 billion TV sets and 11.9 billion mobile phones by the end of 2007.
"As we has successfully secured the long-term supply contract with Skyworth Group for mid to large sized backlight unit production few days ago, we are extremely pleased that another industrial giant, TCL has also recognized us as one of their qualified and long-term reliable suppliers of backlight units”, said Mr. Lawrence Chan, CEO of China Display Technologies. "This certainly demonstrates the great potential growth opportunity for the company in this year. With the backup from TCL and Skyworth, we are very excited and confident that we can achieve strong sales growth as we benefit from a full range of product offering targeting the BLU market”.
About TCL Corporation
Founded in 1981, TCL Corporation today is one of China’s largest consumer electronics corporations operating on an international scale. Headquarted in Shenzhen, China, TCL has three listed companies operate under the TCL flag: TCL Corporation (S.Z000100), TCL Multimedia Technology (HK.1070) and TCL Communications Technology (HK.2618). The Company is presently composed of four main industrial groups (multimedia, communications, appliances and components), in addition to the real estate, investment business network, logistics and service business network.
About China Display Technologies, Inc.
China Display Technologies, Inc. through its wholly-owned subsidiary Suny Electronics (Shenzhen) Company Limited (“SUNY”) in China, designs, manufactures and markets small- to mid-sized Light Emitting Diode (LED) and Cold Cathode Fluorescent Lamp (CCFL) backlights for various types of Liquid Crystal Displays (LCDs). Its products have applications in electronic consumer products, such as mobile phones, PDAs, GPS systems, portable DVD/VCD players, MP3s and MP4s, medical equipment and household appliances with displays. SUNY was organized in November 2004 and started operations in 2005. It has experienced rapid growth and became a publicly-traded company, listed on the OTC market, through a reverse merger in September 2007. The Company has 800 employees, with manufacturing facilities and management located in Shenzhen, China.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes, expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov ). All forward-looking statements attributable the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
For more information, please contact:
Company Contact:
Mr. Jason Wong
Executive Vice President
China Display Technologies, Inc.
Tel: +852-9257-8928
Email: jason@chinadisplaytech.com
ir@chinadisplaytech.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Elite Investor Relations
Tel: +1-646-213-1915 (NY office)
Email: crocker.coulson@ccgir.com
Web: http://www.ccgelite.com
