RF Monolithics Announces Extension of Manufacturing Services Contract with Tai-Saw Technology Co., Ltd.
29 Mars 2012 - 3:58PM
Business Wire
RF Monolithics, Inc. (NASDAQ: RFMI) (“RFM” or “the
Company”) a leader in machine-to-machine (M2M) wireless
communications announced the signing of a manufacturing contract
with Tai-Saw Technology Co., Ltd. (TST) (TWO: 3221). The contract
extends the current agreement for assembly manufacturing at least
through December 1, 2013 and continues RFM’s dependable source of
supply for its Wireless Component segment products.
Farlin Halsey, President and CEO of RFM, stated, “We have
developed a strong business alliance with TST and are pleased that
it has now been extended. This contract is results from the
long-standing business relationship that began with the transition
of some product assembly to TST in 2001. TST also was our first
partner to provide wafer fabrication services. We rely on TST to
provide our Wireless Component segment products in a market that is
very competitive based on quality, service and price. TST has
performed very effectively and we believe this relationship with
TST gives us technical capabilities, packaging technologies and
added presence in the marketplace. TST has proven to be a valued
business partner and we are very pleased to continue this
relationship.”
TST’s operations, which include wafer fabrication, assembly,
test, screening, and support operations, are located in Taoyuan,
Taiwan. Yu-Tung Huang, Chairman of TST, commented, “We are also
very pleased with the extension of this contract and the
continuation of our alliance with RFM. We believe our engineering
resources and capabilities complement RFM’s strong market presence.
In addition to providing foundry and assembly services, our broad
range of technical capabilities and turn-key products contribute to
both TST’s and RFM’s growth plans.”
About RFM
RF Monolithics, Inc., headquartered in Dallas, Texas, is a
provider of solutions-driven, technology-enabled wireless
connectivity for a broad range of wireless applications—from
individual standard and custom components to modules for
comprehensive industrial wireless sensor networks and
machine-to-machine (M2M) technology. For more information on RF
Monolithics, Inc., please visit the Company’s website at
www.RFM.com.
About TST
TST, located in Taoyuan, Taiwan was founded in 1997 by engineers
formerly with Motorola® with a goal to become the leading
manufacturing service provider for high performance communications
components and to advance processing technology for the application
of wide band-gap piezoelectric wafers. TST’s services include wafer
fabrication, assembly, screening and testing, and technical
support. TST is a TS 16949 and QS 9000 qualified supplier.
Additional information about TST can be found at
www.taisaw.com.
Forward-Looking Statements
This news release contains forward-looking statements, made
pursuant to the Safe Harbor Provision of the Private Securities
Litigation Reform Act of 1995, that involve risks and
uncertainties. Statements of the plans, objectives, expectations
and intentions of RFM and/or its wholly-owned subsidiaries
(collectively, the “Company” or “we”) involve risks and
uncertainties. Statements containing terms such as “believe”,
“expect”, “plan”, “anticipate”, “may” or similar terms are
considered to contain uncertainty and are forward-looking
statements. Such statements are based on information available to
management as of the time of such statements and relate to, among
other things, expectations of the business environment in which we
operate, projections of future performance, perceived opportunities
in the market and statements regarding our mission and vision, and
future financial and operating results. Such statements are not
guarantees of future performance and involve certain risks,
uncertainties and assumptions, including risks related to economic
conditions as related to our customer base, collection of
receivables from customers who may be affected by economic
conditions, the highly competitive market in which we operate,
rapid changes in technologies that may displace products sold by
us, declining prices of products, our reliance on distributors,
delays in product development efforts, uncertainty in consumer
acceptance of our products, changes in our level of sales or
profitability, manufacturing and sourcing risks, availability of
materials, cost of components for our products, product defects and
returns, as well as the other risks detailed from time to time in
our SEC reports, including the report on Form 10-K for the year
ended August 31, 2011. We do not assume any obligation to update
any information contained in this release.
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