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April 21, 2014 -Monday

 
  AIC Signs MoU With Daewoo International For Multimedia Displays And Automotive Electronics

Friday 09/12/2005

KUALA LUMPUR, December 9, 2005 - Two wholly-owned subsidiaries of AIC Corporation Berhad, AIC Display Sdn Bhd and AIC Inspirasi Sdn Bhd, signed separate Memorandum of Understanding (MoU) with Daewoo
International Corporation. The MoUs marked the beginning of a supply contract for multimedia displays and a proposed collaboration in the automotive industry.

AIC Display designs, develops, manufactures, markets and distributes multimedia displays including the Thin Film Transistor Liquid Crystal Display (TFT-LCD) and Plasma TVs and monitors. AIC Display's 55,000 sq
ft plant in Shah Alam, equipped with state-of-the-art development and manufacturing facilities opened earlier this year. The plant currently has two production lines capable of manufacturing monitors and televisions of
up to 50" sizes. Products are now being sold in Korea, Japan US, UK and Europe,markets noted for high quality product requirements.

Tae-Yong Lee, President and CEO of Daewoo International Corporation said,"We were successful to expand our business with AIC's model in the
markets due to its excellence of design and quality. Our partnership with AIC Display started in January 2005. To date, AIC Display has shipped more than 40,000 units of 17" and 19" TFT-LCD display monitors to various
countries,especially Europe and North America. We are very proud to add AIC Display to our list of renowned, reliable and reputable international original design manufacturers for multimedia display products."

Its design and development team has successfully developed the 17" and 19" TFT-LCD monitors, the 19" TFT-LCD TVs as well as the 42" Plasma TVs. The products are currently sold under the original design manufacturer (ODM) model as well as under AIC's own brand name, 'Plaxio'. The in-house design and development capabilities gives AIC Display a distinct advantage in terms of speed and flexibility in meeting the requirements of its customers. The team is currently developing the 50" Plasma TV and 42" TFT-LCD TV as well.

AIC Inspirasi Group of Companies is one of the forerunners in the Malaysian automotive components industry and has over 20 years of manufacturing experience in this field. Over the years the group has built up a solid customer base with car manufacturers such as Proton, Perodua, Toyota and Honda for the supply of automotive components. Partnering a Korean company, Nexen Tech Corporation, which will be providing the technical assistance, AIC Inspirasi and Daewoo will be
forming a tripartite to venture into the automotive wire harness business in Malaysia.

"AIC Display is proud to be the first local company to have in-house capabilities to design, develop and manufacture TFT-LCD and plasma monitors and TVs. Since the commencement of initial production in April
2004, AIC Display's products have made successful inroads to overseas markets which are known for their stringent international quality standards
such as Korea,Japan, US, UK and Europe. Apart from these markets, our products have also reached the shores of Middle East, South Africa, Latin America, Australia and New Zealand," said Datuk Sarip Hamid, Chairman of AIC Corporation Berhad.

"We are honoured that Daewoo had chosen us to be one of their suppliers for the 17" and 19" TFT-LCD monitors which have proven to be popular given our excellent designs and quality. We hope that our in-house
designed plasma and LCD TVs will be added to the list of Daewoo's high quality products in the near future," he added.

AIC Corporation has positioned itself as a one-stop solution provider for the consumer, telecom and automotive electronic products industries in Malaysia. By providing cutting-edge technology and solutions, including
higher value-added design and engineering services to high-tech industries such as semiconductor and display, AIC is its way to success.

ISSUED BY: BRAND MERCATUS MALAYSIA

Contact:May Wong
Brand Mercatus Malaysia
Tel: +603 620.35.800 ext 220 Fax: +603 620.32.900
Email: media@mercatus.com.my
www.mercatus.com.my

DATE OF RELEASE:DECEMBER 9,2005
RELEASED BY BERNAMA PRWIRE MALAYSIA*GLOBAL

 
 
 

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