International DisplayWorks, Inc. (IDW) (Nasdaq:IDWK), announced today that it has received several monochrome display design wins from one of the world's leading provider of unified collaborative communication solutions, to be used in voice and video communications devices. Though specific project details were not released, IDW expects revenues from the collective design wins to be up to $5 million over the next several quarters, based on projected product launches and market conditions. With mass production orders already received, production will commence in the current quarter. Tom Lacey, Chairman and Chief Executive Officer of International DisplayWorks, commented, "This additional win from this well known manufacturer is representative of a trend we established last year to diversify our customer base and penetrate target vertical markets. Our unwavering commitment to quality, coupled with our manufacturing efficiency, and strong design team played a key role in our ability to continue to win business." About International DisplayWorks International DisplayWorks, Inc. is a manufacturer and designer of high quality liquid crystal displays, modules and assemblies for a variety of customer needs including OEM applications. IDW operates 466,000 square feet of manufacturing facilities in the People's Republic of China (PRC). Sales offices are located in US, Europe, Hong Kong, Singapore, and China. Copies of IDW's 10-K and other documents as filed with the SEC are available through a link on our web site: www.idwk.com. NOTE: The foregoing is news relating to International DisplayWorks, Inc. ("IDW") and contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "expect" and similar expressions as they relate to IDW or its management, including without limitation, IDW and its subsidiaries, are intended to identify such forward-looking statements. IDW's actual results, performance or achievements could differ materially from the results expressed in, or implied by these forward-looking statements. Design wins are always subject to cancellation, design changes, and industry changes that can disrupt the product life of our customer's applications, market launches, or cancellations. For more detailed information the reader is referred to IDW's 10-K and other related documents filed with the Securities and Exchange Commission. This does not constitute an offer to buy or sell securities by the Company and is meant purely for informational purposes.
International Displayworks (NASDAQ:IDWK)
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