Cirmaker Technology Reports $1.8 Million in New Orders in October
08 12월 2003 - 8:00PM
PR Newswire (US)
Cirmaker Technology Reports $1.8 Million in New Orders in October
NEW YORK, Dec. 8 /PRNewswire-FirstCall/ -- Cirmaker Technology
Corp. (BULLETIN BOARD: CRKT) , which manufactures set top boxes for
the Chinese digital TV market, cooling systems for personal
computers and electrical parts, today announced that it received
during the month of October a total of $1.8 million in new orders
from six customers for cooling systems for laptop and personal
computers as well as electrical connectors. The customers, which
are largely suppliers to major computer and CPU manufacturers, are
located in Taiwan, Indonesia, Spain, Syria and Mexico. The cooling
systems are used in PCs and laptops marketed by some of the largest
and best-known computer manufacturers in the world. The orders are
for 581,210 CPU cooling system units and more than 56 million
electrical connectors. As of the end of November, 45% of the orders
were shipped. The Company expects to have shipped the remaining 55%
of the orders by year-end. President Bill Liao of Cirmaker
Technology, said, "These orders include our largest orders to date
for cooling system products. They are a strong endorsement of our
technology and they demonstrate that our cooling systems are
winning acceptance among major computer manufacturers." The
Cirmaker Technology cooling system units for laptop and personal
computers are superior in several respects to other products on the
market. First, they are developed in partnership with the client so
that they meet each client's particular specifications. Second,
Cirmaker's expertise in making cooling fin assemblies, a critical
component of cooling units, results in smaller (about half the size
of typical assemblies), higher quality (due to a patented design
and manufacturing method), lower cost (20% less than typical
competitors) and more efficient cooling products. Cirmaker fin
assemblies cut cooling fan power requirements by two thirds, a key
factor in reducing laptop battery drain. Major suppliers to the
laptop computer industry are sourcing Cirmaker cooling systems
after determining that they have the lowest defect rates of any
competitive manufacturer. About Cirmaker Technology Corp.
Headquartered in Taiwan with offices in New York City, Beijing, and
Guangdong province, Cirmaker Technology manufactures cooling
systems for laptop and personal computers, electrical and
electronic components and 3G MHP (3rd generation multimedia home
platform) digital set top boxes for television sets. Cirmaker has
developed set top boxes that convert digital television broadcast
signals into analog formats so that analog TV sets can receive
digital programming. The system also receives, processes, stores
and broadcasts analog, digital and streaming media signals, and
supports pay-per-view and video-on-demand functions. Cirmaker
believes it is the only 3G MHP STB manufacturer operating in China
able to produce in volume a device that meets all the required
standards of Chinese broadcasting authorities. It also complies
with all international HDTV standards for high definition
television. Forward-Looking Statements The matters discussed in
this news release contain forward-looking statements, including
statements regarding Cirmaker's ability to ship the remaining
unshipped orders referred to above by year end and the ability of
Cirmaker's products to win acceptance among major computer
manufacturers. These statements are subject to various risks,
uncertainties and other factors that could cause actual results to
vary materially from the results anticipated in such
forward-looking statements. Such risks, uncertainties and other
factors include Cirmaker's potential inability to raise additional
capital, its potential inability to satisfy its contractual
commitments with IDN Telecom, Inc. or its other potential failure
to realize the potential benefits of its arrangement with IDN
Telecom, its potential inability to compete with other companies
that may be more experienced and better capitalized than Cirmaker,
changes in domestic and foreign laws, regulations and taxes,
changes in economic conditions, uncertainties related to the legal
systems in Cirmaker's target markets, including, China's legal
system and economic, political and social events in China and other
target markets, foreign relations between Taiwan, China and
Cirmaker's other potential target markets, a general economic
downturn, a downturn in the securities markets, Securities and
Exchange Commission regulations which affect trading in the
securities of "penny stocks," and other risks and uncertainties
detailed from time to time in Cirmaker's filings with the
Securities and Exchange Commission. These forward-looking
statements represent management's judgment as of the date of this
release. Cirmaker disclaims any intent or obligation to update
these forward-looking statements. DATASOURCE: Cirmaker Technology
Corp. CONTACT: Charles R. Skeele, CEO and CFO of Cirmaker
Technology Corporation, +1-917-639-4098, or ; or Truc N. Nguyen,
VP, Investor Relations of Stern & Co., +1-212-888-0044, or ,
for Cirmaker Technology Corp.
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