International DisplayWorks, Inc. (IDW) (NASDAQ:IDWK), announced today that it has received an initial tooling order from a leading printer manufacturer for monochrome displays to be included in five laser printer models. Volume production is expected to begin within the next three months, and the total value is expected to be up to $6 million over the next 12 months, subject to IDW's ability to continuously meet the customer's purchase order and quality requirements. This is IDW's first engagement with this customer. Tom Lacey, Chairman and Chief Executive Officer of International DisplayWorks, commented, "We continue to capture market share and expand our base of top-tier OEM customers across multiple end markets. This contract win is a further validation of our efforts and serves to further diversify our revenue stream. IDW is quickly developing a reputation for high quality, service and price within the market and we are optimistic on the prospects for further contract wins." 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. Specifically, changes in market conditions for the product or other factors beyond IDW's control could result in a materially different revenue forecast. 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)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more International Displayworks Charts.
International Displayworks (NASDAQ:IDWK)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more International Displayworks Charts.