DSN Densitron Tech.

TIDMDSN

RNS Number : 3673R

Densitron Technologies PLC

19 November 2012

Densitron Technologies plc

("Densitron" or the "Group")

Optical Bonding Facility

Densitron Technologies plc announces the creation of an Optical Bonding Facility in Taiwan (the "Facility"). Optical Bonding is the process that allows displays to be bonded to touch screens and cover lenses and is becoming an increasing requirement in the industrial marketplace that the Group addresses. The Facility is being launched today - the 19(th) November - and the Group has taken a significant level of orders in advance of the opening of the Facility.

The operation will be a joint undertaking with Forward Electronics Co. Ltd (part of the Tatung Group) who will provide the 346 square metre state of the art 10,000 class clean room and the operational staff to run the Facility. The management of the Facility will be undertaken by Densitron personnel with the Densitron Group sourcing opportunities through its network of subsidiaries, distributors and directly from display suppliers in Taiwan that have a requirement for a bonding solution. The clean room will additionally be used for all forms of bonding plus assembly and testing.

Grahame Falconer, the CEO of Densitron Technologies plc commented:

"This is a major progression for Densitron as it moves the business up the supply chain from being an added value distributor to providing a service and solution to our worldwide customers. We have carried out extensive research into alternative bonding solutions and into the market requirement for bonding. We feel that there is a major opportunity for us to develop this solution especially to our target Industrial marketplace. We have had a business relationship with Forward Electronics for many years and see this arrangement as a natural progression providing Densitron with the resources required at minimum cost and risk.

"This significant move forward is part of our long term strategy to create intellectual property and provide additional services that enables us to offer our customers a full range of solutions to their product requirements."

Enquiries:

 
Densitron Technologies plc       Westhouse Securities 
 Grahame Falconer / Tim Pearson   Martin Davison / Jonathan Haines 
 Tel: 0207 648 4200               Tel: 020 7601 6100 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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