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LCD maker to appoint two distributors in Australia

Tuesday, May 20, 2003 MELBOURNE:

TFT Display (M) Sdn Bhd, a manufacturer of thin film transistor liquid crystal display (TFT LCD) products, will soon sign an agreement with an Australian distributor that is expected to rake in millions of dollars each year.

This is the result of the Penang-based company's participation at the recent CeBIT Australia 2003 trade fair at Sydney’s Darling Harbour Exhibition Centre.

TFT Display chief executive officer Michael Wong said he had gone to the Sydney fair with the hope of getting two distributors to market the company's TFT LCD monitors and LCD TV in Australia.

The fair is a major international event for the information technology industry.

"We have almost achieved this," he said, before returning to Penang.

"We hope to sign our first agreement by the end of June," he added.

Wong said he was confident that negotiation with the second distributor would be concluded soon.

The talk was now in an advanced stage, he said.

"Both distributors are likely to commit sales of at least US$625,000 a month each, which will bring the sales to a total of about US$1.25mil per month ," he said.

"We have also received enquiries from some parties who are interested in distributing our 7-inch car TV, as well as our 15-inch and 17-inch LCD TV. We will be actively pursuing these opportunities."

CeBIT Australia managing director Jackie Taranto said the fair attracted about 20,000 delegates, including 140 from overseas.

International exhibitors were however down to 78 from 134 last year , mainly because of the SARS outbreak.

TFT Display is the first Malaysian manufacturer of TFT LCD displays to be awarded a five-year tax free status by the Malaysian Industrial Development Authority.

The company has already penetrated the highly competitive but lucrative South Korean market. – Bernama