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TFT expect monthly sales of US$1.25m from deals

A MALAYSIAN company, which manufactures TFT liquid crystal display (LCD) display products, will soon sign an agreement with an Australian distributor which is expected to rake in millions of dollars each year.

This is the result of TFT Display (M) Sdn Bhd, of Penang, taking part in the CeBIT Australia 2003 trade fair at Sydney’s Darling Harbour Exhibition Centre over the weekend.

The company’s chief executive officer, Michael Wong said that he had gone to the Sydney fair, a major international event for the information technology industry, hoping to get two distributors to market the company’s LCD monitors and LCD TV in Australia.

"We have almost achieved this", he said, before returning to Penang. "We hope to sign our first agreement at the end of June"

Wong said he was confident that negotiations with the second distributor, which were at an advanced stage, would be concluded soon.

"Both distributors are likely to commit sales of at least US$625,000 (US$1=RM 3.80) each month, for a total monthly sales of about US$1.25 million," he said.

"We also had parties interested in our 7 inch car TV and 15 inch and 17 inch LCD TV. We will be actively pursuing these opportunities," he said.

Wong paid tribute to Malaysia External Trade Development Corp commissioner in Sydney Abu Bakar Koyakutty and marketing officer Traci Smith for their roles in sourcing distributors and arranging meetings.

He was also grateful to the acting Malaysian High Commissioner in Canberra, Abdul Malik Aziz, for attending the Sydney fair to support his company.

TFT Display (M) Sdn Bhd, the first Malaysian manufacturer to be awarded a five year tax free status by the Malaysian Industrial Development Authority. – Bernama