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SOLOMON
SYSTECH ANNOUNCES GRAND OPENING
AT HONG KONG SCIENCE PARK
Marks
Milestone for Global Expansion
(Hong
Kong - February 24, 2004) - Solomon Systech Limited
("Solomon Systech" / the "Company"), a
leading one-stop flat panel display integrated circuit
("IC") solutions provider, announced the
inauguration of its headquarters in the Hong Kong Science
Park ("HKSP") today.
Solomon
Systech specializes in the design, development and sale of
proprietary IC solutions. Established in 1999, it has
rapidly become a major player in the flat panel display IC
industry, providing one-stop solutions on a worldwide basis
under its own brand name. With its global insight and
advanced design capabilities, the Company has been able to
maintain a real edge in this fast-moving industry.
Being
a knowledge-based company leaded by highly experienced
management, Solomon Systech now stands as a global leader in
the cellular phone display IC sector, shipping more than 70
million display ICs in 2003. According to IDC, global
shipments of cellular phones amounted to approximately 427.1
million handsets in 2002.
"The
relocation to HKSP marks a key milestone in our business
expansion and shows our long-term commitment to the hi-tech
industry." Mr. Humphrey Leung, President and Managing
Director of Solomon Systech, said at the opening ceremony.
"With larger offices of around 30,000 sq. ft. at HKSP,
we will be able to hire more professionals, to bring in more
new ideas and introduce more new IC products, enabling us to
keep abreast of the rapid growth in the international
display IC market."
Mr.
Henry Tang, GBS, JP, Financial Secretary of the Hong Kong
Special Administrative Region, honored guest and speaker at
the grand opening of the Company, said, "I am pleased
to witness the achievement of Solomon Systech; originating
from Hong Kong, the Company has rapidly established itself
as a globally recognized company. Leveraging the diverse
talents, solid infrastructures as well as sound intellectual
property protection, the Government is committed to
supporting cutting-edge R&D activities and developing
Hong Kong as an international hub for high-tech
companies."
Solomon
Systech currently consists over 150 employees worldwide with
over 110 people based in Hong Kong. The team boasts
sophisticated abilities across all mainstream and emerging
display technologies, including STN, CSTN, TFT LCD and OLED
display, along with special expertise in low power and high
functionality integration, meeting the needs of global
customers across a huge variety of applications.
Having
adopted a "fabless" business model, Solomon
Systech is wholly committed to design, research and product
development, with the production process being outsourced to
stringently selected manufacturers. To ensure product
quality, the Company develops its in-house testing hardware
and software, and employs quality management system to
oversee the entire manufacturing process.
In
view of the world's escalating high-tech communications,
demand for flat panel display solutions will soar, allowing
Solomon Systech to capture the huge opportunities in
securing market leadership. "Apart from our established
innovations, we are now diversifying into new area such as
large screen displays for LCD TVs, computer monitors,
notebooks and the other high-tech consumer products."
Mr. Leung said.
"At
the same time, we are currently developing the newest
ground-breaking IC display technologies, such as
microdisplay and e-paper, to expand applications and capture
technology trends as they emerge. We look forward to
achieving excellent results, as we turn exciting
technological possibilities into reality for next generation
applications." Mr. Leung concluded.
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