Wizcom Signs Up Additional Subcontractor
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Wizcom Technologies Ltd. /
Wizcom Signs Up Additional Subcontractor
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Rosh Ha'ayin, December 02, 2010 Wizcom Technologies Ltd. ("Wizcom") (Prime
Standard: WZM, IL 0010830706) announces today that the Company has signed up
Partner Manufacturing Ltd. ("PM") as additional subcontractor for the
manufacture of its products. Shipping is expected to commence from February
2011. Through the addition of a second supplier and assembler, total output
capacity for Wizcom products is expected to double as of February 2011, with
further increases as both relationships mature.
Shimon Amouyal, CEO for Wizcom, stated, "The signing up of PM is the logical
next step in our strategy to reduce risks, increase production capacity, add
production capabilities, reduce costs and improve our competitive position.
With the CAM Group and PM we now have two highly rated subcontractors and we
feel confident that we have hedged ourselves against supply issues as we have
had in the past. At the same time, we have added important operational
capabilities that will help us to catch up with the existing backlog and to
improve our cash flow."
About Partner Manufacturing Ltd.:
PM was founded in 1999 by former employees of Tadiran Ltd. The Company provides
a wide array of outsourcing solutions to the electronics industry, including
materials procurement, assembly & testing of products for telecommunications,
medical equipment and other electronics sectors. The Company owns an advanced
manufacturing infrastructure suitable for high spec manufacturing, assembly and
testing of electronics products. The Company is headquartered in Petach-Tikva.
About Wizcom Group:
Wizcom Technologies Ltd. is the world's leading producer of personal, portable
scanning pens that help people read and process text. These pocket-sized, user-
friendly devices enable people to understand and use printed material, anytime
and anywhere, without disrupting their reading process. Our pens help students
of English as a first or second language, as well as people working in
multilingual environments, enhancing their fluency and expediting reading
comprehension.
Wizcom Technologies Inc, Boston, US-based entity, responsible for Wizcom Group
operations in the Americas.
Ligature Ltd. is a world leader developer of Optical Character Recognition (OCR)
technologies and applications. The company offers innovative approach to OCR
based solutions for specialized markets partnering with OEMs, VARs and system
integrators incorporating CharacterEyes into software applications and hardware
products.
Galil Microwaves Israel (2003) Ltd. is a third party manufacturer and assembler
of electronic modules for microelectronic and microwave components.
For further information, please contact:
Wizcom Technologies Ltd.
Shimon Amouyal, CEO
13 Hamelacha St.
Rosh Ha'ayin, 48091, Israel
Phone +972-3-9103330
shimona(at)wizcomtech.com
http://www.wizcomtech.com
SCHWARZ Financial Communication
Frank Schwarz
Investor Relations
Germany
Phone +49-611-1745-398-11
Schwarz(at)schwarzfinancial.com
[HUG#1467825]
--- End of Message ---
Wizcom Technologies Ltd.
13 Hamelacha St. Rosh Ha'ayin Israel
WKN: 915856;ISIN: IL0010830706;Index:Prime All Share,TECH All Share;
Listed: Freiverkehr in Börse Stuttgart,
Freiverkehr in Börse Berlin,
Freiverkehr in Börse Düsseldorf,
Freiverkehr in Bayerische Börse München,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse;
Press Release as PDF:
http://hugin.info/130210/R/1467825/405451.pdf
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Source: Wizcom Technologies Ltd. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 02.12.2010 - 09:40 Uhr
Sprache: Deutsch
News-ID 49329
Anzahl Zeichen: 4769
contact information:
Town:
Rosh Ha'ayin
Kategorie:
Business News
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