Nam Tai announces receiving additional order for LCMs

Nam Tai Electronics, Inc. has made an announcement that it received another new purchase order from an existing customer to extend the production of high-resolution liquid crystal display modules for a smartphone at the Shenzhen facility of the BVI company.

Nam Tai Electronics plans to manufacture about 12 million additional LCMs for smartphones for this existing customer, and the production is expected to extend to the period ending December 2013.

It is said in the company’s announcement that the new purchase order does not alter the customer’s decision to eventually transfer its future orders to other suppliers, and does not guarantee that any new future order will be awarded. Also, the customer may cancel any or all of this purchase order, paying cancellation fee to the Company.

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