Global-Tech Appliances, Samsung Electronics Sign Agreement
Jun 21, 2004
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Global-Tech Appliances Inc. announced that its wholly owned subsidiary, Global Display Limited, has entered into a strategic partnership agreement whereby Samsung Electronics H.K. Co. Ltd. will supply both plasma and liquid crystal display (LCD) panels to Global Display.

"The partnership with Samsung is expected to provide Global Display with a reliable supply of flat panel displays at competitive prices," John C.K. Sham, Global-Tech president and CEO, said. "Additionally, we believe that the technical support and resources made available by Samsung pursuant to the agreement will provide Global Display access to the most advance flat panel display technologies in the industry."

Global-Tech is a holding company, owning subsidiaries that manufacture and market consumer electrical products worldwide, including floor care products and small household appliances. The products are marketed by customers under brand names such as Black & Decker(R), DeLonghi(R), Dirt Devil(R), Eureka(R), GE(R), Hamilton Beach(R), Kenwood(R), Proctor-Silex(R), Sanyo(R), Sunbeam(R), and West Bend(R).

Global-Tech's subsidiary, Global Display Limited, is currently developing a wide range of consumer products incorporating high-definition flat panel displays (FPDs) that utilize liquid crystal display (LCD), plasma display panel (PDP), liquid crystal on silicon (LCOS), optical, and digital display technologies. Lite Array, Inc., another subsidiary of Global-Tech, is developing a range of display modules utilizing proprietary small molecule organic light emitting diode (OLED) technology. The modules are expected to be initially marketed to consumer electronics companies for use in cellular phones and MP3 players.

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