Trio-Tech International (NYSE Amex:TRT)
announced today that it received a Distinguished Innovative Supplier Award from Freescale Semiconductor at the Freescale Technologies Forum held in San Antonio last month. Rich Beyer, Freescale's Chief Executive Officer, presented the award to Trio-Tech.
"Freescale customers expect innovation, speed, collaboration and customer focus from us, and we expect the same from our vendors. Trio-Tech has demonstrated these qualities in its semiconductor burn-in support for Freescale. Freescale challenged Trio-Tech to provide new capacity, in Tian-Jin China, and the new site was identified, staffed and qualified to support automotive products in less than ten months after the initial request. This was one of the fastest transition and qualification processes in our company's history. Trio-Tech has distinguished itself with its rapid response to Freescale's needs. We are pleased to recognize Trio-Tech with the Distinguished Innovative Supplier Award," said Bill McKean, VP of External Manufacturing and Chief Procurement Officer for Freescale.
Trio Tech CEO S.W. Yong said, "Trio-Tech's philosophy has always been to be a partner, not just a supplier, to our customers. We make it our business to understand the customer's needs and exceed their expectations. Trio-Tech is proud to be part of the winning team at Freescale."
Established in 1958 and headquartered in Van Nuys, California, Trio-Tech International is a diversified business group pursuing aggressive interest in semiconductor test and manufacturing, oil and gas equipment fabrication, solar products and real estate. Further information about Trio-Tech's semiconductor products and services can be obtained from the Company's Web site at
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and assumptions regarding future activities and results of operations of the Company.
In light of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the following factors, among others, could cause actual results to differ materially from those reflected in any forward-looking statements made by or on behalf of the Company: market acceptance of Company products and services; changing business conditions or technologies and volatility in the semiconductor industry, which could affect demand for the Company's products and services; the impact of competition; problems with technology; product development schedules; delivery schedules; changes in military or commercial testing specifications which could affect the market for the Company's products and services; difficulties in profitably integrating acquired businesses, if any, into the Company; risks associated with conducting business internationally and especially in Southeast Asia, including currency fluctuations and devaluation, currency restrictions, local laws and restrictions and possible social, political and economic instability; changes in U.S. and global financial and equity markets, including market disruptions and significant interest rate fluctuations; and other economic, financial and regulatory factors beyond the Company's control. Other than statements of historical fact, all statements made in this Quarterly Report are forward-looking, including, but not limited to, statements regarding industry prospects, future results of operations or financial position, and statements of our intent, belief and current expectations about our strategic direction, prospective and future financial results and condition. In some cases, you can identify forward-looking statements by the use of terminology such as "may," "will," "expects," "plans," "anticipates," "estimates," "potential," "believes," "can impact," "continue," or the negative thereof or other comparable terminology.
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