Zoom Technologies Secures Significant Orders From Micromax & Maxtron
BEIJING, June 5, 2012 (GLOBE NEWSWIRE) -- Zoom Technologies, Inc. (ZOOM) a leading China-based manufacturer of mobile phones and other mobile electronic products, today announced that the company has received significant orders from Micromax of India and Maxtron of Indonesia for original design and manufacturing (ODM) of mobile phones.
ZOOM has secured an order from Micromax, the number one domestic mobile phone brand in India, for 450,000 units in total of two models of GSM feature phones. Approximately half of the order will be delivered in the month of June 2012 and the other half within this summer. These two Micormax models are based on the Spreadtrum 6620 chipset. ZOOM is looking forward to producing up to 500,000 units per month for this prime customer from India.
Almost concurrently, an order is placed by Maxtron, the second largest domestic mobile brand of Indonesia. This purchase order calls for 100,000 units of 2.5G GSM feature phones, also divided into two models, based on the more advanced Spreadtrum 6800 chipset. 50,000 units have already been delivered as of the date of this press release, and the second batch is scheduled for delivery in June. If this initial order goes smoothly, ZOOM is expecting Maxtron's order to increase to 100,000 units per month.
Mr. Lei Gu, Chairman & CEO of ZOOM, remarked: "We are thrilled to win such large orders from the top level mobile brands of these countries. This is indeed a testimony of our design and manufacturing capabilities, and a recognition that ZOOM is among the best mobile handset ODM anchors of China."
About Zoom Technologies, Inc.
Zoom Technologies is a holding Company with subsidiaries that engage in the manufacturing, research and development, and sale of electronic and telecommunication products for the latest generation mobile phones, wireless communication circuitry and related software products. Zoom Technologies' subsidiary, Jiangsu Leimone, owns a majority stake of TCB Digital, which offers highly customized and high quality electronic manufacturing service for original equipment manufacturer customers as well as manufacturing its own brand of products under the ZOOM, LEIMONE and LONGTEL brand names. The Company's products are both exported globally and sold domestically in People's Republic of China.
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Certain statements in this press release may constitute "forward looking statements" that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events in which the outcome cannot be assured. You should not place undue reliance on these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission. We undertake no obligation to publicly release revisions to these forward-looking statements to reflect future events or circumstances or reflect the occurrence of unanticipated events.
CONTACT: Lynn Wei Investor Relations Coordinator Zoom Technologies, Inc. +86-10-5935-9576 firstname.lastname@example.org www.zoom.com
Source: Zoom Technologies, Inc. 2012 GlobeNewswire, Inc.