ZOOM Technologies, Inc. Secures Significant Orders from Micromax & Maxtron
June 05, 2012 at 07:00 pm IST
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ZOOM Technologies, Inc. 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. The company 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. 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.
Zoom Technologies, Inc. (Zoom) is a holding company and owns subsidiaries, primarily engaged in technology and communications businesses in China. The Company owns Gold Lion Holding Limited, and through it, owns 100% of Profit Harvest Corporation Ltd, which further owns 100% of Celestial Digital Entertainment, Ltd., a mobile platform video game development company. The Company, through Gold Lion's wholly owned subsidiary, Jiangsu Leimone Electronics Co. Ltd (Jiangsu Leimone), owns 80% of Tianjin Tong Guang Group Digital Communication Co., Ltd (TCB Digital). Both TCB Digital and Jiangsu Leimone are in the business of manufacturing, research and development, and sales of electronic components for third generation mobile phones, wireless communication circuitry, GPS equipment, and related software products.