Business
Partnership with Wilden AG
Partnership with Wilden AG.
About this update from Softcat Plc
[{"type":"text","content":"\n Screen Technology Group plc\n27 September 2006\n\n\nFor Immediate Release 27 September 2006 \n\n\n\n Screen Technology Group plc\n (\"Screen Technology\" or \"the Company\")\n\n\n Technical and financial partnership with Wilden AG\n\nScreen Technology Group plc (\"Screen Technology\" or \"the Company\" or \"the\nGroup\") the designer and manufacturer of revolutionary high-resolution\nlarge-screen displays for high ambient light environments today announces an\nexciting new technical and financial partnership with Wilden AG.\n\nHighlights\n\n• Long-term supply arrangement for Wilden to supply injection moulded \n light-guides to Screen Technology.\n• Wilden will set up a production \"cell\" to produce light guides and operate \n Screen Technology's tile assembly machine to produce finished tiles.\n• Wilden will provide funds to acquire the first high-speed machine and provide \n long-term finance of the injection moulding tools.\n• Total investment by Wilden totalling over £1.2 million and over £500,000 by \n the beginning of 2007.\n• The partnership will accelerate Screen Technology's expansion of production \n resources.\n• Potential for Wilden to reproduce further production cells in locations around \n the world.\n• Wilden has the technical competence, financial resources and global reach to \n be a valuable partner for Screen Technology for the future.\n\nPeter Smyth, non-executive Chairman said\n\n\"We are very excited by the partnership with Wilden AG, which will give us a\nstrengthened platform for growth. Wilden, has the technical competence, the\nresources and the global reach to be a valuable partner and the investment\nWilden is putting into the partnership will give us a greater ability to expand\nto meet expected market demands.\"\n\nTechnical and financial partnership\n\nScreen Technology is pleased to announce that it has signed letters of intent\nwith Wilden AG (\"Wilden\") to enter into a partnership for the production of\ninjection moulded light guides and the operation of the Company's first high\nspeed tile assembly machine.\n\nWilden is a major producer of specialist high-quality high-technology injection\nmouldings for the automotive, electronic and telecommunications and medical\nindustries. Its customers include Daimler Chrysler, Astra Zeneca, Siemens,\nSennheiser and Roche. Wilden has ...