MONTREAL--(BUSINESS WIRE)--March 16, 1999--Primetech Electronics
(ME:PME.) (TSE:PME.) Primetech Electronics Inc. ("Primetech") today
announced that it has been selected by Newbridge Networks Corporation
(NYSE:NN.N; TSE:NNC) ("Newbridge") for the second phase of the
leading networking vendor's turnkey initiative.
Primetech has provided sub-assembly manufacturing services to
Newbridge since 1988. Last fall, working with Newbridge on the first
phase of its turnkey initiative, Primetech undertook a pilot program
to supply selected products on a turnkey basis to Newbridge. The
success of the first phase has led to the second phase, which
encompasses an increased number of products being manufactured by
Primetech and an accelerated conversion of consignment products to a
turnkey basis.
"As part of Newbridge operations' continuing goal to maximize the
Company's performance both to its customers and its shareholders we
have looked to Primetech and other outsourcing partners to complement
Newbridge's internal core capabilities." - said Bruce Rodgers,
Executive Vice President Operations, Newbridge Networks - "This second
phase award to Primetech signifies the outstanding performance in the
past, as well as the completion of a successful turnkey pilot that
validates Primetech's ability to meet the flexibility, cost, and
service requirements that are crucial to Newbridge and our customers."
"We appreciate the continued faith that Newbridge has shown in
Primetech by expanding our longstanding relationship, and feel that it
reflects favorably on the flexibility and sustained efforts of
Primetech employees in serving Newbridge," stated John McAllister,
President and Chief Executive of Primetech.
Newbridge Networks Corporation designs, manufactures, markets
and services networking solutions to organizations in more than
100 countries. The Company leverages its relationship with a growing
family of Affiliate companies and strategic alliances with Siemens and
3Com Corporation to deliver seamless, end-to-end solutions. Newbridge
customers include the world's 300 largest telecommunications service
providers and more than 10,000 corporations, government organizations
and other institutions. Founded in 1986, the Company employs more than
6,000 people on six continents. News and information are available at
www.newbridge.com.
Primetech Electronics Inc. provides electronics manufacturing
services to major original equipment manufacturers (OEM's) in the
communications, computer and consumer electronics industries. Services
include the design, prototype, assembly and testing of printed circuit
boards and subsystems, as well as full system integration. Primetech
employs more than 400 people operating out of three facilities in
Montreal, Quebec.
--30--mjb/clv*
CONTACT: Primetech Electronics Inc.
Mr. John McAllister, 514/421-0023
514/421-0442 (FAX)
or
Primetech Electronics Inc.
Mr. David Brown, 514/421-0023
514/421-0442 (FAX)
KEYWORD: NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
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