Web2U Signs Manufacturing Deal with Flextronics International
MILTON KEYNES, England, Jun 22, 2000 /PRNewswire via COMTEX/ -- Web2U (OTC
Bulletin Board: MUCP), the UK-based producer of low cost web-to-TV Internet
access systems, today announced that it has signed a deal with Flextronics
International to produce its set-top boxes. The boxes will initially be
manufactured in Hamilton, UK with a view to utilising Flextronics' other global
manufacturing centres as production expands.
Web2U's "plug and play" set top boxes provide Internet access through any
standard television. It offers a full web service, including email, net browsing
and the facility for e-commerce to those without a computer. Web2U launched its
box in the UK market during February. It also has sales and distribution deals
in place in India and Australia and recently announced a joint initiative with
African Lakes Corporation PLC to address markets within the African continent.
The deal with Flextronics underlines Web2U's expansion plans, providing it with
a solid production base and an improved distribution platform. Flextronics will
be contracted to manufacture the newest version of the Web2U set top box.
Flextronics International Ltd is a leading provider of flexibility and speed in
Electronic Manufacturing Services to Original Equipment Manufacturers in the
fast-growth communications, networking, computer, medical and consumer markets.
Headquartered in Singapore, and with operations throughout Asia, Europe and the
Americas, its client base includes Cisco Systems, Microsoft and Sony.
Flextronics' business model is based upon providing its customers with a high
degree of flexibility in their operations through its ability to provide volume
scalability, mass customization, reduced time to market and enhanced supply
chain and logistical efficiencies.
Commenting on the signing of the contract, Web2U's chief executive, Darran H.
Evans, said:
"With an improved product shortly coming to market and a growing demand it was a
vital part of our expansion strategy to secure a solid production base. It is
difficult to imagine a more reliable partner than Flextronics and I am delighted
that such a high quality Tier 1 EMS provider will help to underpin our future
growth."
George Campbell, Operations Director of Flextronics International commented:
"We are delighted to be working with Web2U as they enter an exciting growth
phase. We look forward to providing our services to them here in the UK and
overseas."
Web2U is a wholly owner subsidiary of MSU Corporation, based in Milton Keynes,
UK. In the US, the company is quoted on the OTC Bulletin Board as MUCP.OB
Certain information included herein and on other Company statements, reports and
SEC filings is forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995, including, but not limited to, statements
concerning anticipated operating results, financial resources, marketing, growth
and expansion. Such forward-looking information involve important risks and
uncertainties that could significantly affect actual results and cause them to
differ materially from expectations expressed herein and in other company
statements, reports and SEC filings.
SOURCE Web2U |
