There must be "some" market that Symbol could help TRKR crack into. Seems to me they are helping/financing many others in this field, yet it appears TRKR keeps flailing away and getting nowhere.
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Thursday July 13, 11:28 am Eastern Time
Company Press Release
Symbol Technologies Teams With Tianjin Nankai Guard to Assemble, Market
and Sell Scanning Products in China
HOLTSVILLE, N.Y.--(BUSINESS WIRE)--July 13, 2000--Symbol Technologies, Inc. (NYSE:SBL - news) today announced a multimillion-dollar contract with
Tianjin Nankai Guard Co., Ltd. of China to assemble, market and sell approximately 20,000 of its bar code scanning products for the Chinese market. It is the largest
contract in the history of Symbol's Asia Operation.
Tianjin Nankai Guard Co. Ltd., a subsidiary of Tianjin Guard Group and one of the companies of Nankai University, is the leading provider of security and anti-forgery
systems and solutions to companies, government agencies and organizations throughout China. The company has been strongly endorsed and supported by the Chinese
government and has provided its systems and solutions to various government departments, including the Finance, Revenue and Public Security Bureaus.
Last year, Symbol teamed with the Guard Group on a solution to enhance financial security by marking all bank drafts with PDF417, the Symbol-developed
two-dimensional symbology PDF is the de facto national symbology standard in China and there are a number of infrastructure projects underway in China with
PDF417 and Symbol scanners as their core technologies.
The scanning products that will be assembled in China will be targeted at applications used by banks, public security, transportation and logistics, customs, the China
Post Office and other applications. Symbol and Guard will provide technological and application solutions for a number of projects that will enhance the effectiveness
and productivity for the government and other industries. Symbol will provide its full range of two-dimensional scanning products under the contract as well as transfer
technology and expertise to Guard to enable Guard to provide local production and total solution support in China.
``We are very interested in working with Symbol since it is the global leader in mobile data transaction systems, which help improve productivity and competitiveness
across all industries. We hope this will bring our cooperation to a new level in Sales, Marketing and Research and Development,'' said Mr LI, Mingzhi, CEO of Guard
Group (which is the Parent Company of Tianjin Nankai Guard Co., Ltd).
Said Mr Wang, Xiangbo, General Manager of Nankai Guard, ``We are working very hard at building Guard into a first-class industrial company, to be compatible with
international standards in Manufacturing, R&D, Quality Control and Management.''
``We are very pleased to see that our relationship with Guard has grown and matured,'' said Peter Chan, Vice President and General Manager, Symbol Technologies
Asia Pacific Division. ``Guard and Symbol are working together to develop and expand the PDF417 market in China. China has always been a critical market in
Symbol's global strategic planning. Our sales and support force in China has tripled in the past year and we trust that with Guard as our key strategic alliance partner in
the PDF market, Symbol will bring the Auto ID industry in China to the next milestone.''
Symbol Technologies, Inc., winner of this year's National Medal of Technology, is a global leader in mobile data transaction systems, providing innovative customer
solutions based on wireless local area networking for data and voice, application-specific mobile computing and bar code data capture. Symbol's wireless information
appliances connect the physical world of people on the move, packages, paper and shipping pallets, to information systems and the Internet. Today, some 10 million
Symbol bar code scanners, mobile computers and wireless LANs are utilized worldwide in markets ranging from retailing to transportation and distribution logistics,
manufacturing, parcel and postal delivery, government, healthcare and education. Symbol's systems and products are used to increase productivity from the factory
floor to the retail store, to the enterprise and out to the home. Information about Symbol is available at www.symbol.com and 1-800-722-6234.
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Tom B. |
