Viasystems to Manufacture 61,000 Hop-On Cell Phones
Viasystems, Hop-On Announce Volume Manufacturing and Low-Cost Component Sourcing Agreement for China Production
IRVINE, Calif., Nov. 26 /PRNewswire-FirstCall/ -- Hop-On (OTC: HPON ) today announced that Viasystems will manufacture 61,000 Hop-On CDMA 800 MHz disposable/recyclable cell phones. The order is the initial phase of a volume manufacturing and low-cost component sourcing agreement between the two companies for production in China. Hop-On is the leading developer of disposable and fully recyclable cell phones. Viasystems is a worldwide provider of electronics manufacturing services to original equipment manufacturers, primarily in the telecommunications, networking, automotive, consumer, industrial and computer industries. With 22 manufacturing plants on three continents, Viasystems' capabilities cover a wide spectrum of services that provide cost-competitive manufacturing for its customers.
Peter Michaels, Chairman and CEO of Hop-On, commented, "We now have an EMS partner with a first-rate global network and telecommunications specialization. Viasystems gives us the knowledgeable volume manufacturing strength we need given the indicated demands for our disposable cell phone. This will enable us to benefit greatly from lower-cost component sourcing, faster production and higher yields. We remain focused on building a much larger telecommunications company and we now have the strategic partners in place necessary for our long-term success."
"We are excited to have the opportunity to leverage our capabilities and advantageous cost position to help Hop-On meet the anticipated ramp in volume levels and gain a competitive advantage globally," said David M. Sindelar, CEO of Viasystems Group, Inc.
About Viasystems Group, Inc.
Viasystems offers electronics manufacturing services (EMS) solutions to OEMs that outsource the design and manufacture of their products. The Company is a supplier to over 250 OEMs, including the following: Alcatel, Bosch, Cisco Systems, Delco/Delphi, General Electric, Harris, Intel, Lucent Technologies, Marconi Communications, Maytag, Nortel, Siemens and Sun Microsystems. Viasystems services consist of the design and fabrication of printed circuit boards, in particular, highly complex, multi-layered printed circuit boards and assemblies, wire harnesses, custom cable assemblies and enclosures as well as the procurement and management of materials and the assembly and testing of the OEM's complete systems and products. Viasystems employs 18,000 people at its 22 manufacturing facilities in China, the Americas and Europe. |
