TNSU has some relationship with Rambus, right?
Tanisys Technology to Supply Build-to-Order Memory Modules to Hitachi Semiconductor
PR Newswire - October 21, 1998 12:12
AUSTIN, Texas, Oct. 21 /PRNewswire/ -- Tanisys Technology, Inc. (Nasdaq: TNSU), a leading supplier of build-to-order custom products for PC manufacturers, today announced an agreement to supply Hitachi Semiconductor (America) Inc. with quick-turn design, manufacturing, testing and distribution of memory modules for Hitachi's OEM customers.
The agreement makes Hitachi the fifth major manufacturer to sign up for Tanisys' C.L.A.S.S. (Comprehensive Logistics and Supply Solutions) build-to- order (BTO) program in the past year. This provides Hitachi with the ability to deliver memory modules on a build-to-order basis, meeting the demands of PC manufacturers for a just-in-time solution to PC assembly. The BTO approach reaps the benefit of increased inventory turns and lower costs.
Tanisys's short cycle design, manufacturing and supply logistic services will be coordinated through an Electronic Data Interchange message system that will make it possible to respond quickly to orders from Hitachi's OEM customers. North American customers will be serviced from Tanisys's plant in Austin, Texas. Orders from European customers will be fulfilled at Tanisys's manufacturing facility in Scotland.
"Hitachi is the fourth largest memory manufacturer in the world, and its size and reputation make this a particularly important win for us," said Chuck Comiso, Chief Executive Officer and President of Tanisys. "We are ramping our capabilities today to provide Hitachi memory modules and are ready to begin shipping immediately to leading PC manufacturers. The fact that Hitachi selected our program is a strong endorsement of the quality of our product and the reliability of our service, including the DarkHorse SIGMA-3 memory testers we use to test the finished modules. As a result, we expect this agreement not only to substantially increase our production volume but also to help solidify our position in the build-to-order market.
"Major personal computer suppliers are a key customer set for our memory operations, and Tanisys is already approved as a supplier by many of the largest PC brands," said Jim Sogas, Director of Memory Marketing for Hitachi America. "Hitachi expects Tanisys to be a key partner as we engage with the industry's top computer hardware manufacturers."
Tanisys Technology, Inc. is a leading provider of customer-driven, quality computer products, as well as technical and logistical services to the electronics industry. Its outsourcing services include production order management and fulfillment. Tanisys products include the market-leading DarkHorse memory testers (SIGMA-3, SIGMA-2, SYNC-LC and SIGMA-LC), memory modules and Tanisys Touch patented touch technology. For more information, visit Tanisys Technology's website at tanisys.com.
Hitachi Semiconductor (America) Inc., a subsidiary of Hitachi America, Ltd., designs, develops, manufactures and markets a wide range of semiconductors, including microcontrollers, microprocessors, application- specific integrated circuits, memory and other components.
Hitachi America Ltd., a wholly owned subsidiary of Hitachi, Ltd., Japan, markets and manufactures a broad range of electronics, computer systems and products, and semiconductors, and provides industrial equipment and services throughout North America.
Hitachi, Ltd. (NYSE: HIT), headquartered in Tokyo, Japan, is one of the world's leading global electronics companies, with fiscal 1997 (ending March 31, 1998) consolidated sales of 8,417 billion yen, $63.8 billion.* The company markets and manufactures a wide range of products, including computers, semiconductors, consumer products and power and industrial equipment.
* At an exchange rate of 132 yen to the dollar.
Certain matters discussed in this Press Release may constitute forward- looking statements within the Private Securities Litigation Reform Act of 1995 and, as such, may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
SOURCE Tanisys Technology, Inc.
/CONTACT: Investor Relations: Joe Davis of Tanisys Technology, Inc.,
512-335-4440, or E-mail: InvestorRelations@Tanisys.com; Press Contacts:
Allison Clark, 847-291-1616, Ext. 256, or E-mail: allison@sspr.com, or Linda
Muskin, 847-291-1616, Ext. 275, both of S&S Public Relations, for Tanisys
Technology, Inc./
/Web site: tanisys.com
(TNSU HIT)
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