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| Stockholm, 8. January 2008 |
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CellPoint partners with Chinese Production Company!
CellPoint Connect AB (publ), has signed a strategic agreement with the successful Chinese development and production company Ocvaco Ltd.
The agreement provides the means for CellPoint to intensify development of new headset products while at the same time manufacturing them at very competitive pricing. These key factors play an important role in CellPoint´s future growth, where the speed of development and time to market, together with aggressive pricing, will be essential competition parameters.
”We have, during the past six months, engaged with Ocvaco around the development of the products that we are launching this week at the CES Show in Las Vegas. Since this co-operative effort has proven successful, we are intensifying and expanding the relation between our companies and to start further business projects with Ocvaco. We’re looking forward to the same success moving forward.” says CellPoint’s COO Kjeld Lercke Pedersen.
”My experiences with production partners in the Asia-Pacific region has been generally positive but I am pleased to say that Ocvaco have really surpassed my expectations. Their interest in the production development course with our Norwegian and Canadian engineers has been outstanding and they have at the same time been able to give CellPoint very strong competition parameters by reducing our manufacturing costs markedly. This is vital for us to achieve the growth that our award-winning products have the potential to reach.” says CellPoint´s Chairman Michael Mathiesen.
Ocvaco’s CEO Mr. Fu describes the co-operation with CellPoint, from his long experience as one of the leading headset producers in China, as to a number of Japanese and American quality brands.
”CellPoint is a business which has the possession of an amazing innovative power and has the technology and products with the potential to make CellPoint a market leader in the global market. We see that our responsibility in this relationship is to provide top-quality, competitive manufacturing support now and in the future for CellPoint´s products. Together, we look forward to growing with CellPoint as they achieve their market leader position.” says Mr. Fu.
For more information contact:
CellPoint Connect AB
Michael Mathiesen
Chairman
(45) 4045 3332
michael.mathiesen@cellpoint.com
About CellPoint Connect AB
CellPoint develops, manufactures and markets the Flamingo Bluetooth Headset, a wireless headset using patent-pending EarClick™ technology for a comfortable fit and also nXZEN and nX6000 with extreme ”noise cancellation” technology. All products are compatible with Bluetooth devices such as mobile phones and computers. CellPoint has offices in Sweden, Denmark, Norway, China, Canada and the USA with markets throughout Europe, North America, Latin America and Asia. CellPoint is listed on Stockholm’s AktieTorget (www.aktietorget.se) with the following ticker symbol: CPNT. More information can be found at www.cellpoint.com
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