JF Technology and Ironwood Electronics seal cross-distribution deal


JF Technology Bhd managing director Datuk Foong Wei Kuong (left) and Ironwood Electronics Inc. chief executive officer David Struyk (right).

KUALA LUMPUR: JF Technology Bhd and Ironwood Electronics Inc have signed a cross-distribution agreement, where JF Technology will use Ironwood’s contact assembly cartridges, and Ironwood will use JF Technology’s contact pins.

Under this agreement, JF Technology will use Ironwood Electronics’ contact assembly cartridges, which include cantilever, rigid, and Ironwood’s new ATE-P contact assemblies for high-performance BGA/LGA testing.

Ironwood Electronics will incorporate JF Technology’s high-performance cantilever and rigid contact pins into its contact assembly cartridges and test sockets.

Both companies will continue to sell their own products worldwide, but will now also have the right to sell each other’s products, with Ironwood focusing on the US and Europe and JF Technology focusing on Asia.

“We are very excited to have Ironwood Electronics as our partner as we see strong synergies from this collaboration. Together, we will be leveraging on each other’s strong expertise and established network to further expand our geographical presence,” JF Technology managing director Datuk Foong Wei Kuong said in a statement.

“We will be each other’s partner and distributing each other’s outperforming products in selected markets. In turn, this would open up more opportunities that we can capitalise on together.”

Ironwood Electronics chief executive officer David Struyk said: “This agreement aligns perfectly with our entry into the ATE market - we could not be more excited than to partner with JF Technology and benefit from their experience and established precision manufacturing.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

JF Technology , Ironwood Electronics ,

   

Next In Business News

Ringgit retreats against US$ amid profit-taking, falling oil prices
Bursa Malaysia takes off on the heels of record-breaking Wall St
Trading ideas: AirAsia, Pharmaniaga, Bina Darulaman, Ancom Nylex, Country Heights, Green Packet, Pos, KHPT, United Malacca, EcoWorld, SSF, KESM
AirAsia eyes expansion in Indonesia
Ancom Nylex buys 70% stake in Colorex
Press Metal’s new Indonesian venture to buoy profit
Good prospects for Glomac on robust balance sheet
External trade continues uptrend
US fails to pass funding plan to avert shutdown
United Malacca quarterly net profit up to RM13mil

Others Also Read