InvestorsHub Logo
Followers 3
Posts 285
Boards Moderated 0
Alias Born 01/23/2007

Re: None

Tuesday, 04/08/2008 2:07:32 PM

Tuesday, April 08, 2008 2:07:32 PM

Post# of 227
Jaco Electronics Wins Order to Manufacture 4,500 Voting Machines for New York State

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Jaco Electronics, Inc. (Nasdaq: JACO - News), a global distributor and integrator of electronic components and customized flat panel display solutions, and provider of value-added logistics services, has been awarded a contract by Dominion Voting Systems, who is partnering with Sequoia Voting Systems in New York State, to manufacture approximately 4,500 optical scan voting machines for use throughout New York State. Jaco expects to complete delivery during the summer of 2008, in time for the November presidential election.
ADVERTISEMENT


Jaco’s Chairman and Chief Executive Officer Joel Girsky, added, “We are extremely pleased to once again work with Sequoia, and our new partner Dominion Voting. This agreement represents Jaco’s first voting machine contract utilizing optical scan technology. All of the voting machines will be produced at Jaco’s in-house integration facility at our Hauppauge, New York location. To accommodate this order and meet delivery deadlines, Jaco plans to expand its manufacturing workforce by approximately 40-50 people. We believe this contract is a reflection of the strong capabilities of our integration center and value-add services.”

John Poulos, President and CEO of Dominion Voting Systems Corporation, noted, “We know Jaco has been a strong partner to Sequoia in the past, and look forward to this as the first step in a long and mutually beneficial relationship for Dominion with Jaco.”

Commenting on the new manufacturing agreement with Jaco, Sequoia Voting Systems President and CEO Jack Blaine, added, “We are pleased to once again work with the team at Jaco Electronics. Jaco has done an excellent job building thousands of our voting machines in the past and they possess the expertise and capacity to fulfill this order.”

About Jaco Electronics

Jaco is a leading distributor of electronic components to industrial OEMs and contract manufacturers. Jaco distributes products such as semiconductors, capacitors, resistors, electromechanical devices, flat panel displays (FPD) and power supplies, which are used in the manufacture and assembly of electronic products, including: telecommunications equipment, computers and office equipment, medical devices and instrumentation, industrial equipment and controls, military/aerospace systems and automotive and consumer electronics.

Jaco has two distribution centers, a warehouse in Singapore, and 15 strategically located sales offices throughout the United States. The Company operates an in-house FPD integration center housing its engineering and manufacturing staff and operations. The integration center enhances Jaco’s ability to provide customers with unique value-added display solutions and a “one-stop” source for their FPD supply and integration requirements. In addition to customized FPD solutions, Jaco provides a variety of value-added services including automated inventory management services and assembling stock items for customers into pre-packaged kits.




All posts are only my opinion and are not buy or sell recommendations.