|Thursday, 25 April 2019, 09:00 HKT/SGT|
HONG KONG, Apr 25, 2019 - (ACN Newswire) - TIME Interconnect Technology Limited ("TIME Interconnect", Stock Code: 1729.HK, with its subsidiaries collectively referred to as the "Group") announced joyfully that the Group's wholly-owned subsidiary-TIME Interconnect (Huizhou) Co., Ltd. garnered the "Excellent Cooperation Award" in the Excellent Supplier Award category at the China and Asia-Pacific Suppliers Conference of GE Healthcare Group 2019. TIME Interconnect was commended by this award for its excellent service to GE Healthcare and its unremitting efforts made to establish good and stable cooperation between the two sides.
GE Healthcare Group, subordinate to GE (General Electric) Company, mainly provides innovative medical technology and services to customers. GE Healthcare Group is the second largest customer in the department of medical equipment business of TIME Interconnect. The two sides have always maintained a good and close cooperation. The "Excellent Cooperation Award" is the first award obtained by the Group in the medical equipment industry, and the Group is also the only winner of the award for the supplier of wiring components.
As a reputable supplier of customized wiring components, TIME Interconnect has more than 20 years' experience in the wiring component industry, and has been committed to providing high-quality products and services for customers and maintaining long-term and stable relations with customers. Meanwhile, the Group actively invests resources in strategic industries with high growth potential, including 5G telecommunications, data centre, and medical equipment, etc. Among them, the Group's development in the field of medical equipment is particularly rapid; the orders of existing and new customers of the business department continue to grow. As of 30 September, 2018, the Group's revenue in the medical equipment department increased by 191.1% compared with the same period in 2007, and the growth rate is the largest among those of various departments' in the Group.
Mr. Lo Chung Wai Paul, Chairman of TIME Interconnect, said, "We are deeply honoured to receive this prestigious award presented by GE Healthcare Group. This is not only a high recognition of the products and services of the Group, but also a strong proof of our efforts in expanding the medical equipment business. The Group believes that the market demand for medical wiring components will continue to rise in the future, which is mainly caused by the increasing world population, the aging of population, the increase in the incidence of chronic diseases, the improvement of people's health awareness, a better family health care, a higher health expectations and more disposable income generated by the growing economy. In the future, the Group will continue to expand the R&D team to enhance the ability of developing medical products and related technologies. At the meantime, the Group will make full use of the platform of listing in Hong Kong to further improve its financial situation and overall competitiveness, and increase investment in innovation, research and development and other advanced technologies related to the customization of wire components, thus consolidating its position in the market."
About TIME Interconnect Technology Limited
TIME Interconnect Technology Limited is a well-established supplier of custom cable assemblies with more than 20 years of experience in the cable assembly industry. The Group primarily manufactures and supplies a wide variety of copper and optical fibre cable assemblies which are produced in accordance with the specifications and designs of individual customer. The products of the Group are used by a number of established PRC and international customers in a variety of market sectors including 5G telecommunications, data centre, industrial and medical equipment.
Topic: Press release summary
Sectors: Daily News, FinTech/Chains
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