NEWS RELEASE
For Release 8 a.m. PST
March 30, 2005
HORIZON TECHNOLOGY SELECTED BY CITIGROUP INC. FOR CUSTOM LCD
DISPLAY SOLUTION
-- Company To Retrofit ATMs Across North America; Commitment Demonstrates Breadth of Company's Display Solutions Group --
LAKE FOREST , Calif. -- March 30, 2005 -- Horizon Technology, a leading independent distributor specializing in information storage and display products , today announced it has been selected by Citigroup Inc. (NYSE: C) to design and manufacture LCD kits to retrofit existing CRT screens for its ATM machines across North America.
As part of the agreement, Citigroup placed an initial order that will be delivered by Horizon this month. The customized LCD kits will cover several size applications. The kit includes an LCD screen, controller board, inverter, OSD board and all cables necessary to make field replacement of the existing CRT monitors fast and easy.
“With o ur experience in the display products sector and our existing distribution capabilities, we have both the expertise and the capacity to successfully customize display solutions to specific applications,” said Kurt Johnson, chief executive officer for Horizon Technology. “This announcement is further testament to our product quality, the responsiveness and professionalism of our staff and Horizon's ability to provide best-in-class display solutions that meet our customer's needs at competitive price points.”
Horizon will provide Citigroup with design and engineering support that will include matching optical, mechanical and electrical requirements to display components then programming the controller board to optimize performance.This agreement with Citigroup represents another milestone in a series of custom display wins Horizon has secured from some of the country's largest OEMs and government organizations including Raytheon (custom LCD industrial panel mount monitor for air traffic control application), General Motors (custom LCD open frame monitor for retrofit in factory automation), Boeing (high resolution LCD kit for flight simulation), NASA (LCD monitors), U.S. Army (large area LCD displays for digital signage) and Northrop Grumman (sunlight readable LCD displays).
Horizon Technology provides display solutions for industrial automation, kiosk, ATM, military and digital signage applications. In addition to its standard display product line, the Display Solutions Group designs, engineers and manufactures a full spectrum of custom LCD solutions. The company provides a wide range of enhancement and customization services including LCD kitting; LCD test and repair; flat panel integration; touch screen integration; engineering support; ruggedization; optical enhancements; and parts fulfillment. Product offerings include LCD Kits, LCD Screens, Industrial & Rackmount Displays, Open Frame Displays, Sunlight Readable & High Brightness Displays, Controller Boards, Inverters, Panel PCs, and Touch Screen Monitors.About Citigroup Inc.
Citigroup is the preeminent global financial services company with some 200 million customer accounts in more than 100 countries, which provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.
About Horizon Technology
Horizon Technology is a
leading independent distributor specializing in storage and display products for
the OEM, EMS and ODM markets. Founded in 1996, Horizon's ISO 9001:2000 certified
worldwide headquarters are located in Lake Forest , California with sales,
purchasing and logistics support provided through offices in Boston , Miami ,
Oklahoma City, and Seoul , Korea . Services include strategic proactive and
reactive worldwide sourcing, fulfillment services, test and repair, Proactive
Part Match, and display solutions.
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For more information, press/analysts only:
Shari Gold,
GOLD PR for Horizon Technology, (949) 764-9488, sgold@goldpr.com
