EX-99.1 2 a10666exv99w1.htm EXHIBIT 99.1 exv99w1
 

Exhibit 99.1

     
(TRIO-TECH LOGO)   LOS ANGELES
SINGAPORE
DUBLIN
PENANG
KUALA LUMPUR
BANGKOK
         
    Company Contact:   Investor Contact:
FOR IMMEDIATE RELEASE   A. Charles Wilson
Chairman
(818) 787-7000
  Berkman Associates
(310) 277-5162
info@BerkmanAssociates.com

Trio-Tech to Close Irish Test Center

     Van Nuys, CA, —July 7, 2005— Trio-Tech International (AMEX:TRT) today announced that it plans to close its European Electronic Test Center in Dublin, Ireland, on August 31, 2005. Trio-Tech, which owns the real estate, currently has fewer than fifteen employees at this location.

     “We do not expect that the closing of this testing facility will have any adverse effect upon the Company’s operations. Trio-Tech plans to sell the Dublin real estate later this year,” said President and Chief Executive Officer S.W. Yong.

About Trio-Tech

     Founded in 1958, Trio-Tech International provides third-party semiconductor testing and burn-in services primarily through its laboratories in Southeast Asia. Headquartered in Van Nuys, California, the Company also designs, manufactures and markets equipment and systems used in the testing and production of semiconductors, and distributes semiconductor processing and testing equipment manufactured by others. For further information or to request quotations for any of Trio-Tech’s complete line of semiconductor test equipment, please visit the Company’s Web site at www.triotech.com.

Forward-Looking Statements

     This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: the effectiveness of the cost reduction initiatives undertaken by the Company, changes in demand for the Company’s products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, excess or shortage of production capacity, and other risks discussed from time to time in the Company’s Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.