For more information visit: www.falconrak.com
Unedited press release follows:
Ras Al Khaimah, October 2,2004 — Falcon Technologies International “FTI” is a newly founded industrial group with its headquarters and manufacturing plant in RAK/UAE. The company is a joint investment between a Swiss based investment and management company “Primustech Investments” and a large group of UAE corporate and private investors.
The company activities are focused on Digital Data Storage Media manufacturing and commercialisation worldwide. The product mix FTI intends to offer to its customers includes Recordable and Rewritable optical discs according to the single and dual layer DVD technologies and specifications as well as solid-state-memory cards according to the Secure Digital “SD” and the MultiMedia Cards “MMC” standards.
A full services packages including manufacturing and distribution services will be offered to international active OEM/brand owners in the industry. FTI also created its own branded products line “RAKTEK”, which will be presented for the first time in GITEX Dubai.
Site construction program is in progress while equipment and manufacturing systems sources of supply have been evaluated and selected. More important are the agreements finalized for the necessary technology know-how transfer to FTI from internationally recognized partners.
FTI initial share capital amounts to 60 million AED and the foreseen total investment over the three planned phases covering first installation, plant construction and production capacities ramp-up is in the range of 650 million AED.
The company management team will be lead by Mr Adel Michael as group CEO and supervisory board vice-chairman. Dr Khater Massaad, CEO of RAK Ceramics as well as Mr Nawaf Ghobash, Partner and Director of Ghobash Trading Investments Co. Ltd, are among FTI investors and board members.
FTI objectives are to be recognized as the “Quality Reference” in the market and to be positioned in the top five worldwide players within the digital data storage industry, offering its products and services to professionals.
For further information please contact the company during Gitex at booth S3-1, Hall 3 or at the following address :
Sales & Marketing
FTI EUROPE SA
Av. de Rhodanie 70
1007 Lausanne – Switzerland
Phone : +41 21 614 28 00
Fax : +41 21 614 28 01
E-mail : firstname.lastname@example.org