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Ritek to Purchase Daxon Equipment for Blu-ray

In a January 22, 2010 filing to the Taiwan Stock Exchange (TWSE), Ritek Corporation announced that it had entered into a memorandum of understanding (MOU) with Daxon Technology Inc. to purchase Daxon’s optical disc manufacturing equipment for NT$500 million (US$15.6 million).

According to the filing, Ritek will use the equipment to expand its manufacturing capacity for Blu-ray Discs.

Currency conversion as of January 25, 2009.

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