Jinshilin Techno, TechnoConcepts’ subsidiary in China, received a product-supply and sales contract for 100,000 set-top boxes integrating both IPTV and voice over IP from Shanghai Forest Electronics Technology.
The companies said the contract represents the first purchase order pursuant to their cooperation agreements, and Jinshilin expects to ship a total of 2 million IPTV/VoIP set tops to Shanghai Forest by the end of 2009.
Shanghai Forest agreed to pay more than $9 million for the 100,000 boxes, with 30% of the price of each shipment to be paid in advance. The first shipment is for 5,000 units in February, ramping up each month to a shipment of 30,000 units in July.
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