DENVER, CO, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Advantego Corporation (OTCQB: ADGO) today announced the signing of an agreement with manufacturer and exporter Shenzhen Ferex Electrical Co., Ltd of China to manufacture and supply electrical components and systems.
Ferex is a wholly-owned subsidiary of Sichuan Jiuzhou Electric Group Co., Ltd (JIUZHOU). JIUZHOU is a publicly-traded company in China with Stock Code (000801). Company website: www.JIUZHOU.com.cn.
Founded in 1984, the production plant area is 20,000 square meters and the firm employs close to 3,000 people. Ferex is a manufacturer of high-quality IPC products, network security and computer peripheral products, motherboards, graphics cards, set-top boxes, e-books, tablet PCs and other PCBA surface mount products.
“With this relationship now in place, we will be able to fulfill production requirements of a number of manufacturing and licensing agreements that we have been in discussions with for months,” according to Advantego CEO Robert W. (Rob) Ferguson. “This agreement facilitates our current and future distribution agreements concerning some exciting new products related to digital TV systems, digital home theatre equipment and the underserved hearing-impaired market that includes some 48 million Americans,” he said.
Ferguson also said: “The added ability to redesign existing products and develop new ancillary products that will reduce costs and increase profits long term was also a major component entering this relationship with Ferex.”
The contract is effective immediately and runs through 2019 with annual renewals.
ABOUT ADVANTEGO CORPORATION
Advantego Corporation designs, develops and implements digital communications and intelligent software solutions as specialized Business Process as a Service (BPaaS). The elite, custom business solutions are available to large enterprises, affiliate networks and franchise operations. The Company also offers a variety of stand-alone products specific to targeted industries. Company website: www.advantego.com.
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