re:greatannouncement, seems everyone missed it Company Contact...

re:greatannouncement, seems everyone missed it Company Contact (USA):
Chris Kelliher, TZ Group CEO
[email protected]
+1 312.479.4491
Company Contact (Australia):
John Falconer
TZ Limited Director & Co. Secretary
[email protected]
0411 420 720
- more -
FOR IMMEDIATE RELEASE
PRODUCT DEVELOPMENT TECHNOLOGIES
SECURES DEALS IN WIRELESS DEVICES, HEALTHCARE
AND TOOLING SERVICES
CHICAGO – November 29, 2005 – Product Development Technologies (PDT), a global product
design and development services firm and subsidiary of TZ Limited (ASX: TZL), announced
today that it has entered into several new development agreements.
PDT has entered into a development agreement with a leading developer of wireless devices to
provide development services over an initial term of two years. The value of the agreement is
over USD$6 million.
Also, Questar, a leading manufacturer of blood glucose monitoring systems, has signed an
agreement naming PDT as the exclusive provider of product development services and hardware
for its next generation of glucose monitoring devices.
Finally, REUM Group, a development and production company specializing in high-quality metal
and plastic components for the automotive and consumer product industries, has contracted PDT
to provide over USD$1 million in tooling services over the next few months.
“We are seeing a significant shift in our business,” stated Mark Schwartz, PDT CEO. “We are
taking on more significant, longer-term roles with clients as part of the core product development
processes critical to their success.”
Chris Kelliher, TZ Group CEO said, “These developments are a great endorsement of PDT’s
significant capabilities, and further underscore the value it brings to the TZ Group and its high
standing within the industrial design and engineering communities. PDT is already on track to
exceed its financial objectives for the year and these new contracts should underpin strong
ongoing financial performance.”
PDT Inks Deals
Page 2
About PDT
Product Development Technologies (PDT) is a global, full-service product design and
development firm with 120 employees in six offices worldwide, with headquarters in the Chicago
area. Team members have expertise in a vast range of product development disciplines, including
design research, industrial design, user interface development, electrical and mechanical
engineering, software development, laser scanning, and tooling. PDT’s award winning product
designs have been recognized by BusinessWeek, the Industrial Designers Society of America, The
Consumer Electronics Association, Inc. Magazine, Chicago Athenaeum of Architecture and
Design, and Parametric Technologies Corporation. For more information, visit www.pdt.com.
About TZ Limited
TZ Limited is a leading intellectual property and technology development company that
specializes in proprietary embedded intelligent systems. The company leads the world in
Intelligent Fastening Technology, a new standard for the design, assembly and servicing of
products that will completely change the dynamics of manufacturing. TZ Limited offers a multidisciplinary
design and engineering capability that can deliver innovation, robust research and
development of new enabling technologies to disciplined product design, engineering, tooling and
prototyping. TZ Limited has a proven capability in technology licensing and exploiting its
valuable intellectual property through strategic commercialization partnerships with major
industry leaders. For more information, visit www.tzlimited.com.
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