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Singapore, 10 June 2013 – ECS Holdings Limited (“ECS” or the “Group) announced today that it has signed an agreement to distribute Lenovo smartphones in Thailand and Malaysia. Lenovo is the world’s second-largest PC maker and has risen rapidly to become China’s second-largest smartphone manufacturer.
The Singapore Exchange Mainboard-listed leading regional Info-Comm Technology (“ICT”) solutions provider representing best-of-class global brand names said it is the first local ICT distributor to bring in Lenovo smartphones into Malaysia and Thailand, where it currently distributes the brand’s entire range of notebooks and desktop PCs through its established network nationwide.
Lenovo ventured into the smartphone market in 2011 and now commands over 13% of the smartphone market in China.
Following its success in China – the largest smartphone market in the world – Lenovo is adding Thailand and Malaysia to its regional smartphone distribution footprint in the Asia Pacific region.
Expected to be available this June, the new Lenovo models to be carried in both countries will be K900, S920, and A706. The P780, S820 and A390 will be available only in Malaysia. Each Lenovo smartphone is designed with specific customer needs in mind and inspired by consumers in emerging markets.
According to International Data Corporation (IDC), Malaysia’s ICT spending is expected to reach 7.6% growth this year from RM9 billion last year, of which smartphones is set for high year-on-year growth of 34.6%. IDC has forecast that the smartphone market in Thailand – the second largest smartphone market in Asean – will expand by 40% to 7.3 million units this year.
Given the size and potential of the markets in both countries, the Group is upbeat on the entry of the new smartphone brand at this point in time.
Mr. Ong Wei Hiam, Group Chief Executive Officer of ECS, said, “The entry of Lenovo smartphones into the market parallels ECS’ own strategy of establishing a robust smart devices distribution channel. It signifies that the time is indeed right for ICT players to tap the market’s growth.”
Mr Tay Eng Hoe, Group Executive Chairman, said, “This agreement not only further extends our winning relationship with Lenovo, but, more importantly, enables us to play a key role in expanding the reach of Lenovo’s newest product lines.”
“With global sales of smart mobile devices, such as smartphones, tablets and e-readers, expected to grow by 20% in 2013 according to IDC, the Group will continue to widen its product range and distribution channels to take advantage this positive trend,” Mr Tay added.
About ECS Holdings Limited (“ECS”)
Listed on Singapore Exchange Mainboard since 2001, ECS is a leading ICT products and services provider, serving a wide regional customer base. The Group has 67 offices in six countries namely China, Thailand, Malaysia, Singapore, Indonesia and the Philippines. The three main businesses are Enterprise Systems, IT Services and Distribution. Enterprise Systems Division designs, installs and implements IT infrastructure for companies, while IT Services Division provides a comprehensive range of professional, technical support and training services. Leading IT vendors use ECS’ network of over 23,000 channel partners in the region to distribute their products. ECS has a consistent profit track and a management that is focused on operational excellence to achieve sustainable profit growth and enhance shareholder returns.
For more information, please log onto: http://www.ecs.com.sg
About The Value Systems Co., Ltd.
The Value Systems Co., Ltd. (TVS) is a wholly-owned subsidiary of ECS Holdings Limited – a Singapore Exchange mainboard company which is one of the leading ICT distributors in Asia Pacific, accessing to a network of more than 23,000 channel partners across China, Thailand, Malaysia, Singapore, Indonesia and the Philippines.
TVS provides a comprehensive range of IT products and services through its three core businesses – Enterprise Systems, IT Services and Distribution. It represents leading-edge products more than 40 brands. TVS also offers pre-sales, post-sales services and maintenance support to its customers through 2 branches in Bangkok; Pantip Plaza, Romklao, and 9 branches in upcountry; Chiang Mai, Phitsanulok, Khon Kaen, Nakhon Ratchasima, Surat Thani, Phuket, Hat Yai, Rayong and Nongkhai.
TVS has a strong intention to reinforce an imagination and love reading habit to Thai children by building a beautiful academic and fairy tale library for an elementary school in upcountry through CSR activity calls ‘Fairy Tale Library Project’ since 2007 till now.
For more information, please visit www.value.co.th