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SOURCE ARRIS International plc
SUWANEE, Ga., Feb. 8, 2018 /PRNewswire/ -- ARRIS International plc (NASDAQ: ARRS) today announced an agreement with long-time partner Pegatron Corporation for the sale of ARRIS's manufacturing facility in New Taipei City, Taiwan. Production of ARRIS customer premises equipment will transition to Pegatron's Suzhou site in China by the end of 2018. ARRIS will continue to maintain technology development and business operations in Taiwan, including its newly acquired Ruckus operations. ARRIS's Taiwan Technology Center will be a major tech hub for the company.
This agreement enables ARRIS to leverage Pegatron's scale and investments in emerging technologies to further accelerate innovation and time to market. This flexibility will enable ARRIS to continue meeting a diverse set of global customer needs as market conditions rapidly evolve. This sale is part of ARRIS's supply chain strategy to leverage key partners to simplify its manufacturing footprint.
"ARRIS's global vision is to leverage scale across a key number of global partners that allow us to concentrate on R&D, as well as anticipate the needs and expectations of our customers and their subscribers. Pegatron is a long-term, trusted manufacturing partner of ARRIS, with a proven track-record of quality and performance, and we expect the transition to be seamless for our customers," said Jim Brennan, ARRIS SVP, Supply Chain, Quality & Operations.
"Today's transaction builds on a successful 15-year relationship with ARRIS, during which we have helped them to deliver a range of major innovations to the global marketplace. Pegatron is proud to produce cost-effective, high-quality products; we look forward to continuing our joint success with ARRIS long into the future," said Syh-Jang Liao, President and CEO, Pegatron.
Pegatron (TWSE:4938) is a leading DMS (Design, Manufacturing Service) company with extensive experience and proven capabilities in design innovations, product development, vertical integration and after-sale services. For more information, visit www.pegatroncorp.com
ARRIS International (NASDAQ:ARRS) is powering a smart, connected world. The company's leading hardware, software and services transform the way that people and businesses stay informed, entertained and connected. For more information, visit www.arris.com.
ARRIS and the ARRIS Logo are trademarks or registered trademarks of ARRIS Enterprises, LLC. All other trademarks are the property of their respective owners. © 2018 ARRIS Enterprises LLC. All rights reserved.
Statements made in this release, including those related to the proposed sale of the Taiwan manufacturing facility and the expected impacts from the same, are forward-looking statements. These and other forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: the sale of the manufacturing facility is subject to regulatory approvals and customary closing conditions which may not be satisfied or may require conditions that are not acceptable to the parties; the transfer of production to new sites may take longer than expected; the anticipated benefits from moving the manufacturing of the products may not be realized; ARRIS may encounter production delays or delays related to quality that can occur when new production facilities are brought on-line for the transferred products. These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect ARRIS' business. Additional information regarding these and other factors can be found in ARRIS' reports filed with the Securities and Exchange Commission, including the ARRIS International Quarterly Report on Form 10-Q for the quarter ended September 30, 2017. In providing forward-looking statements, the Company expressly disclaims any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise, except as required by law.
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