| VTech is one of the world's largest
suppliers of corded and cordless telephones and a
leading supplier of electronic learning products.
It also provides highly sought-after contract manufacturing
services. Founded in 1976, the Group's mission is
to be the most cost effective designer and manufacturer
of innovative, high quality consumer electronics products,
and to distribute them to markets worldwide in the
most efficient manner.
With headquarters in the Hong Kong Special Administrative
Region and state-of-the-art manufacturing facilities
in mainland China, VTech currently has a presence
in 10 countries and over 30,000 employees, including
around 1,300 R&D professionals in R&D centres
in Canada, Hong Kong SAR and mainland China. This
network allows VTech to stay abreast of the latest
technology and market trends throughout the world,
while maintaining a highly competitive cost structure.
The Group invested US$45.2 million in R&D in
the financial year 2007 and launches numerous new
products each year. VTech sells its products via a
strong brand platform supported by an extensive distribution
network of leading retailers in North America, Europe
and Asia. Apart from the well-known VTech brand, the
Group has the rights to use the AT&T brand in
connection with the manufacture and sale of its wireline
telephones and accessories.
In addition, VTech has license agreements with licensors
of well-known children's characters that allow it
to use those characters in the cartridges for its
popular V.Smile product range and certain electronic
learning products.
Shares of VTech Holdings Limited are listed on both
the Hong Kong and London stock exchanges (HKSE: 303;
LSE: VTH). Ordinary shares are also available in the
form of American Depository Receipts (ADRs) through
the Bank of New York (ADR: VTKHY).
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