奥斯汀科技集团获得1764万元的液晶/TP显示模组采购订单

　　Ostin Technology Group Secures RMB17.64 Million LCD/TP Display Module Purchase Orders

　　奥斯汀科技集团获得1764万元的液晶/TP显示模组采购订单

　　Nanjing, China, July 28, 2022 (GLOBE NEWSWIRE) - Ostin Technology Group Co., Ltd. (the "Company") (Nasdaq: OST), a supplier of display modules and polarizers in China, today announced that the Company has secured purchase orders for LCD/TP display modules of an aggregate value of RMB17.64 million (approximately $2.6 million).

　　中国南京，2022年7月28日(环球通讯社)—奥斯汀科技集团有限公司(“公司”)(纳斯达克代码:OST)，一家中国显示模组和偏光片供应商，今天宣布该公司已获得总价值人民币1764万元(约260万美元)的LCD/TP显示模组订单。

　　The display modules are expected to be used in iGameG-ONE Plus, which is a brand new All-in-One (“AIO”) gaming PC manufactured by Colorful Technology Company Limited (“Colorful”). Based in Shenzhen, China, Colorful is mainly engaged in the manufacturing of computer video cards, motherboards, all-in-one gaming devices, as well as providing multimedia solutions and high-performance data storage services. Colorful’s high-end hardware brand iGame serie products are highly recognized by game users worldwide for their unique design and reliable quality, and have won more than 500 awards such as Kapok Prize and China Red Star Design Award in the global media and industrial design field.

　　该显示模组用于由深圳七彩虹科技有限公司(以下简称“七彩虹”)生产的全新一体机游戏电脑“iGame G-ONE Plus”。七彩虹是一家专业生产显卡、主板、游戏AIO设备，提供多媒体解决方案和高性能存储服务的厂家。旗下高端硬件品牌iGame系列产品以其独特的设计和可靠的质量得到全球高级游戏用户的高度认可，在全球媒体和工业设计领域获得红棉奖、中国红星设计奖等500多项奖项。

　　The display modules OST will provide for the Colorful iGame G-ONE Plus are high-end and customized modules fitted on liquid-crystal displays with in-plane switching screen technology. These display modules feature high dynamic range (HRD) imaging which provides exceptional brightness and contrast of images. Furthermore, they cover 99% of the sRGB color gamut for crisp and accurate color reproduction. The Company expects to complete the delivery of the orders by the end of 2022.

　　OST将为七彩虹iGame G-ONE Plus提供的显示模组是一款高端定制模块，安装在具有平面内切换屏幕技术的液晶显示器上。这些显示模块具有高动态范围(HRD)成像，提供卓越的亮度和图像对比度。此外，他们它涵盖了99%的sRGB色域和准确的色彩再现。该公司预计在2022年底完成这批订单交付。

　　Mr. Tao Ling, Chairman and CEO of the Company, commented: “We are delighted to receive the orders from Colorful, which demonstrates the remarkable performance of our display modules products. We believe our products are able to power the iGame G-ONE Plus AIO gaming PC and provide an unrivaled gaming experience for gamers. We are dedicated to meet our customers’ evolving needs and have focused on establishing and maintaining long term relationships with our customers, in an effort to ensure our sustained development and improved profitability.”

　　公司董事长兼首席执行官凌涛先生表示:“我们很高兴获得AIO显示组件订单，这是公司显示模组产品的又一卓越表现。我们也相信我们的产品能够支持iGame G-ONE Plus AIO游戏PC，为玩家提供最无与伦比的游戏体验。我们关注客户不断变化的需求，追求与客户的长期合作关系，以确保我们的持续增长和盈利能力的提升。”

　　About Ostin Technology Group Co., Ltd.

　　Founded in 2010, the Company is a supplier of display modules and polarizers in China. The Company designs, develops and manufactures TFT-LCD display modules in a wide range of sizes and customized sizes which are mainly used in consumer electronics, outdoor LCD displays and automotive displays. The Company also manufactures polarizers used in the TFT-LCD display modules.

　　For more information, please visit http://www.austinelec.com/.

　　Forward-Looking Statement

　　This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, erisks and uncertainties regarding lingering effects of the Covid-19 pandemic on our businesses, including disruptions to our supply chain, our ability to deliver customer orders timely, our ability to raise capital, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to attract and retain skilled professionals, client concentration, and general economic conditions affecting our industry and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.