iST February 2016 Revenue Report

iST(TWSE:3289) today (Mar. 10, 2016) announced its net revenues on a consolidated basis, the revenues for February 2016 were approximately NT$151 million. Month over month, the consolidated revenue decreased 18.16%, and increased 1.38% year over year. Nevertheless, considering iST carved out partial business to build “DEKRA iST” with DEKRA last year, which reduced 15-20% of revenues. The annual growth of February iST should be counted more than 15-20% and set a new highest record of Februarys.

iST said, a small declination of February’s revenue resulting from nearly-two-week vacation of Lunar New Year and the 228 Peace Memorial day. However, the net revenues still raised an annualized 1.38%, inferring a continual increase of iST’s verification cases regarding the carve-out of DEKRA iST.

iST is optimistic about the business forecasts for the year ahead, resulting from the growing verification opportunities in automotive electronics and IoT markets. Recently, DEKRA iST, the joint venture between iST and DEKRA, a handful laboratory in Taiwan can possible conduct the high-power automotive electronics product certification, which has assisted Lextar Electronics Corp (TWSE:3698) to get the AEC-Q101 certification for its car LED headlights, which it’s a breakthrough from auto aftermarket to before market since just a few Taiwan manufacturers have the ability to accomplish it.

In the wake of developments in semiconductor technology and the acceleration of automotive electronics, more and more consumer products manufacturers are vigorous to enter into the automotive field. With the appreciably increasing automotive semiconductor projects will power henceforth the verification business of iST and DEKRA iST.

iST further pointed the groundbreaking in the signal verification business of IoT. As iST just completed tests of HTC Vive, the very first VR (Virtual Reality) product of Taiwan, and made it get the HDMI interface certification. Differing from conventional AV goods, the VR products impose new challenges in HDMI interface testing. iST’s signal test engineering team has total conducted the HDMI interface tests of Vive, which means iST has never absent in the new trends as a leading quality gatekeeper.

About Integrated Service Technology

Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including failure analysis, reliability verification, material analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.

In response to rising Cloud Intelligence, Internet of Things (IoT) and Internet of Vehicles (IoV), iST not only focuses on its core services but is also expanding its service offerings based on international trends, such as LED and Automotive electronic verification platforms and high-speed signal transmission integrity services.

iST’s pursuit of precision, perfection and efficiency, which has been accredited by multiple international well-known and credible organizations including IEC/IECQ, TAF, TUV NORD and CNAS. With increased outsourcing by major international brands, iST also plays the role of independent quality testing laboratory for OBM outsourcing products and association and is certified by TI, Lenovo, Dell, Cisco, Delphi, Continental Automotive, ISTA, HDMI, etc.

On July 2015, iST and DEKRA built a joint venture, Dekra IST to provide services including LED, PCB, PCBA, and system reliability verification, which could help to strengthen both parties’ capabilities of providing first-class testing and certification services in fields of automotive, LED and medical electronics.

Headquartered in Hsinchu, iST has led it to expand its operations around the world. The iST Group now includes iST Kunshan, iST Shanghai, iST Beijing, iST Shenzhen, iST Wuhan and iST Chengdu in China; Japan; US. These are all dedicated to providing customers with prompt, reliable and high-quality technical services in order to grow with the leaders of the world. For more information, please visit the iST website at: www.istgroup.com