AUBURN HILLS, MI – The Murray Percival Company, the award-winning leading supplier to the Midwest’s electronics industry, today announced their exciting partnership with Protektive Pak, a leading manufacturer of top-tier Electrostatic Discharge (ESD) Packaging Solutions. This collaboration is set to revolutionize the distribution side of the industry, enhancing the level of protection for electronic components while catering to the unique needs of customers.

Protektive Pak, with its rich history dating back to 1989, boasts an impressive array of ESD packaging solutions, including a distinctive impregnated, static dissipative corrugated material, conductive Plastek™ products, thermoforming, and ESD foams. The acquisition of the Protektive Pak line by Desco Industries, Inc. (DII) in 2002 further solidified its position as a frontrunner in the market.

“We are proud to say we distribute Protektive Pak,” said Mark Percival, Owner, VP, and Product Support Specialist of the Murray Percival Company. “Their dedication to providing high-quality ESD containers and material handling products aligns perfectly with our commitment to delivering excellence to our valued customers.”

Protektive Pak’s comprehensive range of stock static dissipative corrugated items stands as a testament to their continuous innovation and commitment to top-notch service. As a result, Protektive Pak has become the gold standard in the industry, consistently surpassing expectations and setting new benchmarks for competitors.

From custom ESD packaging to safeguarding products from Electrostatic Discharge (ESD), as well as physical and shock damage, Protektive Pak’s diverse lineup ensures that customers find precisely what they need to protect their valuable electronic components.

The Murray Percival Company, a recipient of numerous awards for its outstanding contributions to the electronics industry, acknowledges the ubiquitous presence of Protektive Pak’s offerings among their customers. Recognizing the multitude of options that Protektive Pak presents, The Murray Percival Company is thrilled to promote and distribute these innovative solutions, reaffirming their commitment to excellence in serving the electronics community.

To experience Protektive Pak’s cutting-edge ESD Packaging Solutions firsthand, visit www.murraypercival.com

SENAI, MALAYSIA – V.S. Industry Berhad Originating Summons for Inspection of Accounting Records Filed by VSIB and Datuk Beh Kim Ling Against Lim Chang Huat, Lim Chee Kon, Chow Chun Pooi@Chow Chan Leong and NEP Holdings (Malaysia) Berhad

1. Reference is made to the announcement dated 22 August 2022 made by the Company. The terms herein shall bear the same meaning a defined in the said announcement.

2. As announced by the Company, the High Court had on 10 June 2022 ordered NEP to:
2.1 open its Accounting Records (including its subsidiaries) for inspection by the Company and DB’s Auditor and/or by the Auditor’s colleagues within 8 working days from the date of being served with the inspection order and the said inspection shall be carried out on working days between 9:30am and 5:00pm and shall continue for the next 30 working days thereafter;
2.2 make available the Accounting Records for the Auditor and/or his colleagues to make copies and/or take extracts; and
2.3 supply to the Company and/or DB copies of the documents listed in Annexure B to the inspection order within the inspection period above.

["inspection Order"]

3. Pursuant to the Inspection Order, the Auditor’s colleagues commenced inspection of the Accounting Records of NEP and its subsidiaries in NEP’s premises on 1 July 2022 and the inspection ended on 12 August 2022.

4. However, the Company alleged that NEP has frustrated and/or stultified the Inspection Order by failing to comply with the terms of the Inspection Order as set out in paragraphs 2.1 – 2.3 above. LCH, LCK, CCP and Kong Kian Huat (“KKH”) as NEP’s officers have each failed to ensure that the Inspection Order is complied with by NEP.

5. The Company had therefore on 21 October 2022 filed for leave to initiate committal proceedings against NEP, LCH, LCK, CCP and KKH. Arising from the leave granted by the High Court on 13 December 2022, the Company commence committal proceedings on 27 December 2022 against NEP, LCH, LCK, CCP and KKH for breach and/or disobedience of the Inspection Order [“Committal Proceedings”].

6. On 19 June 2023, the High Court Judge heard the Committal Proceedings and reserved decision to be delivered on 17 August 2023.

7. The Company wishes to announce that the High Court Judge had on 17 August 2023 concluded that the charges of contempt brought by the Company have been proven beyond reasonable doubt and found NEP, LCH, LCK, CCP and KKH guilty of contempt of court as follows:
7.1 NEP has breached the Inspection Order by failing to comply with the terms of the Inspection Order as set out in paragraphs 2.1 – 2.3 above;
7.2 LCH, LCK, CCP and KKH as officers of NEP are guilty for contempt of court for failing to ensure the compliance of the Inspection Order by NEP;
7.3 The conduct of NEP, LCH, LCK, CCP and KKH has intrinsic tendency to interfere with the administration of justice.

[NEP, LCH, LCK, CCP and KKH are collectively known as “Contemnors”]

8. After finding that the Contemnors are guilty of contempt of court, the High Court Judge was supposed to proceed with hearing of mitigation factors and thereafter passing appropriate sentence against the Contemnors on 17 August 2023. This has been adjourned to 24 August 2023 arising from the Contemnors’ counsel’s application on the ground that LCH (who was present in Court) had to be sent to hospital due to breathing difficulties.

9. Any further development(s) of the above matters will be announced in due course.

SANTA CLARA, CA – Nokia today announced that it is the first telecom vendor to manufacture fiber broadband optical modules in the U.S. for use in the Broadband Equity, Access and Deployment (BEAD) program. Partnering with Fabrinet, a global manufacturer of highly precise optical products, Nokia will produce multi-rate optical modules at Fabrinet’s state-of-the-art facility in Santa Clara, California. Production will start in 2024 and brings additional high-tech jobs to the country. The announcement builds on Nokia’s previous decision to produce fiber-optic broadband network electronic products in Kenosha, Wisconsin.

Optical modules are a key high-tech component of fiber broadband networks. They convert electrical signals into light and vice versa, and are essential for connecting homes to high speed, multi-gigabit broadband. By manufacturing these optical modules in the U.S., Nokia continues to expand its list of products and solutions for networks rollouts using BEAD or other funding. States and infrastructure players seeking to participate in BEAD and the $42.45bn of available funding allocated for broadband rollouts to unserved and underserved communities are required to use equipment manufactured in the U.S.

Operators seeking to leverage BEAD funding to bridge the digital divide now have access to the latest cutting-edge technology for their deployments. Today, more than 70 percent of fiber broadband lines in North America are powered by Nokia. Using multi-rate optical modules and products allows operators to easily upgrade speeds from 1 Gig to Multi-Gig. Combined with Nokia’s award-winning 25G solutions and research into 100G technology, this ensures that operators are building fiber networks that will meet user requirements for generations to come.

Sandy Motley, President of Fixed Networks at Nokia, said: “Many in the industry have said that manufacturing optical modules in the U.S. was impossible. Today, we’re proving it can be done. Working alongside the Department of Commerce and Fabrinet, we’re excited to add optical modules to the list of technology solutions that will be produced here in the U.S. and become available to programs like BEAD which are so critical to bridging the digital divide.”

Harpal Gill, President and COO of Fabrinet, said: “Fabrinet specializes in manufacturing complex, precision optical and electro-optical products used in telecommunications networks and data centers. As a trusted partner of the world’s most demanding OEMs, we are excited to help bring the production of Nokia’s optical modules to the U.S. and support their efforts to bridge the digital divide. We’re pleased to partner with Nokia in order to help provide high-speed fiber broadband access to more people, homes and communities.”

ST. PETERSBURG, FL – On August 10, 2023, Steven D. Borges, Executive Vice President and CEO, Diversified Manufacturing Services, announced that he intends to retire from Jabil (NYSE: JBL). on December 31, 2023, remaining available to transition his responsibilities through December 31, 2024.