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Horizon Technology selected to design LCD kits for Citigroup

March 30, 2005

LAKE FOREST, Calif. - Horizon Technology, a leading independent distributor specializing in information storage and display products, has been selected by Citigroup Inc. to design and manufacture LCD kits to retrofit existing CRT screens for Citigroup's ATMs across North America, according to a news release.

As part of the agreement, Citigroup placed an initial order that will be delivered by Horizon this month. The customized LCD kits will cover several size applications. Horizon will provide Citigroup with design and engineering support that will include matching optical, mechanical and electrical requirements to display components then programming the controller board to optimize performance.

The kit includes an LCD screen, controller board, inverter, OSD board and all cables necessary to make field replacement of the existing CRT monitors fast and easy.

"With our experience in the display products sector and our existing distribution capabilities, we have both the expertise and the capacity to successfully customize display solutions to specific applications," said Kurt Johnson, Horizon Technology's chief executive. "This announcement is further testament to our product quality, the responsiveness and professionalism of our staff and Horizon's ability to provide best-in-class display solutions that meet our customer's needs at competitive price points."

Horizon also has sealed similar deals with Raytheon, General Motors, Boeing, NASA, the U.S. Army and Northrop Grumman.

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