The product, called "Win Jam", was developed by a US-based company I-Jam Multimedia LLC.
It was recently announced that I-Jam and Microsoft Corporation would introduce "Win Jam" as the first digital music player to exclusively support Microsoft's Windows Media Format.
According to Nikko Electronics chairman Minoru Yamashita, I-Jam Multimedia LLC had awarded the exclusive contract to Nikko Japan to manufacture "Win Jam" and Nikko Japan had, in turn, awarded the Original Equipment Manufacturing (OEM) contract to Nikko Electronics.
Yamashita said for the initial order of 22,000 units, Nikko Electronics would subcontract the manufacture to a company in China.
Currently, he said, Nikko Japan was in talks with a Japanese company to develop an integrated circuit which, when ready, would replace many components in "Win Jam".
"Once the IC has been developed, the production of `Win Jam' using the IC unit will be done in the factories of Nikko in Malaysia," he told reporters after the company's annual general meeting here today.
Meanwhile, managing director Lim Chiang Hang said the company was investing about US$1.5 million to upgrade its facilities in the factory in Penang.
Nikko Electronics is currently the producer of radio-controlled toys.
For the current financial year, Lim said the company was expecting RM27 million pre-tax profit on the back of a projected RM230 million in turnover.
For the financial year ended December 31, 1999, the company registered a pre-tax profit of RM19.4 million on the back of RM209.9 million in turnover.
"We believe 40 percent of the world's radio-controlled toys are Nikko products," Lim said.
Play video
There are currently no comments for this post.