VANCOUVER, CANADA  - Nam Tai Electronics reported a record $156 million in sales for the first quarter of 2005, an increase of 64% over 2004. The growth exceeded the EMS provider's upper sales guidance of $155 million.

"Nam Tai's first quarter sales typically are seasonally the lowest due to a long holiday in China with the shortest working days and after the peak season of Christmas sales," said Nam Tai's CEO Joseph Li.

""The substantial growth in sales was mainly attributable to our new expanded production capacity resulting from construction which has completed ahead of the schedule. Based on continuous sales orders from existing customers and positive feedback from potential customers, we are optimistic and confident that our growth momentum will continue into the second quarter and onward in 2005."

Nam Tai Electronics manufactures electronics components and subassemblies, and finished products, including cellular phones and PDAs.