IRONWOOD ELECRONICS AND JF TECHNOLOGY ANNOUNCE CROSS DISTRIBUTION AGREEMENT
Eagan, Minnesota, United States of America and Kota Damansara, Malaysia [•] July 2024 – Leading innovators and manufacturers of high-performance test contacting solutions for global integrated circuit (“IC”) makers, Ironwood Electronics, Inc. (“Ironwood”) and JF Technology Berhad (“JFT”) (“杰冯科技”) have announced the signing of a cross-distribution agreement, where, amongst other details, Ironwood will utilize JF high performance contact pins, both cantilever and rigid, within its contact assembly cartridges, and JFT will utilize Ironwood contact assembly cartridges (including cantilever, rigid, and Ironwood’s new ATE-P contact assembly for high performance BGA/LGA testing) within their test sockets.
Ironwood, a leader in bench top laboratory and characterization test sockets, is excited to bring high insertion count variants of their high-performance test technology to the ATE (automated test equipment) marketplace. Together, with JF Technology, they can now bring high performance BGA/LGA solutions and replaceable cartridge contact assemblies to their customers throughout Asia. Both companies will continue to sell their own products worldwide, but will now also have the right to sell each other’s products, with Ironwood focusing on the US and Europe and JF Technology focusing on Asia.
Both parties bring extensive intellectual property – Ironwood with their highly proprietary laminated contact assemblies, and JF Technology with their high performance, high insertion count contact pins.
Chief Executive Officer of Ironwood Electronics, David Struyk commented, “This agreement aligns perfectly with our entry into the ATE market – we could not be more excited than to partner with JF Technology and benefit from their experience and established precision manufacturing.”
Managing Director of JF Technology Berhad, Dato’ Foong Wei Kuong (拿督冯伟强) said, “We are very excited to have Ironwood Electronics as our partner as we see strong synergies from this collaboration. Together, we will be leveraging on each other’s strong expertise and established network to further expand our geographical presence. We will be each other’s partner and distributing each other’s outperforming products in selected markets. In turn, this would open up more opportunities that we can capitalise on together.”
About Ironwood Electronics Inc.
Based in Minnesota, USA, Ironwood is a manufacturer of high-performance test sockets, adapters, and modules. Founded in 1986, Ironwood is now part of HEICO Corporation (NYSE: HEI and HEI.A), which was established in 1957 and is a dynamic and expanding technology-driven company specializing in aerospace, industrial, defense, and electronics sectors.
About JF Technology Berhad
JF Technology is a Main Market-listed leading innovator and manufacturer of high-performance test contacting solutions for global integrated circuit (“IC”) makers. The Group has more than 20 years of industry experience with in-depth technical expertise. With strong emphasis research and development (“R&D”), JF Technology has filed more than 100 patents in various countries. Listed on the MESDAQ Market (now known as ACE Market) of Bursa Malaysia Securities Berhad since 2008, the Group’s headquarter and manufacturing facilities are located in Kota Damansara, Selangor with another manufacturing base in Kunshan, China.
For more information, please visit either www.jf-technology.com or www.ironwoodelectronics.com
