"Tul is the new corporate brand name for the company. We wanted to think of a new name that was short, phonetically powerful, and easy to pronounce", said Ted Chen, CEO of C.P. Technology. "The name Tul was originally derived from the phrase ?Technology UnLimited?. The ?technology unlimited? concept is consistent with our business model of providing an extensive range of technology products and related solutions to customers around the globe. Tul Corporation will continue to release exciting new value and performance products including our very successful PowerColor graphics cards and mainboards based on the latest chipset technology. Tul Corporation will be the company to watch in 2004. ", he continued.
Tul Corporation currently have five product lines including Graphics Cards, Mainboards, Thin Clients, Tablet PCs, and Barebone PCs ? all of which are now on display at the company?s booth at the CeBIT exhibition (Hall 19, Booth D11) in Hannover, Germany. The company was founded in October 1997 and achieved impressive revenues of US $100 Million and US $500 Million for the years 2001 and 2003 respectively. The Compound Annual Growth Rate (CAGR) from 1998 to 2003 was 33%. Revenue for 2004 is forecasted to be US $700 Million.
Although the company is changing its name to Tul Corporation, it will continue to use the successful product brand name of "PowerColor" for its graphics cards and mainboards. The PowerColor brand name has gained significant recognition over the last few months, which has also seen the company?s sales records being broken again and again.
Tul? Corporation will aggressively target to ship up to 500,000 PowerColor graphics cards per month during 2004.
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