Heritage Global Partners and Tekmart International to Manage Upcoming Sale of Late Model Smartphone Technology Manufacturing Assets in Masan, Korea Due to Nokia’s Global Infrastructure Reorganization

- 1000+ SMT and Test Equipment Surplus Lots Will be Auctioned via Multi-Day Global Online Sale Beginning August 19

MASAN, SOUTH KOREA & SAN DIEGO, CALIF.--(Business Wire / Korea Newswire)--Heritage Global Partners (www.hgpauction.com) (“HGP”), a global leader in asset advisory and auction services, today announced that it is joining forces with Tekmart International (www.tekmart.com), a leading global supplier of quality secondhand SMT and Test equipment to the worldwide electronic manufacturing industry, to oversee a global auction sale (August 19-22) of late model smartphone technology assets that are surplus to Nokia’s Masan, South Korea manufacturing facility.

“We are very much looking forward to conducting this event. There has not been a significant offering of late model smartphone SMT production and test equipment in the secondary marketplace. We are confident these high-quality assets will appeal to buyers globally,” stated Nick Jimenez, Heritage Global Partners Executive Vice President. “Our August auction promises to be a unique, not-to-be-missed event for any worldwide organization seeking a wide range of state-of-the-industry mobile technology manufacturing and test assets, including six Fuji NXT SMT Lines.”

Global Smartphone Technology Manufacturing Asset Auction Highlights (http://goo.gl/HuoD14):
Sale Begins August 19, 2014 (4:00 am KST) with lots closing August 21-22 beginning 11:00 am KST

Key Assets:

· Six fully functional and turnkey Fuji NXT SMT Lines

Other Assets Include:

· Fuji NXT M3 and M3S Modules
· Koh Young KY-3030 Series Solder Paste Inspection Systems
· Dage XD7600 X-ray System
· Asymtek Axiom X-1020
· Rhode & Schwarz CMW 500 Wideband Radio Communication Testers
· DEK Galaxy Screen Printers
· Cencorp 1000BR Routers
· Keithley 2015 6.5 Digit THD Multimeters
· ERSA Hotflow Reflow Ovens
· Fuji NXT Feeders (hundreds available: 8mm up to 56mm)
· Fuji NXT Spare Heads available (H12HS, H12S, H08, H04, H01)
· Agilent AOI SJ50 Series III’s
· Agilent E4438C ESG Vector Signal Generators
· Aeroflex PXI 3025 Signal Generator Modules
· Plus much more - consult www.hgpauction.com for updated list of sale items/photos

Heritage Global Partners (www.hgpauction.com) is one of the leading worldwide asset advisory and auction services firms and a subsidiary of publicly traded Heritage Global Inc. (www.heritageglobalinc.com) (OTCQB: HGBL and CSE: HGP).

Website: http://www.hgpauction.com

Contact

Heritage Global Partners
Nick Jimenez
(+1) 203-733-7191
njimenez@hgpauction.com

JCIR
Rob Rinderman
212-835-8500
HGP@jcir.com,

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